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{"id":571,"date":"2021-01-21T16:29:19","date_gmt":"2021-01-21T16:29:19","guid":{"rendered":"https:\/\/provoker.co.zw\/?p=571"},"modified":"2021-01-21T17:23:14","modified_gmt":"2021-01-21T17:23:14","slug":"the-housing-sector-might-be-exempt-from-lockdown-restrictions","status":"publish","type":"post","link":"https:\/\/provoker.co.zw\/the-housing-sector-might-be-exempt-from-lockdown-restrictions\/","title":{"rendered":"The housing sector might be exempt from lockdown restrictions"},"content":{"rendered":"\n
According to Statutory Instrument(SI) 10 of 2021, institutions that are not considered essential service providers can appeal for exemption from the government. That is exactly what REIZ President Alexander Millin did in his letter to Industry and Commerce secretary Mavis Sibanda.<\/p>\n\n\n\n
The following facts are being taken into consideration before the decision can be made:<\/p>\n\n\n\n
The real estate industry contributes substantially to the fiscal through tax heads such as capital gains, value-added tax, income tax, pay-as-you-earn, and property tax.<\/li>
This industry houses all essential services, therefore it is essential for them to continue operating to provide needed infrastructural support to these services.<\/li>
Most long term funding needed for projects that facilitate development and economic growth are sourced from the real estate industry. In essence, shutting down this industry for a prolonged period would stifle the economy in the long run.<\/li><\/ol>\n\n\n\n
This move is sure to benefit the approximately 100 000 people employed in this sector along with their families.<\/p>\n\n\n\n