20 March 2011: As the real estate market continues a very slow recovery from the economic downturn of 2008, the Ministry of Economy and Finance has added a Property Tax to raise revenues from land and homeowners. Many questions remain unanswered: How will tax rates be determined for each property?; Who is exempt?; and in light of the static and depressed nature of today’s real estate market, why is MEF adding this financial burden for struggling homeowners at this time?
EQUITY WEEKLY
