“A AICCOPN welcomes the government’s announcement of new measures to address the housing crisis positively. Despite not yet knowing the full details of the initiatives announced […], it believes their implementation must be swift and effective,” stated the association in a communication.
The association further mentioned that the measures announced today reflect, to a large extent, the proposals it has been presenting over the years.
However, it emphasized that the success of these measures depends on their rapid execution, the clarity of the criteria, and their coordination with complementary measures, namely, “the strengthening of new construction, the focus on urban rehabilitation, and the mobilization of public and private assets for housing purposes.”
Today, at the end of the Council of Ministers, Luís Montenegro announced that the government will lower the VAT rate to 6% for the construction of houses for sale up to 648,000 euros or, if for rental, rents up to 2,300 euros – a fiscal regime that will be in effect until 2029.
Furthermore, the minimum VAT rate of 6% will also apply to the “construction and rehabilitation of buildings” for rentals up to the value of 2,300 euros.
Montenegro also decreed an increase in the Municipal Property Transfer Tax (IMT) for the purchase of homes by non-residents in Portugal, excluding emigrants.
