More Housing: summary guide of the new measures approved

The Government's More Housing program was voted and approved in the specialty this Thursday (July 6, 2023) in the Assembly of the Republic, having also been voted proposals for amendment of the various parties with parliamentary seat. And Parliament has given the green light to a number of initiatives - some more and some less controversial. From vacant houses to gold visas, through Local Accommodation (AL) to taxes, idealista/news has prepared a summary guide on the legislative package through which António Costa's Executive intends to respond to the housing crisis.   

Forced leasing of derelicts advances, but will be "exceptional"

The deputies approved, in particular, the regime that frames the forced lease of vacant houses. With the new law, the owners of houses that have been vacant for more than two years and are located outside the interior of the country will have 90 days to respond after being notified to do works or give use to the fraction.  

Government admits to reviewing support for rents and housing credit

The Government will clarify "in its own diploma" the rules for calculating access to income support, after the PS has withdrawn its interpretative rule. On the table are also possible changes to the rules of bonuses in housing loans.

End of approved golden visas

The Government's proposal to end new residence permits for housing investment has also received the green light from the Assembly of the Republic. With the entry into force of the new law, no new applications for the granting of golden visas will be admitted, which will not affect the possibility of renewing the authorizations already granted.

IMT exemption for construction of affordable income houses

The deputies of the working group on Housing, within the Committee on Economy, Public Works, Planning and Housing also approved the measure that grants exemption from IMT to the purchases of land for construction intended for the construction of housing properties in which most of them affects affordable tenancy, among other requirements.

Limits to the increase in the rent of new contracts

The initial rent of the new leases of houses that have been on the market for the  last five years will not be able to exceed the value of the last rent of the previous contract. The value of the initial income of the new contracts can be applied the coefficient of 2%, according to the draft law of the Government.

In the case of properties subject to "deep remodeling or restoration works, duly attested by the City Council", the initial rent of the new leases may be added "the amount related to the corresponding expenses borne by the landlord, up to the annual limit of 15%", adds the approved proposal.

Extraordinary support in housing cannot be attached

Extraordinary  support such as income support or subsidised interest cannot be pledged. The measure, approved during the votes on the specialty, results from a proposal for an amendment presented by the PS, having been made possible without votes against, with the abstention of the Liberal Initiative and the favorable vote of the other parties.

IRS and IRC exemption for rents of houses that leave the AL

Landlords who remove homes from local accommodation by the end of 2024 and place them in the housing lease will have IRS or IRC exemption on rents until the end of 2029.

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