Here I will write about matters related to the Portuguese State, legislation and other topics of interest to homeowners, landlords, tenants, real estate agents and consultants.
But what changes with this new Decree-Law No. 117/2024, of December 30, and what will be the actual impact on the real estate market and housing access? Let us explore the specifics of this reform and its main anticipated effects.
The context: a response to the housing crisisIn recent years, the housing crisis in Portugal has become a priority issue, aligning with what is happening in...
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These are the main measures, briefly described here:
Summary of Decree-Law No. 10/2024 , of January 8, which aims to Simplify Licensing.
Urbanism: License deletion: Creation of new cases of prior communication and exemption from prior control. Exemption from licenses for interior works that do not affect the stability structure, which aim to increase the... View more
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
Let's be clear, without housing credit it would not be possible for many Portuguese people to enjoy a basic right: to have a roof and adequate living conditions. The ECB has just announced measures that will increase the cost of this credit. And warned that more increases are coming!
After a 0.5% rise in July, a 0.75% rise in the ECB's key rates follows. The...
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This is related to the ruling issued by the Supreme Court of Justice (STJ), reported today, which cancels the possibility of coexisting, in the same building, permanent and temporary housing . In other words, the Local Lease no longer has a legal framework that supports it, if the property targeted by the AL License does not provide for its use for tourist purposes.
The...
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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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