Strengthening the construction sector and the real estate market, with the aim of increasing the housing stock through the construction of new homes as well as refurbishing existing buildings, is a key priority of the government, Deputy Prime Minister Kostis Hatzidakis emphasised on Monday, at the 3rd Real Estate Conference organised by Capital.gr and Forbes Greece.
In this context, according to a related announcement by the Office of the Deputy Prime Minister, five sets of actions are being implemented. These include changes to the measure for public-private cooperation to build social housing, in order to make this more attractive and effective, while further tax-related measures or the adoption of new initiatives will depend on the overall performance of the economy and the execution of the budget.
"The recent government decision," Hatzidakis emphasised, "to return one month’s rent to tenants, as well as the decision to extend into 2025 the 100% tax deduction for expenses related to the energy, functional, and aesthetic upgrading of buildings, are indications that the government continues to place this issue as a top priority. Within this context, the prime minister's announcements at the Thessaloniki International Fair (TIF) in the autumn will confirm our commitment to continue along the path of fiscal responsibility, reforms, and returning the benefits to society - with planning, consistency, and realism."
The interventions already being implemented or which are scheduled in the near future include: a reduction of real estate taxation, utilisation of public real estate assets, improvement of the regulatory framework and coordination among the competent ministries.