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Extension of 3% Rent Cap for Professional Properties Approved for 2025

Law 5164/2024 has been published, extending the 3% rent increase cap for small and medium-sized professional properties to 2025. Minister of Development, Takis Theodorikakos, introduced an amendment despite objections. The regulation aims to prevent drastic rent hikes linked to inflation. However, concerns arise regarding fairness to landlords who maintained low rents, as well as potential long-term impacts on lease agreements. The cap has generated questions about its application and legal implications.

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