Source: SUPERCASA Author: Redaction Renowned for its mild climate, green landscapes and enormous botanical gardens, Madeira Island has unique and extremely appealing characteristics, whether to visit on holiday or to live full time. Its wonderful landscapes conquer admirers every day, in an intense contact with the unique nature of this very special place. And if you are a resident and looking for a new property, or even if you are thinking of moving your life to this place, SUPERCASA presents you some suggestions that will certainly please you. The cost of living in this island is extremely affordable, considerably lower when compared to life in mainland Portugal, and therefore, it is also easier to find housing. And this is just one of the many advantages, as when you move to Madeira, to one of the four islands of the archipelago, you will have at your disposal a set of essential assets for a peaceful and comfortable life. Traffic is extremely calm, theres a huge range of healthcare and shopping facilities and, for those who love outdoor sports, theres plenty of choice. And then, if you want to learn about the islands culture and heritage, there are plenty of places to visit! Some of the most interesting and must-see places are Pico Island, trips on the Funchal cable car, the Lavradores Market or a stroll along the black sandy beaches. If you have surrendered to this idyllic picture, take a look at the properties that await you on the island of Madeira! Detached House 5 Bedrooms in Machico This villa is the ideal investment for those looking for a spacious, bright, equipped and high quality finishings house. It has an annex villa, which can be used as office space, so its perfect for those looking for a home business, with enough space to open a business, right in front of the house! At the entrance you will find a beautiful garden, with fruit trees that give it privacy, and the villa itself is divided into three distinct floors. The garage is huge, with space for four cars inside and outside, and with a wine cellar and adjoining room that you can use as a games room, with a bar. There are many features of this property, which you can read in the full ad here . And see also the illustrative video, the virtual tour and all the photos! House 3 Bedrooms +1 Triplex in São Martinho, Funchal This property is inserted in a closed condominium, standing out for its spacious areas, tranquil location and huge garden. Outside, you will benefit from a large swimming pool, available whenever you feel like a swim and, although it is a semi-detached villa, this property is extremely quiet, giving the feeling of being a detached villa. The kitchen is fully equipped and has access to the outside, where you will find the barbecue area and patio, which will encourage you to gather your friends and family. As for the interior areas, the finishings are of extreme quality and the architecture is refined and modern. And if you still have any doubts, this villa is very close to schools, services and good accesses, for those seeking not only the city life, but the peace and quiet of the area in which it is inserted. See the complete ad here , where you can see all the photos, the virtual tour and the video of the property. 1 bedroom flat in Funchal Suitable for those looking for a modern house with excellent materials, this flat is located right in the centre of Funchal and brings together features such as private parking, air conditioning, equipped kitchen and large and bright areas. By choosing this flat, you are joining a condominium that offers incredible benefits such as swimming pool, gym and bars, where you can enjoy a dynamic and quiet life. Below see the illustrative video of the property and, in the full ad here , see all the photos, floor plan and virtual tour. Read also: Homes of the week in Lagos or Barceló Hotel Group opens a new hotel in Funchal
Source: Freepik Author: Redaction Data from the National Statistics Institute reports increases in the Commercial Property Price Index (IPPCom) , which despite registering 0.9 percentage points less than in 2021, will have risen 4.2% last year. According to the entity, following the trend of what has been happening since 2016, commercial properties have maintained a pace of growth of their prices much lower than that observed in the housing market, having been registered last year 12.6%. The INE points out in its statistical report: The housing market, described by the evolution of the IPHab [Housing Price Index], recorded a higher increase in prices than commercial properties, similarly to what has been happening in recent years (...) the IPHab increased by 12.6%, 8.4 percentage points above the rate of change of the IPPCom. The rise is associated, according to the Institute, with the acceleration observed in residential property prices over the last year, in which growth was up 3.2%, as well as a reduction in the rate of growth of prices in the commercial property market, with a reduction of 0.9 percentage points. All this will have resulted in a significant increase in the differential between the growth rates of the two indicators, which rose from 4.3 percentage points in 2021 to 8.4 percentage points in 2022. More families are buying homes while fewer commercial properties are being transacted With regard to total housing transactions, which in 2022 amounted to 167,900 transactions, 22,385 had to do with the acquisition of housing for the remaining institutional sectors, while households acquired 145,515 units. Thus, it is possible to observe an increase of 2.7% in acquisitions made by households, compared to 2021, and a reduction in purchases made by the other institutional sectors, of 6.5%. With regard to housing rents to other purchasers, from which families are excluded, a total of 4.5 billion Euros is pointed out, which represents 14.2% of the total and an increase of 12.4% compared to the same period of the previous year. On the other hand, the value of housing sales to families stood at 27.3 billion euros, 13.2% more than in 2021. If this subject interests you, you can also read: IHRU will sort 21 houses in Accessible Lease
