On Powering Your Property, Prime Time’s Rachel Kelly spoke to Ismail Gafoor, CEO, Propnex to discuss the impact of the property tax changes announced in Budget 2022 on the real estate sector. Announced during Budget 2022 last Friday, property taxes rates for both owner-occupied and non-owner-occupied residential properties will go up in 2 steps starting from 2023. This comes in the wake of a fresh round of cooling measures in December last year.

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