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Complete removal of 'declaration of income statement' to buy property
 
Complete removal of "declaration of income statement" to buy property

Suspension of the "declaration of income statement" to purchase any property (a house, secondary or vacation homes).
 
Currently not applicable is the "declaration of income statement" for the purchase of first homes up to 120 sm and value up to 200.000 Euros. The extending of the measure in order to acquire any property will lead to a revival of the strife-torn real estate sector, which until recently was the locomotive of the Greek economy.

Postponement of the increasing of objective property values. The increase was scheduled to take place in autumn, but at yesterday's informal Cabinet meeting was decided the objective values to "freeze" until 2012 to avoid an excessive burden that would affect the taxpayers and that would hit the property market.



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