Source: Pexels Author: Newsroom Negotiating better home credit conditions with a financial institution can contribute to a lower financial effort that families will have to make every month to pay the monthly mortgage payment on their home. This way, in the long run, the money that you can save every month can contribute to the anticipated liquidation of your home mortgage. SUPERCASA News gives you here some tips to help you negotiate better conditions for your new mortgage: 1. find out what are the interest rates currently practiced in the market: Before starting the negotiation, it is important to research the interest rates practiced by the market and the credit concession conditions offered by other financial institutions. By doing this research you will know the average interest rates charged. Make a comparison between the conditions presented to you and the new information you have gathered. 2. Find out what your credit profile is: Before you go ahead with the credit application, take into consideration that having a good credit history may help you negotiate better terms in the negotiation process with the financial institution. Consult the Bank of Portugals liability center and check your bank records. Through this statement of responsibilities you can access centralized information on your banking involvement up to the month prior to the consultation: existence of savings, salary account, credit cards, personal credit, default situations, etc. 3. Invest a higher down payment: The larger the down payment you can provide, the lower the interest rates will be. Therefore, it will be easier to negotiate better conditions when accessing credit. This is because your personal investment in credit will not only reduce your effort rate, but it will also contribute to reduce the amount of your monthly payment. After all, the delivery of equity in a credit application process always represents an additional guarantee for any financial institution. 4. Negotiate with more than one financial institution: Explore all your options. The credit offer in the market is very diversified, so you should explore all your options until you determine which one works best for you. Contact several financial institutions, request their credit simulations and compare the different offers. During the process of negotiating terms, use the offers you have been given by other financial institutions to reach the best possible terms. 5. Start prospecting for credit terms with your bank: If you already have a previous relationship with a certain financial institution - be it through a salary account, a credit card or a savings account - it may be worthwhile to first negotiate with this entity and thus try to get better conditions for accessing the housing loan. 6. When in doubt, hire the services of a credit intermediary: A credit intermediary can help you negotiate better credit terms with various financial institutions and find the best home loan options available for your profile. These professionals must be registered with the Bank of Portugal in order to provide advisory services, assistance, and credit contracts to individuals. 7. Be willing to negotiate: Keep an open mind during the negotiation process with financial institutions and try to be realistic about what is possible to achieve. When formalizing credit conditions with your bank make sure that the commitment you are making will be sustainable in the long term. Check the credit simulations and the various scenarios that anticipate new rises in the reference interest rates for home loans, such as the Euribor rate. Follow our tips and gather all the necessary information and documentation so that you can make the decision that best suits your reality. And always take into consideration the fluctuations that occur over the years in a long-term loan such as a home equity loan so that you are prepared for all scenarios.
Source: Freepik Author: Redaction If you havent paid your IMI yet, dont forget! The deadline for this ends on 31 May. The Municipal Property Tax applies to all owners of rural and urban buildings , with variations according to the patrimonial values of the properties. We remind you of the three payment modalities: In an IMI value up to 100€, it is completed in a single instalment, by 31 May. If your tax is over €100 and is less than €500, you can pay in two instalments, one in May and the other in November. If your IMI exceeds €500, you can choose to pay in three instalments: one in May, another in August and the last one in November. It is essential that you do not forget these deadlines, since exceeding the limits for payment will result in penalties, in addition to the addition of interest for late payment and tax charges. Therefore, the more you delay in paying, the more you will pay in fines. If you have doubts about how the IMI works read: Payment of IMI runs until the end of the month And, to learn about the consequences of not paying the tax: IMI 2023: consequences of not paying the tax
Source: Freepik Author: Redaction According to the National Statistics Institute (INE), between 2001 and 2005, in the municipality of Lisbon, 1,801 residential and non-residential buildings were constructed, a number around three times greater than that registered between the years 2016 and 2021 , and in these five years only 529 buildings were completed in the capitals municipality. Based on the number of residents in the capital, and when analysing the evolution of construction based on this variant, around 9.7 properties per 10 thousand inhabitants were built between 2016 and 2021, when twenty years earlier this ratio exceeded 32 properties per 10 thousand inhabitants . In the INE data, included in the report Statistics of the Physiological Movement of the Population of Portugal, it is possible to go even further back in time, showing that about 100 years ago, until 1919, about 8,322 buildings were built in Lisbon, when at that time there were 191 buildings for every 10 thousand residents of the municipality of Lisbon , in a population of 435,359 inhabitants. On the other hand, more properties were built in Porto than in Lisbon between 2016 and 2021, with 768 residential and non-residential properties completed in that period. Related news: Fewer buildings were built in 2022 or Only 2% of applicants get affordable housing in Lisbon
