At the beginning of 2023, the government consulted with all segments of the population to better understand which housing measures were most necessary and which needed to be improved.

In this way, a series of proposals were presented. Do you want to know more about what they are? Understand what measures the government plans to apply or restructure in relation to housing in Portugal?

Therefore, although it is no longer possible to give an opinion and express your opinion in relation to each of them, it is still possible to understand the possibilities open for change this year and for the next!

So, let's check out some of the items on the list of government measures and housing plans for 2023!

So, let's start by talking about mandatory leasing. This is a measure that provides for unused housing to be leased to the State for sublease! However, there are some catches!

In fact, forced leasing is already legal in Portugal and the owner already has some time to put the property into use. The first reason not to put mandatory leasing into practice is if the property belongs to emigrants!

Furthermore, if the address belongs to someone displaced for health reasons and professional or training reasons, such as being in a social facility or home, mandatory renting is also not practiced!

This is one of the government's measures for housing, which provides financial assistance for paying rent.

According to this government proposal, all families with contracts signed until December 2022 can receive income support. This support goes up to a limit of 200 euros and can be renewed for a maximum of 5 years.

However, it will suffer a constant reduction in value. However, only households with effort rates above 35% could participate in this program.

Furthermore, income must be up to the sixth bracket. So in the first year the difference is 35%, after 40% and until the end of the 5-year period, 45%!

Firstly, with the rise in interest rates, banks and financial institutions must maintain a fixed interest rate on mortgage loans! This way, this makes access fairer.

Furthermore, the government's new proposal provides financial support for everyone who takes advantage of a housing loan and has suffered from rising interest rates. In fact, the affected loans will only be those prior to 2023.

So, only for people in the household with income up to the sixth income bracket of the IRS. Furthermore, only loans with a value of less than 200 thousand euros will undergo any changes. The higher values remain.

Another of the government's measures for housing is that, from that year onwards, the issuing of local accommodation licenses will stop and cease to exist!

Furthermore, all those who already have a license will be reevaluated by 2030! In fact, everyone who removes their house from this modality and rents it will benefit.

Thus, one of the main benefits is the exemption of income from the IRS until 2030 in an attempt to compensate for the drop in revenue expected in these cases. However, those who remained must make a special contribution!

After three months of non-compliance, the State plans to assume payment of rents. However, each situation must undergo an individual assessment.

In this case, you can charge the tenant the amount according to the forms available today.

Furthermore, if the lack of payment is due to lack of funds, the appropriate measures will be taken by Social Security, aiming for the well-being of everyone. In this case, the State assumes the role of supporting the tenant!

Currently, the added value that arises from the sale of properties in certain circumstances can reach taxation of up to 50%.

However, in this specific situation, the government is committed to creating a tax exemption in the IRS in the case of the sale of houses based on the capital gains on sales to the State or municipalities!

To increase the number of houses and residences in affordable rental for everyone through the PAA program, the government intends to create a fee of 6% for works on housing in the program!

In addition, an IMI exemption of three to five years is expected, in addition to an IMT exemption!

Among the government's measures for housing is the reduction of the special IRS rate in the case of contracts lasting up to two years. So, from 28% currently, the rate would drop by 3%.

It is worth noting that in the case of longer contracts the reduction already exists, and for those longer than 20 years, from 10% it drops to 5%!

In an attempt to stabilize rents in new contracts, one of the government's new measures for housing is for houses that have been on the rental market for more than 5 years.

In this case, these houses cannot exceed 2% of the initial rent in the new contracts!

To conclude our list of government measures for housing, we can mention the change in relation to commercial and service properties.

This way, it will be possible to convert these types of properties to rental housing without having to undergo any type of reevaluation or license modification, making the transition easier!

Now that you know that there is the possibility of creating stability in interest rates on housing loans through government measures, how about finding out about some credit possibilities?

Credit for young people from Novo Banco is a way to start your life in a new home with the help of your family. The conditions that Novo Banco offers are ideal!

So, don't waste time and come and discover all the facilities and affordable prices for those who don't yet have a solid income!