Greek authorities plan to reduce the property transfer tax to support the real estate market and normalize the situation of the country in the European Union, reported Ekathimerini.com, referring to the Ministry of Finance.
It is expected that the property transfer tax in Greece will be reduced to 4%. The new rules will apply to properties (houses and land) worth up to €20,000; for other properties the tax rate will be 6%.
Today the property transfer tax stands for 8% and 10% respectively.