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.
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