No progress in ob­jec­tive value ad­just­ment due to in­suf­fi­cient trans­ac­tions

Kathimerini English - - Focus -

so-called ob­jec­tive val­ues as prop­erty rates used for tax pur­poses are known – are sched­uled to ap­ply from June. How­ever, the com­pe­tent com­mit­tee of the Fi­nance Min­istry has hit a stum­bling block and can­not de­liver. Min­istry of­fi­cials ex­plain that it is dif­fi­cult for the ob­jec­tive val­ues to be ad­justed as the few prop­erty trans­ac­tions that are con­ducted – typ­i­cally un­der pres­sure to cover the sell­ers’ obli­ga­tions – have not proved ad­e­quately suf­fi­cient to pro­duce a data­base of mar­ket prices. The re­sult­ing dis­agree­ment be­tween com­mit­tee mem­bers as to how to tackle the sit­u­a­tion has led to an im­passe.

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