Viewing a single comment thread. View all comments

BareMetalSkirt t1_jaciszp wrote

Reply to comment by anon4357 in EU House price index change [OC] by mrscript_lt

Local currency, larger inflation than abroad, and lack of new construction due to regulatory minefields. Same as Czechia.

Source: 15 months into obtaining a construction permit for a regular house on my own land. During this time material costs tripled.

6

Toren6969 t1_jacjhl3 wrote

Add investment renting as the taxes for owning (one, but even multiple) houses/realities Is basically nothing, so it was one of the most Safe And solid investments with low interest rates in last decade.

Talking about Czechia.

2

BareMetalSkirt t1_jackf5b wrote

Correct, and since an overwhelming majority of the voter base owns property (~80 % IIRC), property taxes will not increase.

3

Toren6969 t1_jacku26 wrote

Which needs to increase Is the property tax for owning multiple properties, but I'm adraid it would be at this point too late anyway as it will be pushed in big part in already owned properties for rent And without much alternative people Will pay it. Only thing that could imo work would be tax expenses you could write off if you would rent a house for some average rent Price in the Area which would be set up by the municipality.

3