Tue, 10 Apr 07
The possibility of VAT charges on land sales in 2008 could well push up housing demand in 2007, BuySell
VAT is already charged on
BuySell manager Litsa Chrysostomou warned: As the date for the introduction of VAT on land grows closer, demand for land and property will be increasing. Indeed, those individuals who have been toying with the idea of buying property in
He concluded: It is expected that this increase in demand, in an already buoyant market, will lead to an increase in house prices.
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