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.
Vacant homes would be sufficient to accommodate rising demand, says Bank of Portugal
Portugal is among the European countries with the highest share of second homes and vacant dwellings, although this proportion has fallen slightly in recent years.
