Nine basic changes to the property market

A new taxation bill recently put before Parliament by the ministry of National Economy and Finance introduces important changes in the property market. According to a ministry announcement, the proposed modifications are aimed at stimulating the property market and generally revivifying the economy, comprising tax reductions, investment incentives and measures to facilitate financial transactions. At the same time the bill confronts long-standing challenges such as the lack of affordable housing, the regulation of short-term rentals and adaptation to the consequences of climate change.

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