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    IMOnews - OE Law Proposal for 2018. Know the main measures for the real estate sector

    The proposed State Budget Law for 2018 (LOE 2018) provides for changes in the level of tax benefits, namely for rehabilitated urban buildings or for 'stores with history', and grants the Government authorization to legislate on the lease program accessible.

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    IMOnews - Owners of David Rosas buy ex building. BES on Avenida dos Aliados

    The property known as Casa Navarro building, located at the end of Freedom Square, is being transformed into a hotel. The owners of the well-known brand of jewelery and watch shops, David Rosas, bought the emblematic building of the former BES, located at Avenida dos Aliados, worth more than seven million euros.

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    IMOnews - PS Bill proposes portability of real estate appraisals among the various banks

    The Parliamentary Group of the Socialist Party (PS) presented in mid-October a bill that provides for the portability of property valuation reports between the different financial institutions and the withdrawal of regulatory powers to the Bank of Portugal.

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    IMOnews - Reduction of IMI in leased buildings

    The IMI is the municipal tax on the taxable value of rural and urban properties located in Portuguese territory and constitutes revenue for the municipalities where they are located.
    The rule dictates that this tax applies to all rural and urban buildings, however, some exceptions are provided for in the law, under which the applicable rate may be reduced or, in some cases, even exempted (cf. , as an example, Article 44 of the Statute of Tax Benefits).

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    IMOnews - The city centers are being rebuilt to the rhythm of T0 and T1

    The "financialisation" of urban housing is imposing small typologies on rehabilitated buildings. Architects call for rehabilitation care and argue that it must be possible to return to these fractions when the tourism boom slows down. The Government's strategy, which is currently under public consultation and advocates a "New Generation of Housing Policies", advocates "promoting the rehabilitation of buildings" and stimulating "the rental market for permanent housing" in urban centers.

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    IMOnews - The role of scientific management in the sustainable development of cities

    The awareness of municipalities about the need to define a sustainability strategy is now a reality, and for this purpose, the application of internationally recognized standards is crucial. The demographic, technological, economic and environmental changes that have taken place over the last few years severely impact the planning and management of cities. More than half of the world's population already lives in urban areas, so it is urgent to make cities increasingly resilient and smart, so as to ensure, in the long term, effective sustainable development and quality of life for its citizens.

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    IMOnews - The time has come for real estate developers to return to major projects

    Real estate projects are returning to the country. After the crisis several promoters took out some projects that were on paper and began to build. It was the case of RAR Imobiliária that decided to move forward with some of its portfolio, namely the first one here in Lisbon. Quinta do Paço, in Lumiar, has the signature of the architect Eduardo Souto de Moura and a year after its launch, José António Teixeira, CEO of RAR Imobiliária reveals that the project is already 40% sold, that is, seven houses in a total of 17 to be built, when not even the works started.

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    IMOnews - Transfer of mortgage credit prevents the deduction of interest on the IRS

    Households with pre-2012 mortgage loans who choose to transfer the loan to another bank entity lose the ability to deduct IRS loan-related charges.

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