Angola government reduces price of land plot 50 percent
Topics: ANGOLA PRICE LAND
In the face of the current economic crisis that has plagued the country and the subsequent loss of purchase power of the citizens, prices of land plot have been revised and reduced 50 percent, said the CEO of the Organized Land Management Company (EGTI, E.P.), Pedro Cristôvão.
Speaking to ANGOP, the EGTI CEO underscored that the prices set for land plot in 2015, still in force to date, do not fit in the current economic reality of the country, taking into consideration the constant variation in the foreign exchange rate and devaluation of the local currency. ■