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How will the Budget 2016 affect the Property Market malta, property malta, letting malta, real estate malta, simon mamo malta
10/19/16

How will the Budget 2016 affect the Property Market

Budget 2016 decisions for property:

 

- €5,000 tax concession for first-time property buyers will stay in place.

- Incentives for those who buy property which needs renovation in urban conservation areas.

- Tax on Gozo property purchases is going down to two per cent instead of five per cent.

- Low-income tenants will have their rent subsidy doubled. Rents on social housing will be reversed to what they were in 2013.


For more information please follow the link below:

http://www.timesofmalta.com/articles/view/20161017/local/the-2017-budget-at-a-glance.628296



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