INCREASE IN SALES TAX: HOW TO NOT OVERPAY FOR AN APARTMENT NEXT YEAR
The cost of real estate in Estonia is poised to rise in 2024, owing to the government’s plans to elevate the VAT rate from the present 20% to 22%. Consequently, all goods, including apartments, will see their prices increase. Those who have booked apartments this year but won’t take possession until 2024 or later will face an unexpected cost hike.
“The rise in sales tax directly impacts the cost of real estate. Buyers who have already reserved an apartment will notice the current price. However, by the time the developer is ready to hand over the keys in a year or two, that price will have escalated by 2%. It’s crucial to factor this into your budget,” underscores Aleksandr Voronkov, Sales Director of Tycoon.
All three houses in Kalevi Panorama are ready and eagerly await new owners. You can find current prices and plans here, along with contract terms here. Don’t miss out; book a visit to Kalevi Panorama now.