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Deputy Finance Minister urges property owners to increase rents due to value hikes

Deputy Finance Minister Theodoros Skylakakis urged property owners to raise rents to meet the higher demands on taxes that result from the hikes in the real estate objective values. The unprecedented advise comes as salaries remain low and with the new labor law workers will receive day-off for overtime work instead of payment.

Speaking to ANT1 TV, Skylakakis said “an increase in the objective values ​​means an increase in the value of real estate, it means that the landlord will be able to ask for increased rent.”

What about property owners how have no additional property to rent but just one, their primary residence, where they also live in?

Skylakakis had no argument other than to say that these property owners will have t pleasure to live in an “expensive area.”

He also claimed that despite the increases in the property values, owners will not pay more property tax (ENFIA) and some will pay even less.

The new property values go into force from January 2022, the ENFIA for next year is scheduled for March 2022 and not in September as in all previous years.

Note that the new objective values will affect some 20 more taxes and fees.

However, trying to turn black into white, Skylakakis noted that “the low property values meant that the value of Greeks’ properties was low and now it is increasing.”

Regarding the fact that the new property values will affect also the citizens’ taxation according to “deemed income”, the deputy minister claimed that “deemed income” is a very small part of the taxation in the whole. He claimed that the deemed income aims to tax citizens without income who, however, live a good life.”

PS God,  forgive them, for they don’t know what they are doing or saying or ruling.

I have no idea where all these ministers came from and what they did in their previous life. For sure, they didn’t live or struggle in the real world or the real Greek world that is getting more and more surreal.

They raise the property values and try to convince us that we are rich now. Seriously?

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5 comments

  1. Savvas Andreas

    OMG, they are seriously losing the plot.
    Until now, they just lost it a bit.
    Now they are close to a Junta.
    There will be a breaking point.

  2. I hope that this creature also advises employers to raise the wages of their employees, so that they can afford the rent increases. Where do these disgusting people that dominate political parties come from? Is there some sort of training school, like those for priests, where they are taught this sort of professional garbage?

    • He also claimed that despite the increases in the property values, owners will not pay more property tax (ENFIA) and some will pay even less.

      How can you say that the increase will not effect the taxable amount? Maybe that ‘jab’ has affected his though process.

  3. michele lavender

    Yes,there were and Im sure still are.Read about…The Chicago Boys…it was a school for a certain type of..economists..in America who went on to rip the heart out of various counties/areas on the planet.They ripped the heart out of Asia,all the Latin countries with Milton Freidman and Pinnochet,you would faint at the horror inflicted on the peoples there and even thought to start on the UK but the Falklands war came along.The EU didnt loose any sleep for Greek citizens in the Crisis but they love Greece they SAY.

  4. I wish they would stop talking about property “value” increasing. It is the property “price” that increases, or in this case the “objective price”. “Value” is what you get “price” is what you pay. The value is what the property provides you with, e.g. shelter, safety, comfort, amenities, etc. These do not change unless you alter the property in some way. “Price” is simply a number in some arbitrary unit of currency. When “prices” increase it usually means that the “value” of the currency unit has gone down.