Prague - Apartments up to 90 m² and family houses up to 150 m² should fall into the category of social housing. This follows from a document from the Ministry of Finance that the government will discuss at its meeting on Thursday. Minister for Local Development Petr Gandalovič said this today in response to a query from ČTK. Currently, a five percent VAT rate applies to residential construction, but it can only be implemented until the end of 2007. The aim of the new definition of social housing is to ensure that the construction of apartments in the Czech Republic does not become more expensive afterward.
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