ECONOMY

No new property taxes, says Finance Minister

Property owners will not face new taxes besides those already approved by Parliament, said Finance Minister Yannis Stournaras speaking on a news show on Thursday evening.

The minister noted that the government’s financial squad was in the process of discussing with the parties comprising the current coalition administration in view of developing a more equitable property tax system.

Stournaras also announced that objective value taxes will be streamlined with commercial values to reflect today’s real estate market.