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Government admits ‘improvements’ to local housing supply

Secretary of State for Tourism, Commerce and Services Nuno Fazenda acknowledged this Saturday that the government’s proposal for local housing, included in the More Housing program approved this week, could be improved like others.

“Of course, this is a proposal and we have a public comment period. Public debates are held precisely for this reason, they must collect proposals, recommendations, discuss. Then there are also parliamentary debates in the Assembly of the Republic. … improvements in this and other proposals, so there is a public debate in the sense of improving and enriching the proposal,” Nuno Fazenda said in a joint interview with Antena 1 and Jornal de Negócios when he addressed the issue of local housing (AL).

On Thursday, the Prime Minister unveiled a package of measures estimated at 900 million euros to respond to Portugal’s housing crisis in five areas: increasing the supply of real estate used for residential purposes, simplifying licensing processes, increasing the number of houses on the rental market, combating speculation and protect families.

Measures aimed at stimulating the rental market and streamlining and encouraging construction include the abolition of golden visas, government replacement of the tenant and the payment of rent three months late, the obligation to offer a flat rate home loan banks, and the suspension of new local housing licenses. .

The Secretary of State for Tourism, Commerce and Services stressed in an interview the need to “strike a balance between Los Angeles and housing, because without residents, there is no tourism.”

“The DNA of tourism is residents. And so we must ensure reconciliation and balance between what AL is and housing. To ensure that this is tourism with authenticity, that there is real tourism, where the DNA of the tourism of the inhabitants is,” he said.

The Mais Habitação program, approved this week by the Council of Ministers, stipulates that the issuance of new local housing licenses is “prohibited”, except for rural housing in municipalities in the interior of the country, where they can stimulate the local economy. .

In addition, existing local siting licenses “will be subject to reassessment in 2030” and periodically every five years thereafter.

Property left in AL will be asked to make a special contribution and the income will go to IRHU (Institute for Housing and Urban Rehabilitation) to fund housing policy.

On the other hand, the state intends to involve landlords in the transfer of their property in Los Angeles for housing.

Owners who move their homes out of local housing by the end of 2024 and put them on the rental housing market will be exempt from the IRS on rent until 2030.

To take advantage of the IRS rent exemption, homeowners in local residences will have to put them on the rental market between February 2023 and the end of 2024, according to the government.

The Mais Habitação program will be discussed by the public for a month. The proposals will return to the Council of Ministers for final approval on March 16, and then some measures will still have to pass through the Assembly of the Republic.

Author: Portuguese
Source: CM Jornal

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