The information that the VAT level for the purchase of housing would increase from 5% to 9% with the new fiscal changes circulated has alarmed the real estate developers’ guild, which anticipates a market blockage, because the buyers would thus be unable to buy any more a house.

Estimates of price increases range from 5% to 20%, but no one has announced that they are considering a reduction in apartment prices so that they are no longer prohibitive for many potential buyers.

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