João Duque: "It's unfair that buying a luxury car costs practically nothing while a home, which is essential, costs so much"
The OECD recommends that Portugal lower the IMT (property transfer tax) and raise the IMI (municipal property tax), particularly for vacant homes. The recommendations come at a time when parliament approved a package of measures intended to help resolve the housing problem. We analyse the impact on the property market with economist João Duque. Listen to the podcast here.
OECD recommends that the Government raise IMI
The increase should be targeted mainly at vacant homes, and a reduction in IMT (property transfer tax) should also be implemented.
Government indicates IMT exemption benefited 70,000 young people
The government says that an exemption from IMT (the property transfer tax) benefited 70,000 young people.
Housing: Socialist Party proposes raising IMI on vacant properties, increasing IMT for foreign buyers and allowing councils to borrow to build
The Portuguese Socialist Party (PS) intends to increase the municipal property tax (IMI) on unoccupied properties, raise the property transfer tax (IMT) applied to foreign purchasers, and enable municipal councils to take on debt to finance housing construction.
