SANA Hotels Group Moves Ahead with Luxury Hotel in Vila Nova de Gaia
8 March 2021 – Ana Custódio The SANA Hotels group is preparing to construct a five-star luxury hotel in the centre of Vila Nova de Gaia. The group will build the hotel on Rua Camões, near Praceta Salvador Caetano and Avenida da República, in the centre of Vila Nova de Gaia, according to the Gaia […]
Increase in the Number of Municipalities offering IMI Discount for Families
24 February 2021 According to Portugal’s Ministry of Finance, last year saw an increasing number of municipalities opt to provide discounted IMI rates. A total of 253 local governments, up from 235 in 2019 (+7.7%), now offer the benefit to families with dependents. The benefit was first granted in 2016. The Family IMI is a […]
Almost Half of Population in Portugal to Benefit from Reduction in IMI Rate in 2021
8 January 2021 According to a list of fees sent by Portugal’s municipalities to the country’s Tax and Customs Authority (TA), property owners in 84 different municipalities will see a reduction in their IMI rate for 2021 for properties held December 31, 2020. The regions include some of the country’s most populous municipalities, even as […]
Impact of the Changes in the 2021 State Budget on the Property Sector in Portugal
December 22 2020 – Ana Custódio The State Budget for 2021, which was approved on November 26, will have a series of effects on the real estate sector. The final version of the document that came out of Parliament contains some alterations from the Portuguese government’s initial proposal, and some of the changes may pose […]