The tax that is paid for the sale of housing, which is based on the area, market value and a percentage that is paid, according to the estimate from 2 to 15%, will now be also based on the age of the building. The Ministry of Finance and Economy has drawn up a new instruction, according to which the reference prices will be depreciated by 1% per year depending on the age of the building.

“Within the law “On income tax” a new instruction has been drawn up, related to the taxation of the transfer of ownership, where we found it appropriate to establish a new rule, based on which the reference prices will be amortized with 1% per year depending on the age of the building.”

In his appearance in front of the journalists Minister of Finance and Economy, Ervin Mete, added that during this year there will be a revision of the reference prices in the coastal areas as well.

“During this year, there will be a review of the reference prices on the coast as well, with the division of certain areas that will reflect price increases in these areas. Reference prices used in sales. There are some reference prices that are not revised, while especially on the first coastal line, the prices are much higher. The approach will be zonal, not the entire county or city with the same value, but where prices have increased significantly, a higher reference price will be applied,” said Mete.

The Minister of Finance also spoke about the country’s economic development for this year, which will be supported by sectors such as tourism, construction and energy.