Real estate registration tax removed

“Shqip” newspaper says that the agreement signed a few days ago between the Tirana Municipality with the Transportation and Justice Ministries has almost liberalized the process of real estate registration. The registration office for Tirana has had 130 objects who have submitted their files with construction permits, but that were not registered due to the tax and permission problems.

A builder could not register his object if he wouldn’t submit the verification that he had paid the taxes. This process lasted for many months, and turned into a nightmare for the subject, although they could have the other documentations in order.

But the agreement with the Ministry of Finances and that of the Justice has opened way to the apartment registration without showing the tax payment verification. However, the draft law must pass in Parliament after the final consent of the Minister of Finances.

“Since a good part of the citizens do not have a property title for capitalizing the estate and then using it as a guarantee later, we saw it necessary to ease the technical barriers for registration, thanks to a political will by the central and local governments”, Arben Qirjako declared.

The construction businessmen have supported the latest agreement that according to them would liberate billions of EUR in the Albanian economy. Directors of the Constructors Association say that the new pact solves the long lasting problem and it serves to the interest of 400 construction companies and 30.000 families.

The Association has calculated that this agreement will enter the market a total of 2 billion EUR, and the new law enters into effect by the beginning of October.

“This is a very important process that ends the unjust prevention of many families from having their property titles, which involves a total sum of 700 million EUR”, declared the Mayor Lulzim Basha before the agreement was signed.

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