In an Attempt to Stop the Rise in Real Estate Prices, a Proposal to Tax Investment Housing

Lietuvos Radijas ir Televizija

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With politicians failing to tax all real estate, the Bank of Lithuania has floated the idea of introducing a tax on those who buy housing as an investment. It hopes to slow down property appreciation. But real estate developers and investors believe that the idea of a market supervisor would have the opposite effect – making rent more expensive for people who don't own their own homes.