In the course of the budget tightening package in 2012 there are planned some important changes of the taxation of private property sale, which come into force by the 1st of April this year.
From that day the capital gain (the difference between pruchase price and sales price) shall be assessed with 25%.
If the property is owned for more than 10 years, there is an inflationary compensation of 2% per year, which can reduce the capital gain by half.
Main places of residence and self-builded buildings can be sold without paying tax as always.
For property, which was purchased before the 1st of April in 2002 and which was not converted, there is a taxation of 3,5%; in the case of conversion it's 15%.
Further there are planned some changes concerning the pre-tax deduction of building projects and the pre-tax repayment.
The consequences ot these measures for the property market (if they become law) remain to be seen.
Because of the great demand for private real estate investment and the present focus on capital protection, I don't expect big effects on the property market in the short-time.
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