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Greece Introduces Significant Reforms to Real Estate Market with New Tax Legislation

The Greek Ministry of National Economy and Finance has introduced a new tax bill aimed at reviving the real estate market through substantial reforms. Key measures include tax incentives, regulations on short-term leases, and initiatives to tackle affordable housing challenges. The bill seeks to reduce tax burdens, simplify procedures, and foster investor confidence, while simultaneously addressing climate change impacts. Major provisions involve income tax exemptions for certain properties, increased deductions for insured homes, and funding programs for housing and energy upgrades.

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