Daily Archives: February 15, 2013

Purchase of flats rose by 2.7% in 2012 after an upturn of 34% in December

  The buying and selling of housing recovered by some 33.7% in the last month of 2012. The reason for this was the anticipated removal of the tax-deductible from regular housing and the increase of VAT from 4% to 10% on new buildings from 1st January, which allowed for the 2.7% growth in transactions to 366,225 properties for the whole year, according to Notarial Statistics.   Despite