"5% revaluation brings properties back to the market" - Expert: Apply as soon as possible, there will be a flood of requests at the end of the year
More savings, a larger number of properties on the market and more opportunities for those who want to buy a house with credit, are just some of the benefits brought by the process of revaluation of properties now by 5% from the 15% it was before. This was stated by real estate expert Ervin Demerxhiu, in an interview with SCAN Television, who emphasized, among other things, that the state also collects more funds from this process.
"The benefits are really quite large. The main beneficiaries have been precisely the people who have sold now and have really felt the savings, because if we sell a property in normal times we pay 15% and if we do the revaluation today we pay only 5%. The benefits are that properties that have not been on the market for years have come on the market. They have not come on the market for years, because they had a fairly high tax burden. It is precisely this tax burden that did not make them go on the market, because they were not competitive and customers did not see it reasonable to sell them. Also, these properties have given many people the opportunity to buy on credit, because they are properties that can be left as collateral. There have been quite a few people who have benefited from a soft loan, a normal loan that can buy these properties, unlike a property that is under construction and that cannot leave collateral", - said the expert.
Despite the fact that the deadline for property revaluation is December 31, the expert calls on all citizens who have a property to revalue to do so as soon as possible, in order to avoid the problems brought about by the influx of applications in recent days.
"We also make a call to citizens. We actually have a habit of leaving them until the end of the year and in fact the deadline for applications is December 31, but let's not leave them until the end, because we have often seen in the first reassessment that the end of the process has had problems. Given that there is an influx of requests and applications, there have been blockages and many citizens have been left without being able to make their applications," said Demirxhiu.
The General Directorate of Taxes announced a few days ago that 104.3 million euros is the fiscal cost saved by taxpayers during the period March - June 2026, thanks to the revaluation of real estate.
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