The V.A.T.-tariff for the building of new houses is decreased from 21 percent to 6 percent. The descent is only valid for the year 2009 but there are some votes to continue this measure in future.
The people are definitely interested. This is noticeable to the request of information and the increase of entering contracts. The descent of the V.A.T-tariff is not the only cause of the ascent. The very low interest rates and ‘the insurance guaranteed living’ instigate the rising of new building projects. This year it is very favourable to buy, to build or to renovate a house.
The construction firms are doing well because of these measures, some even better than before the financial crisis. The improvement is only remarkable for the residential market but not for all the building firms.
The three measures are really helping the construction firms. This sector has known hard times, now the government is finally helping. I think it is everyone’s dream to have a propriety of their own and with these measures it can happen. I don’t think that the provisions should only be for one year because of the economic crisis. It is always difficult to find such a huge capital and definitely to make the down payments. The resources should be permanent, because the prices of propriety will continue to increase.
Sofie De Cooman
http://www.demorgen.be/dm/nl/3324/Financiele-crisis/article/detail/812214/2009/04/08/Verlaging-btw-tarief-redt-de-bouwsector.dhtml
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I think it is a very good idea! In these times, the government has to stimulate the people. With this measurement the government guarantees the continuing of the construction. The applicant contractor acquires a big reduction. And that is not all, they also draw money at e much lower interest. So they are doing a double advantage! So I understand that more people are building this year, actually it is the right moment (if you have a steady job off course because you have to pay every month).
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