Source: Freepik Author: Redação The municipality of Matosinhos , through the housing company MatosinhosHabit, will promote a series of rehabilitation works in buildings with safety, health and precariousness problems. Contemplating PRR aid and promoted by the National Program 1st Right , the objective is to give an answer to those who live in undignified conditions , for this, making the co-participation, in several cases the totality of the investment of the interventions made. All residents who have problems with sewage, plumbing, electrical faults or damaged floors and belong to a household with a gross monthly income not exceeding EUR 1,921.72, with bank deposits of less than EUR 28,825.80 may apply for these rehabilitation works. To present their applications, the municipalities must present themselves at the MatosinhosHabit facilities, where they will find a specialised team prepared to guide the candidates and clarify any questions they may have, and will then take all the necessary steps throughout the process. And, after the application is presented, it is exposed to a technical evaluation, in order to assess the undignified habitability conditions. The Chairman of the Board of Directors of MatosinhosHabit states: with this campaign, we hope to generate adhesion to this programme and, in this way, rehabilitate the municipalitys housing stock (...) the great objective is and will always be to improve the living conditions of the citizens, relieve their expenses and promote social and territorial inclusion, within our action on the fundamental right to decent housing. If you are looking for a property in the North Region take a look at the selection of properties available in SUPERCASA . And for more news about Housing, go to SUPERCASA Notícias .
Source: SUPERCASA Author: Redaction For those looking for a place full of spacious and quiet options , in quiet neighbourhoods and close to great quality shops, green spaces and various cultural activities , the parish of Avenidas Novas is perfect! Especially for nature fans, with the possibility to conciliate the urban city side with the numerous green spaces of the city, youll have the best of both worlds. With all the beauty and harmony of Avenidas Novas, which is inserted in the municipality of Lisbon and offers its residents countless possibilities, your days will be pleasant and dynamic, being therefore the ideal place to buy a property. The conviviality in the area is impeccable , and probably in a very short time you will get to know all your neighbours and the local shopkeepers of the parish, by their friendliness and kindness. You will have a wide range of shops, restaurants, schools, pharmacies, newsagents and hairdressers, which will not force you to go to the big capital. If you were in doubt, and if the reasons described above were not enough to convince you, see below the selection of properties available in the SUPERCASA . You will certainly imagine yourself and your family in one of these houses! 2 Bedroom Apartment in Avenidas Novas With excellent finishings, this totally refurbished flat can be your next home! Its extremely bright, offering a fresh, spacious and very comfortable environment, and is inserted on a third floor, in a charming building well located and central, near several public transports, commerce, services, schools and accessible parking. The kitchen, besides being spacious, is equipped with washing machine and dishwasher, hob, oven and fridge. On the ground floor, you will benefit from a storage room. See, in the full ad here , the two plants, the virtual tour, all the photos and the illustrative video of the property. 3 Bedroom Apartment in Avenidas Novas This magnificent flat features a spacious terrace and two garage spaces, inserted in a private condominium with swimming pool and permanent security. Composed by a living room and dining room, family gatherings will have another flavour in this incredible space! For the hosts, who can receive their guests in great style, the flat has three suites with dressing room and a fully equipped kitchen, besides two balconies and a garden area. In terms of equipment, it has air conditioning, electric shutters, surround sound, double glazing, heated towel rails and a fireplace. If you have children, you can take them to the childrens garden, where they can have fun, not only, but also, in the common swimming pool, and benefit from a room just for them. For you, if you are looking to exercise, you can do it in the condominium gym. Well located, this property guarantees you a five-minute walk to the metro and the train station, and is extremely close to the various universities in the capital, in addition to the hospital, various commercial spaces and the airport. See all the photos, the virtual tour, the house plan and the full video in the ad here . 4 bedroom flat in Avenidas Novas Let yourself be dazzled by this brand new and charming flat, located in Saldanha in a building that has undergone total refurbishment with recourse to noble materials in the common areas. This flat, located on the penultimate floor and full of light, consists of a living room with terrace, fully equipped kitchen, suite with wardrobe and three spacious bedrooms. The kitchen and the living room can be connected by removing the wall that separates them, if you wish, and the finishings are of the highest quality, with noble covering and top of the range equipment. As far as access is concerned, located in a quiet, one-way street, it is in a flat area, full of cycle paths, cafes and terraces, restaurants, markets, public and public schools and all kinds of public transport, including two metro lines. Surprise yourself with this unmissable investment and check out the full ad , where you can see not only all the photos but also the virtual tour! Below, see the complete video of the property. See also other properties, in other locations, in the SUPERCASA !
