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Germany to offer tax cuts to boost home building

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Published Wed, Feb 3, 2016 · 09:50 PM

Berlin

CHANCELLOR Angela Merkel's cabinet will provide tax incentives to investors who build new flats in urban areas, in a drive to tackle a drastic shortage of affordable housing aggravated by a record influx of refugees, officials said on Tuesday.

The government plan is expected to give Germany's booming construction sector an additional push.

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