Real Estate · Cyprus

Government plans to extend VAT freeze and capital gains tax exemption until 2027

4 sourcesFirst reported 14 days agoUpdated 14 days ago

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The Greek government is planning to extend the suspension of the 24% value-added tax on newly built properties until 2027.
Additionally, there are proposals to continue the suspension of the 15% capital gains tax during the same period.
These measures aim to alleviate housing costs and support construction activity in the real estate market.
Officials are considering implementing these tax breaks for an additional one to two years to avoid new burdens on property buyers.
The announced changes are expected to directly affect property purchase costs and the overall real estate market dynamics.

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The Greek government is considering extending the suspension of the 24% value-added tax (VAT) on newly built properties and the 15% capital gains tax for an additional one to two years, potentially until 2027. This initiative aims to alleviate financial pressures on citizens and support the real estate market by maintaining favorable conditions for property transactions.

Officials hope that this extension will help avoid additional burdens on homebuyers and stimulate construction activity, which has remained a critical area of focus in the economic strategy. The proposals are seen as a continuation of previous measures designed to boost the market by making new properties more affordable and accessible to prospective buyers.

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Government plans to extend VAT freeze and capital gains tax exemption until 2027

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