KCG Partners (Hungary): Brownfield Invetments in Rust Zones, Constructions after Covid19 in Hungary

COVID-19 is causing major economic disruption with more severe impacts expected than had to be managed after the global financial crisis in 2007, as it hits households, businesses, financial institutions and markets simultaneously. An interesting question is how the current situation will change with the reduced VAT rate announced by the government for the sale and rental of new homes resulting from brownfield real estate investments in so-called rust zones. MORE.

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