NEWS

2020-21 National Budget: First Home Buyer’s Initiative Made Even Better

Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum said: “We’re not only continuing the First Home Buyer’s Programme, it’s becoming more generous. For households who earn less than $50,000 a year, they will be granted $30,000 to build their first home.
18 Jul 2020 14:19
2020-21 National Budget: First Home Buyer’s Initiative Made Even Better

The First Home Buyers Programme has been made better.

Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum said: “We’re not only continuing the First Home Buyer’s Programme, it’s becoming more generous. For households who earn less than $50,000 a year, they will be granted $30,000 to build their first home.

“And $15,000 to buy their first home. For families earning above $50,000 annually, they can be granted $20,000 to build their first home and $5,000 to buy their first home.

“And –– once again –– we’re looking to businesses to lend creativity to the equation. Among the over 1,600 duty concessions, we’ve removed duties on raw materials, machinery and equipment for the construction of public rental housing.”

Edited by Ranoba Baoa

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