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The government confirms that there will be no slowdown in rent growth

This Thursday, the Council of Ministers approved the automatic renewal of the income benefit of 4.94% for families up to the sixth level and with a rate of up to 35% to mitigate increases caused by inflation. This increase will occur automatically and will cover 185 thousand families.

IRS contributions for remaining contracts will increase by 50 euros next year, from 502 euros to 552 euros.

This measure was announced by Housing Minister Marina Goncalves following a meeting of the Council of Ministers, which approved a decree-law that strengthens emergency support for families in paying rent.

This 4.94% increase is aimed at mitigating the impact of the statutory formula rent renewal, which will result in a 6.94% rent increase in 2024, according to the inflation rate that serves as a guide.

Author: Lusa This João Reis Alves
Source: CM Jornal

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