Brussels, 02/12/2004 (Agence Europe) - The European Commission has authorised the German aid scheme which provides a temporary exoneration from property transfer taxes for housing companies in cases of housing block developments in the new Länder. However, it has decided to open a formal investigation into certain aspects of the regime in the labour market catchment area of Berlin.
The tax on property transfer acts as a brake on the restructuring of the housing market in the new German...