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Real estate

"More Housing" will cost over 2.25 billion by 2027

20 MEI 2023
Onderwerpen
Portugal Rendas Mais Habitação Despesas Bonificação Juros
Only the measures to support the rents of families with effort rates above 35% represent more than half of the total value of the estimated budget.
"More Housing" will cost over 2.25 billion by 2027
Source: Freepik
Author: Redaction

Presented in February and currently under discussion in Parliament, the "More Housing" will have a budgetary impact of at least 2,290 million Euros between 2023 and 2027. At the time it was presented, Fernando Medina had said that this would have an expected cost of 900 million euros, however, this refers only to the impact of the budget foreseen for 2023.

This was an analysis based on the projections of the Stability Programme for 2023 and 2027, and the costs associated to the programme will be distributed in a divided manner among fiscal measures, support to house rentals, interest subsidy, financing lines for affordable rental projects and financing line to support municipalities in carrying out coercive works in vacant properties. 

Allocated to each of these measures are:
  • Fiscal measures, such as the reduction of IRS rates on rent: €440 million, between 2024 and 2027;
  • Measures to support rents: €1,250 million, from 2023 to 2027;
  • Measures to subsidise interest on housing loans: 200 million euros in 2023;
  • Measures for the creation of financing lines for affordable rental projects: €250 million;
  • Measures for the creation of financing lines to support municipalities to carry out works in vacant houses: 150 million euros. 
Since the full costs of the measures whose approval is still pending are not yet known, besides expenses with the purchase of land and real estate, it is possible that the costs associated with "More Housing" are even higher than the estimate.

Continue to follow issues related to Housing in SUPERCASA Notícias
Onderwerpen
Portugal Rendas Mais Habitação Despesas Bonificação Juros
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