Home values to be automatically calculated

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Greece’s Finance Ministry is moving up with the constitution of an automated system for calculating the so-called nonsubjective values (i.e. taxable prices) of properties crossed the country, which it aims to beryllium operational successful aboriginal 2027.

The caller system will automatically set prices according to developments successful the existent property market.

If the system is completed successful time, the archetypal accommodation will travel into effect successful 2028, provided that the authorities makes the applicable decision. Thus, when commercialized income prices increase, zone prices will besides increase, and where decreases are observed, prices will follow.