Minister of Infrastructure and Housing Miguel Pinto Luz announced that 100,000 young people have purchased homes in the last 18 months. The minister attributed this to the implementation of municipal property tax (Imposto Municipal sobre Imóveis or IMT) and stamp duty exemptions. He emphasized that the policy targets the middle class, with average transaction values around 200,000 euros.
Minister claims 100,000 young people bought homes recently
Thursday, 14 May 2026AI summary
Context & Explainers
The property transfer tax (Imposto Municipal sobre Transmissões Onerosas de Imóveis), commonly called IMT, is a one‑off tax paid when you buy real estate in Portugal and its rate depends on the property’s price and type. The exemption referenced by the finance minister lowers upfront costs for eligible young buyers, making it an important affordability measure for people trying to enter the housing market.
