According to Duna House analysts government tax relief saved property market

by   CIJ Hungary
2020-10-27   10:27

According to experts from Duna House, the governments decision to keep the newly built housing subsidy will strengthen the property market. These include 5 percent refundable VAT for new builds and a tax free transaction for both sides. This regulation will mean that the demand for properties should grow by 10-20 percent in 2021 according to their experts. At the same time homebuyers who are not affected by the changes will be aiming at finalising their real estate transactions by the end of the year, as the mortgage rules may change in January, hence they want a more predictable environment in which to sign deals.