“If the government continues to allocate more subsidized funds and allows the use of pension savings, then price increases will become inevitable. This is especially true considering the unstable inflation and high inflation expectations,” he notes.
At the same time, the reduction of the base rate by the National Bank from 14.25% to 13% may lead to a decrease in mortgage rates in commercial banks.
The housing market may also be influenced by the following factors:
- the cancellation of VAT benefits for developers;
- changes in taxes for owners of more than two or three apartments or luxury properties;
- bringing the shadow rental market into the legal framework;
- encouraging the construction of new facilities in the regions.