Source: Freepik Author: Redaction It is already possible to deliver applications for the interest subsidy on residential credit , and the respective banks and creditors began last Tuesday to receive these requests, according to the Ministry of Finance. This is a measure contemplated in the More Housing Program, which aims to protect families through support that intends to mitigate the effects of interest rate rises. It acts retroactively as it takes effect from 1 January 2023 as explained by Fernando Medina: notwithstanding the date of application, the first payment of the bonus shall be retroactive to the months of 2023 in which the eligibility requirements are met. All families who have housing credits up to 250 thousand euros, concluded until the 15th pack of 2023 and, to be eligible, their effort rate must be equal to or greater than 35% of their annual income and belong, can apply for support, at most, the sixth tier of the IRS. Being eligible, they can thus make the request from their bank, through the channels that they make available for that purpose and, after that request, the bank or the creditor institution has ten working days to submit a response . If the conditions for acceptance are not met, banks must expressly state the reasons for this. Interest Subsidy: how does it work? This support can reach up to € 720.60 for each credit agreement and the subsidy goes up to 75% of the value of the provision of the property, despite being dependent on the income of the household, working with a 75% bonus for families up to the fourth tier of the IRS and a 50% bonus for those that fall in the fifth and sixth income bracket. If your application is accepted, regardless of the date on which the application was made, the first payment of the bonus will be awarded with retroactive to January, for credit agreements for acquisition, construction or works in own and permanent housing that have been contracted at a variable rate or that, having been contracted with a mixed rate, are in the variable rate period. The support will run until the end of the year, however, there is the possibility, according to the Government, of an extension if interest rates do not reverse their upward trend. If you need a practical guide to calculating the support you may be entitled to, read More Housing Program: find out how much you can save on your provision and continue to keep abreast of all the news related to Housing, through SUPERCASA Notícias .
Source: SUPERCASA Author: Redaction Known as the centre of the Port wine industry , the city of Vila Nova de Gaia is the perfect destination for those looking to settle down with their family or better half. The opportunities, especially if you are a young couple, will not be lacking! From a huge range of professional offers to services available, this location attracts and conquers by its characteristics. Besides being extremely close to the city of Porto , being only necessary to cross the river, you will have in this city breathtaking views, a great proximity to beaches and cultural attractions to visit. The people of Vila Nova de Gaia are extremely friendly and will not hesitate to help you should you have any questions, and residents say that to live in this city is to live in a permanent feeling of tranquillity and harmony. Take a look at the properties we have selected for you, to start imagining your move to this wonderful city in the district of Porto! 3 Bedroom Apartment in Santa Marinha and São Pedro da Afurada This flat, completely renovated and with large and bright areas, has a beautiful sea view, in addition to a garage where you can put two vehicles, you can live in extreme tranquility, knowing that you will have a doorman permanently. It is the ideal property for a family with children, since it is very close to the Arrábida Gardens, where you can take your children for a walk, and stands out for the generous areas, where there will be no shortage of space. The kitchen is fully equipped and has a laundry area. The floor is Afisélia wood in the social areas and bedrooms and the lighting in the hall and in the social bathroom works through sensors. It also has central heating, double glazing, electric shutters, high security doors and video intercom. You can consult the full ad here, see the video, the virtual tour, floor plan and photos of the property. Flat T2+1 Duplex in Mafamude and Vilar do Paraíso This exquisite property, well located in the heart of the city, is inserted in a development that will provide you a comfortable lifestyle and where you can relax. The commute home/work are assured by the proximity to public transport, which are only 50 meters away, and is surrounded by trade, services and restaurants, and can enjoy life in the city in all its grandeur. The level of finishes, this flat is completely new, equipped with lift, air conditioning, heat pump, sound insulation in the walls, video intercom, security doors and false ceilings with built-in focus. See the full ad here and take a look at the virtual tour, the video of the property and all the photos. 4 Bedroom Triplex Villa in Praceta dos Seixais This villa, which is currently being refurbished, has a bright garden with deck and a closed box garage. It is perfect for those looking for a good investment or a property of ample dimensions to make your life in full tranquility. Located in a cul-de-sac, with only four villas, it is an extremely quiet area and very close to the train station, in addition to beaches and all kinds of trade and services. The finishings are of extreme quality, it has lots of storage, fireplace, air conditioning, central heating, solar panels, interior and exterior alarm, security doors and energy certificate A+. In the basement you can have fun in the games room, which has a service bathroom, bar and lots of storage, and on the first floor there are three suites, all with balcony. On the ground floor, the dining room faces the pool, making your meals even more exclusive, and you will find a fully equipped pool. Dont miss this investment opportunity and check out the full ad, plus photos, floor plans of the property and virtual tour here . Below, take a look at the video of the property! .embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }
