VAT increase to hurt lower- and mid-income home buyers
The half a percentage point increase starting on May 1 will affect affordability
25 March 2025 - 05:00
The effect of a VAT increase is likely be felt across the property sector, influencing pricing, affordability and transaction costs.
However, the lower- to mid-income segments are likely to be the most affected, as higher costs put added pressure on both buyers and developers alike...
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