Real Estate: Which Taxes Won't Increase and Who Benefits

No increase in VAT on newly built properties or capital gains tax on property sales is expected, which supports the real estate market. The non-adjustment of property values creates an environment of predictability, reassuring the market.

The freeze of the 24% VAT on newly built properties has a direct impact on the available stock of properties. Under the current regime, transactions are subject to a transfer tax of approximately 3%, which keeps interest active and allows the market to gradually absorb the stock.

At the same time, a decisive role is played by the non-application of the capital gains tax. This suspension facilitates the disposal of used properties and prevents the retention of assets outside the market.

An important role in maintaining this mobility is played by the general climate shaped by the government's policy. The experience of previous years shows that every increase in property values not only affects taxation but gradually passes on to commercial prices.