US EditionThree Real Estate Owners Describe the Effects of the End to Vat on Housing for 12 Months
3 Articles
3 Articles
Construction and the real estate market face one of the worst crises in history, with a high stock of available units that the past government and the current one try to reduce through measures such as the subsidy to the interest rate and the one announced last week by the Minister of Finance, Jorge Quiroz: suspending the payment of VAT on the purchase of housing for 12 months. Its objective is to recover “the 200,000 jobs lost in construction,”…
During his presentation at a seminar in Diario Financiero, Finance Minister Jorge Quiroz said they would take steps to...
Ingevec reports a decrease of between 30% and 40% in marketing. They explain that speculation over a possible drop in prices has slowed down buying decisions.
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