Stournaras: Setting new property objective values risky

The current economic climate is rather difficult for setting new objective values for real estate, Finance Minister Yannis Stournaras said on Friday in a document tabled to parliament early December.

     "In the current economic context characterised by large fluctuations in the country's financial system and significant impact on real estate market, setting new objective values is at least risky," according to the document.

Stournaras added that as soon as circumstances permit, the government will consider the issue of resetting real estate objective values based on offer and demand as well as on social and economic criteria and the country's fiscal capabilities. (AMNA)