Finance services are one of the most important to ensure the proper collection of taxes, which is essential for the financing of our State. It is a crucial matter for anyone who is a home owner, buyer, tenant, investor, or for anyone who develops any commercial activity related to the real estate sector. I will therefore emphasize this theme, following the many news that are emerging in this area.
The program aims to increase the supply of affordable housing in Portugal, fight real estate speculation and promote foreign investment in the housing sector.
Measures of the "Mais Habitação" PackageThe program contains several measures, among which the following can be highlighted:
Creation of support for the promotion of affordable rental housing; Promotion of a new generation... View more
Municipal Property Tax (IMI) will get more expensive in 2022 for newly built or rehabilitated homes. After three years without moving, the rate should increase by around 4% for these cases, and all because of the recent escalation in construction costs, which led the Government to update one of the coefficients that serve as the basis for calculating the tax. .
Since 2019, the value of...
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In 2021, property owners will pay less IMI (municipal property tax) in 84 municipalities in the country. According to the legislation that governs this tax, which reverts to the municipal coffers, each municipality has the autonomy to choose which rates to apply, within certain limits. In the case of a home for own housing, the rate can vary between 0.3% (minimum rate) and 0.5% (maximum rate...
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My experience in this area has allowed me, however, to see that the activity of real estate brokerage suffers from a serious gap that has affected both professionals and clients, who need to use a mediator to buy or sell their property.
Although the activity of real estate mediation companies has been a regulated activity since 1992 and at present it requires the...
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Until October 2019, consultation of a property register was shrouded in confidentiality and only accessible to the owner(s) of the respective properties. This privacy rule still remains unchanged, however, an exception was introduced for lawyers and solicitors. These professionals now have the possibility of accessing this information whenever they are dealing with...
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Among the well-known municipalities are Porto, Covilhã, Lisbon, Cascais, Sintra and Almada. In other words, if you own a house in ruins, or because you have been living for more than a year, you will have to pay the increased IMI tax, the value of which will be three times what you would normally pay.
In addition to this penalty that triples the value of IMI, there is yet another clause...
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