The Left Bloc (Bloco de Esquerda or BE) has proposed a 'Caixa brake' to force the state-owned bank Caixa Geral de Depósitos (CGD) to freeze mortgage interest rate hikes for 12 months. During the party's political season opening, coordinator José Manuel Pureza also called for doubling the Additional Municipal Property Tax (Adicional ao Imposto Municipal sobre Imóveis or AIMI), often referred to as the 'Mortágua tax', to bolster Social Security funding.
Left Bloc proposes mortgage relief and tax hikes
Sunday, 30 August 2026AI summary
Context & Explainers
The Additional Municipal Property Tax (Adicional ao Imposto Municipal sobre Imóveis or AIMI) is an annual tax levied on the total value of residential properties held by an individual or company. It applies to assets exceeding €600,000, with rates ranging from 0.4% to 1.5% depending on the total value and the taxpayer's status.
6 sources
- Left Bloc wants CGD to halt mortgage interest rate hikes and double the 'Mortágua tax'cmjornal.pt ·
- BE moves forward with proposals for housing and Social Security supportpublico.pt ·
- BE wants to double the 'Mortágua tax' and launch a 'CGD brake'observador.pt ·
- BE presents housing package: 'Caixa' brake and doubling of the 'Mortágua tax'dn.pt ·
- Brake on Caixa. Left Bloc wants CGD to suspend housing interest rate hikesrtp.pt ·
- Left Bloc proposes 'Caixa brake' and wants to double the 'Mortágua tax'expresso.pt ·
