The financial staff of the government has accepted two proposals in a bill on encroachment on property belonging to the Greek state, which paves the way for its acquisition.

In particular, the initial draft of the law provided that the encroached residence should be not only the main one, but also the only one.

The word “unique” was removed from the plan submitted to Parliament, and finance staff claimed the proposal was accepted because the primary and only residence provision severely limits the scope of the law, resulting in an inability to address a broader social problem. possession of public immovable property by the heirs of the original beneficiaries who maintain said immovable property but do not use it as their sole residence due to the unsatisfactory condition they are in mainly due to age.

A proposal for a deduction was also accepted in the event that the building that is the main residence of the applicant is in state ownership.

From the 15% that was provided in the original plan, the discount is now 20%. It is noted that most of the proposals made during the public discussion related to the increase in discounts, which were not accepted by the Ministry of Finance.

According to the bill, the purchase of real estate will be carried out at its objective cost, however, significant discounts are provided, which can potentially reach 80% of the property value. In particular, as emphasized in the bill, the total amount payable cannot be less than 20% of the purchase price (ie the objective value of the property).

In order for someone to apply for the redemption of property belonging to him, he must continuously own it for 40 years, and in case he has the right of ownership, even if it is state property, he must own it for 30 years. The bill, due for public comment at the end of the month, also defines the amount of land that can be acquired on a case-by-case basis, prohibiting the acquisition of more than 10 acres.

The purchase price is reduced by 1% per year of ownership after 30 years (for those with a limit of 30 years) and 40 years (for those with a limit of 40 years), with a maximum discount of 50% on the amount received. That is, the price can be limited to half the objective value of the property. However, the amount may be limited if the recipient falls into one of the following cases:

The proposals were accepted by the Ministry of Finance within the framework of public discussion.

– 30% for persons with disabilities (80% disability and above) with annual individual income up to 40,000 euros or family income up to 60,000 euros.

– 20% for persons with disabilities with a disability degree of 67% and above with an annual individual income of up to 18,000 euros or a family income of up to 24,000 euros.

– 20% if he has many children with an annual individual income of up to 40,000 euros or a family income of up to 80,000 euros.

– 15% if there are three children with an annual individual up to 25,000 euros or a family up to 40,000 euros.

– 15% for the long-term unemployed.

– 20% if he is the recipient of the minimum guaranteed income.

– 20% if there is a building in state ownership that is the main place of residence of the applicant.