Filipinos dream homes are definitely at their cheapest prices today.
Now that the approved TRAIN Bill is only awaiting its date of implementation, the time gap before it finally hits the residential market is definitely the time when houses are still at their lowest prices. Practically speaking, home buyers will be saving more cash if they invest in houses today than if they will once the bill has already taken effect.
The removal of the VAT exemptions on low-cost housing will make it harder for low-income families to own a home as total selling prices of houses might increase by more than P300,000.House Bill number 5636 or the Tax Reform and Acceleration and Inclusion Act (TRAIN) is marked by lower personal income taxes, broader VAT base, and higher taxes imposed on products such as automobiles, beverages and petroleum. The bill, expected to lift some 6 million Filipinos out of poverty, will raise annual net revenues an estimated amount of P162 billion.
While the tax reform—in the long run— presents favorable outcomes, the additional cost it imposes is quite significant especially for the low-income earners. Families and young professionals will need to shell out more money in buying their dream homes as house prices will inevitably rise up.
With such inflation bound to happen, why not spare yourselves the additional cost by investing in your dream homes today? In all sincerity, investing or buying a house at this point in time will spare you the forthcoming effects of the said bill. Now is the most practical time; the perfect timing to invest. You will be buying the home of your dreams at its current price—the cheapest price it will ever be.
When all aspects needing careful consideration like financial capability or readiness to buy a new home does not pose any threat to you, then make the right move now. Don’t wait any longer when you can turn your dream home into a reality today. Whether it’s a fully-furnished house and lot you have in mind, or a state-of-the-art condominium unit, many property developers like Camella offer a wide roster of affordable houses and preselling condo units you can choose from.
Camella, the strongest brand of Vista Land and Lifescapes Inc., is the property developer of quality and affordable homes in the country. With more than 4 decades of expertise, Camella is well-aware that such news proves to be challenging for Filipinos wishing to have homes of their own. To alleviate the burden, Camella has made buying your dream homes easier through its affordable housing projects and easy on the pocket payment schemes.
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