Source: Freepik Author: Redaction The Environmental Fund is responsible for the Vale Efficiency support , which arises under the RRP (Recovery and Resilience Plan) and works as an incentive and monetary support to increase energy efficiency in the homes of the most financially vulnerable families , in a goal that includes combating energy poverty. The Efficiency Valley consists of a support, in the form of a voucher, worth € 1,300 + VAT, which allows the purchase of equipment, materials or services that can improve the energy performance of the home, helping with problems such as air conditioning, electrical expenses or self-consumption. Who can benefit from Vale Efficiency? Firstly, in order to apply for this support, you must live in mainland Portugal, have an electricity contract and benefit from the Social Tariff for Electricity , since this is a support aimed at families with economic needs. Then, in order to be eligible, you must be the owner of the house where you want to intervene, being this your permanent address and not a social housing. The support is one-time only, i.e. you can only benefit from it once, and all the equipment, services or materials you use with Vale Eficiência can be acquired during one year , being the Vale Eficiência valid during that period. However, although you are not obliged to make all your purchases at once, you must always choose the same supplier, regardless of whether it is a one-off purchase or a phased purchase. What kind of interventions are covered by the support? Application for the installation of efficient windows ; Application for financing for the application or replacement of thermal insulation, either in the building envelope or for the replacement of entrance doors ; Application for thermal insulation in roofs or floors, external entrance doors, walls or flats ; Application for the installation of space heating and/or cooling and domestic hot water systems ; Application for the purchase of heat pumps, biomass boilers or solar thermal systems ; Application for the installation of photovoltaic panels or other renewable energy equipment for self-consumption. For any of these equipments, materials and installations the maximum energy efficiency is required, which should be at least or equal to energy label A. How can I apply? These are submitted online, directly through the Environmental Fund portal, by registering with information that identifies not only the applicant but also the property. It is necessary to indicate your name and full address , relative to the property where you want the interventions, and then you will be asked to submit your most recent electricity bill, as well as proof that you are a beneficiary of the Social Tariff for Electricity. You will also be asked for a valid email address. To submit the application you must provide your taxpayer number, submit the updated Caderneta Predial Urbana (CPU) of the building or fraction you are applying for and ensure that the owner mentioned in the document is the same person who is submitting the application. You will also have to report the inexistence of debts to the Tax or Social Security, either through certificates of no debt, or by consulting your tax and social security situation, directly in the application form. The process is completed once you accept the Declaration of Honour, attesting the veracity of all the information provided. To carry out this process you have until the 31st of May, with the deadline for the presentation of candidacies ending at 23h59 of this day. However, the deadline may end earlier, if the 20 thousand vouchers available for delivery are used up, since the evaluation is done in order of arrival of the applications, which may be accepted within five days after an email with the request to sign the Term of Acceptance. If your application is accepted, you must choose one of the adhering suppliers, which will, after submitting the application to receive the amount, give the beneficiary a voucher which he must use to purchase materials, services or equipment. However, if the purchases exceed 1300€, the beneficiary is obliged to pay the remaining amount. Does this topic interest you? Read also: Sustainable construction: A trend thats here to stay and Buying a home: Learn about the importance of energy efficiency
