IFK to Have Professional Cooperation with New Gov't

The Property Developers Roundtable Association (IFK) is hoping the new Tisza government’s economic policy directions will include a predictable and stable regulatory environment and is focusing on future professional cooperation with it, the association told MTI.

IFK said development decisions are made several years in advance, so predictable and sustainable economic conditions are key for investment planning. A stable regulatory environment encourages the launch of new projects and strengthens the long-term commitment of market players.

In the residential market, a permanently predictable 5% VAT rate could contribute to the expansion of supply, the association said. The revival of projects could have a positive impact across the construction sector as a whole and on employment, investments and Hungary's competitiveness.

IFK noted that the limited capacities of the construction industry must be taken into account when planning public investments, therefore conscious capacity planning and anti-cyclical investment policy are needed when using European Union development funds.

IFK is ready to support expert-based government decision-making as a constructive professional partner.