Terra Caribbean - Blog

Real Estate Wins from TT Budget 2020

Posted on Mon October 12, 2020 | By Richard Trestrail
Real Estate Wins for T&T Budget 2020

Every year, the population waits anxiously to hear if taxes will increase, the price of food or gas will skyrocket, or the general cost of living will climb. This year was a different one; waiting amid a pandemic, on how the Budget for the next fiscal year would stimulate the suffocating economy. While we have seen continued activity in the residential segment post-lockdown, the Real Estate sector did contract this year. However, we are hopeful that the concessions and tax exemptions across Housing, Construction and Real Estate will jumpstart the sector for the next fiscal year.