Greek real estate agents think Greece should emulate Spain
Spanish government has announced plans to temporarily reduce the rate of VAT on newly built housing. It is an attempt to encourage sales and boost property market.
The announcement came at a recent press conference where the Spanish Finance Minister, Elena Salgado, announced that rate of VAT on newly built housing will be reduced from 8 to 4 per cent until the end of the year.
Cyprus is in a similar position to that of Spain with thousands of newly built properties remaining unsold and littering the once popular seaside areas. Prices too have fallen and unemployment in the industry has risen sharply since the market peaked in 2007.
Citizens all over the world are protesting. "From Athens to Barcelona, European town squares are being taken over by young people railing against unemployment and injustice of yawning income gaps", says the author.
What's going on? - he wonders.
Answer: 'We are fighting for an accessible future' - states an Israel's middle-class uprising slogan.
Technology revolution has led us to a new age in which people do have the actual possibility to raise their voices. "Thanks to cloud computing, robotics, 3G wireless connectivity, Skype, Facebook, Google, LinkedIn, Twitter, the iPad, and cheap Internet-enabled smartphones, the world has gone from connected to hyper-connected".
Uncertainty leads citizens choices in life. We have evolved from a world where we all thought life was safe and easyto mere insecurity. Housing is one the of the biggest problems of all.
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