The government has finally made up its mind... the real estate market will be unblocked, but prices will not fall... as buyers might have hoped! This is what the panorama in the real estate market is expected to be like, under the influence of the 5 percent revaluation campaign.
"We think we will have an unblocking of requests... despite the requests being there, many have postponed selling their property pending the reduction in the revaluation tax," Dorentina Krraba, a real estate expert, tells A2 CNN.
There will be more movement in the market, more offers, and perhaps more opportunities to find the right property. But as for the price... don't expect miracles. "Prices will not decrease. The expectations are that we will have a slowdown in price growth, but not a further decrease," says Krraba.
Only buildings that have been completed and are registered in the mortgage benefit from the legal initiative. New constructions, for the time being, remain outside the scheme. "Only buildings that have been built, those that have a mortgage, and not new buildings, benefit from the legal initiative. There will also be an increase in sales here," says Krraba.
The property revaluation campaign will start on January 1st of next year. The tax to be paid in the event of the sale and purchase of properties is proposed to be at the rate of 5 percent. The Ministry of Finance has submitted for Public Consultation the draft law “On the Revaluation of Immovable Property”. The law will also include properties that are in the process of registration or legalization, while for legal entities a revaluation by licensed experts will be required. (A2 Televizion)
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