Real Estate

Sales of accommodation in Lisbon and the Algarve fell 2,1% and 0,9% in March

In the month in question, in the country about six households were sold for every thousand classic family households, a value that compares with the 6,15 of March 2019 and with the 6,6 of February 2020, according to a highlight of the INE released today.

Accessible Leasing Program registers 160 contracts among more than 9.000 applications

The Affordable Leasing Program (PAA), in operation for 11 months, records 160 active contracts, among the 591 properties registered by the owners and the 9.317 applications submitted by tenants, the Ministry of Infrastructure and Housing said today.

Finance Portal with 250% increase in registration requests and real estate revaluation

The number of applications for registration and revaluation of properties for the purposes of the Municipal Property Tax (IMI), which in 2019 were submitted to the Finance Portal increased by 250,4%, totaling 45.502.

Finnish group invests 30 million in development in Algarve

This investment will be made in Villas Alcedo, a set of 12 luxury villas located on a land adjacent to the Viceroy hotel of Ombria Resort, in Loulé. The construction of the first villa is scheduled to start this summer.

Office market with transaction breaks in April

In Lisbon, the number of trades fell to 37 compared to 55 in the same period of 2019. In the city of Porto, the total volume of absorption fell by 85%.

About 900.400 taxpayers pay less than 100 euros of IMI

Ministry of Finance indicated that, of the total of IMI collection notes issued this year (for the tax related to 2019), “about 670.508” contemplate the payment of a third installment, so this number corresponds to a higher value tax to 500 euros.
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