As a particularly positive development for landlords and especially tenants, POMIDA considers the acceptance of an important part of its proposals by the Minister of Economy and Finance Mr. Kyriakos Pierrakakis on the issue of three -year taxation of vacant housing available for long -term lease Its performance for society.

Following what was announced, the whole arrangement is as follows:

– The exemption applies to owners who will rent homes that have been vacant for at least three years as well as houses that have been exploited in short -term lease in previous years.

– The exemption applies to such surfaces of up to 120 sq.m. If the tenant has more than two children, for each above child this limit will increase by 20 sq.m.

– The exemption shall, in principle, apply if the tenants will enter into a three -year lease contract for the main residence. If the tenant leaves the residence, the exemption will continue until three years are completed if within three months the owner shall conclude a three -year lease with a single new tenant.

– however, the exemption will also apply to at least six months leases, provided the tenants are civil servants (teachers, uniforms, nursing staff, etc.). In this case, the owner will not lose the continuation of tax exemption if within six months he concludes new lease contracts, at least six months or even three years.

– The exemption applies to the residences of the above two categories, whose first of the above rental contracts as the main residence will be concluded by December 31, 2026.

POMIDA: Positive changes remain unjustified restrictions and exceptions

These changes are particularly positive because they make the regulation applicable. However, there are limitations and exceptions, such as the unjust exemption of private sector workers. Specifically:

-The three years of the emptiness of the houses is not reduced, leaving a large number of houses out of the market until the three years is completed.

-The range of the provision does not extend to include any residence that is out of the lease for any reason today.

-They are not included in the semesters and seasonal employees of the private sector (mainly tourist and food professions) subject to compulsory re -employment status, who face the same problems as civil servants.

-The three -year discharge is not related to the housing but with her (the second now) tenant. That is to say, the owner is still a “hostage” of the behavior of his tenants.

-It is incomprehensible and unjustified the three -month deadline for re -leasing, after a three -year termination, which, if lost, is also lost. If there is a deadline, it should be six months so as not to create insecurity for the owners.