We are still reviewing the proposed budget for the fiscal year 2026-27 in detail. However, the issues that have come to our attention so far have not reflected any effective policy support or incentives expected for the housing sector. Rather, there is a fear that the imposition of new taxes and duties on construction materials will further increase the construction cost. Especially the imposition of specific VAT on rods will further increase the construction cost, which will directly impact the price of flats and the general buyers, a press release said.

REHAB has been demanding for a long time to reduce the registration cost of flats and land to a reasonable level. We believe that reducing the registration cost will increase actual transactions, encourage investment in the housing sector and increase the government’s revenue. But this year’s budget has not reflected our expectations in this regard.

The housing sector is one of the driving forces of the country’s economy. About 269 linkage industries are directly and indirectly related to this sector. As a result, if the pace of the housing sector slows down, only developers or Not only buyers, but also numerous industries including rods, cement, ceramics, electrical appliances, furniture, transportation and millions of people’s jobs are affected. Therefore, if the housing sector shrinks further due to increased construction costs and investment discouragement, its negative impact will also have a negative impact on the overall economy.

We believe that in order to strengthen the housing sector in the long term, it is necessary to reduce registration costs, formulate a housing-friendly tax policy, increase long-term and low-interest financing opportunities, and ensure a stable investment-friendly environment.

We urge the government to seriously consider the proposals and demands raised by REHAB regarding the housing sector in the post-budget discussion. Because mobilizing the housing sector means mobilizing the country’s economy, creating employment, and further strengthening the foundation for sustainable growth.

We see the issue of “demonstrating self-motivated investment” as positive. However, we will review this issue further and give our opinion.