Source: SUPERCASA Author: Redaction If you are looking for an alternative to big cities, still maintaining the necessary proximity to have at your disposal all the accesses, establishments and diversity of leisure that you dont give up, the quiet parish of São Sebastião , in the municipality of Setúbal , is perfect for you! If, in fact, you are looking for a place to move, check here the selection of properties that SUPERCASA has prepared for you, but not before getting to know a little bit about this parish full of surprises. São Sebastião gathers an incredible community spirit, where people help each other and you will have, not only wonderful places to visit, but above all a place you can call home, in this pleasant location that is perfect for those who want to start a family or settle down. Very close to Praias do Sado, a locality in the municipality of Setúbal, you will have throughout the year, nearby, fairs and pilgrimages that celebrate the saints of the region. However, the strong argument for moving to São Sebastião is the delicious gastronomy , which combines the fresh products of the region with the humble customs of the community and its ancestors. If you are really convinced, take a look at the properties we have to suggest you: 3 Bedroom Apartment in São Sebastião With a magnificent sun exposure and energy efficiency to make the neighbours envious, this incredible flat is prepared with high quality finishings, in a construction which is recent and of extreme attention to detail. The areas are spacious and the building is very quiet, so it is perfect for those seeking tranquility and harmony. The view is extremely appealing, with a view over the mountains and Palmela Castle, and the kitchen is fully equipped. It also has a garage with space for one car and a large lawn where you can enjoy sunny afternoons. If you are interested see here the complete ad , with all the available information from the virtual visit to the video of the property! 6 Bedroom Villa in São Sebastião This is a spacious property that will make you want to move to São Sebastião immediately! It consists of two floors and has a spacious living room, a kitchen equipped with essential appliances and a master suite with built-in storage. On the ground floor you can enjoy a wine cellar and a multipurpose room with direct access to the outside and to the pool area, plus parking space for three cars. Among other assets, you will find the laundry room, several storage areas, two dining rooms and spacious and bright bedrooms. See all the photos available in the ad, here . 2 bedroom flat in São Sebastião This flat, totally refurbished and with brand new plumbing and electricity, is located in Bairro do Liceu in Setúbal, in a highly accessible and quiet residential area. It is inserted in an extremely quiet building and is characterized by having floating floor, PVC window frames and a fully equipped kitchen. It is the ideal property for a family or couple looking to move to a quiet and accessible area! The areas are spacious, bright and the finishes make this flat even more appealing. You can see below the illustrative video and see the ad, with virtual tour and photos, here .
Source: Freepik Author: Redaction What can happen if I dont pay the IMI? This is a question that may arise if for some reason you forget or do not have the means to make this payment. Now, the consequences are significant and it is not advisable to incur in an act of defiance if you are really thinking of letting this deadline pass. The State is very strict when it comes to this type of taxes and, unfortunately, the repercussions can range from a debt with interest to the seizure of the property. We explain everything. What happens if I do not pay the IMI on time? If you effectively arrive at the end of the established deadline without the payment of the IMI tax having been processed, the Finance Department will take action. The steps include the extraction of a debt certificate in your name, which then gives rise to a tax enforcement procedure . This is not good news at all, since you will be obliged to pay not only the amount of tax owed, but also the late payment interest and the processing costs , according to Article 121 of the CIMI. As soon as this debt certificate is extracted, you will receive at your home a notification from the IRS with a warning to regularise your situation within 30 days. Therefore, you have here a window of opportunity to solve the problem, in a voluntary way, being able to pay only the amount of IMI plus the costs of the process and late payment interest, within the stipulated period. However, if you do not regularise this situation within the 30 days for voluntary payment, without any reply from the Finance Department, you should prepare yourself because the interest on arrears will increase and you may even see your property being seized. If it is not a property for your own permanent residence, or if it is a property of great value, you should be prepared for the possibility of this property being judicially sold to extinguish the debt. Loss of the right to payment by instalments If you do not pay the IMI within the stipulated period, you will lose the right to its payment by instalments, according to Article 120 of the IMI Code. Therefore, the remaining instalments or annuities will fall due immediately after the default. Are there exceptions? Yes, and they are called exemptions . Without breaking the law, they can be granted by the Finance Department, either permanently or temporarily, by means of eligibility criteria, and the requirements are the following: Prove low patrimonial value of the property, which must be for the owners own and permanent residence or that of the family unit. Prove low household income. Now that you know these rules, dont forget to read the SUPERCASA Notícias and the article Payment of IMI runs until the end of the month to ensure payment on time.
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