Construction Sector Urges Lower VAT on New Builds to Tackle Belgium’s Housing Crisis

Construction and real estate sectors are urging the government to lower VAT on new housing to address the housing crisis.
Over half the price of new properties goes to taxes, making homeownership unaffordable for many families.
High costs are pushing more people into the rental market, which is already limited in Belgium.
Building permits are at their lowest since 1998, worsening the housing shortage.
The sectors claim that reducing VAT is the only quick federal solution to make new housing affordable and ease the crisis.

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