Enacted on July 25, Decree Law No. 48-A/2024 introduces a significant exemption from the Municipal Property Transfer Tax (IMT) in Portugal. The primary goal is to reduce the financial burden on families, particularly those purchasing homes for the first time or in lower-income brackets. The law applies to properties intended as permanent residences, ensuring housing accessibility and encouraging ownership. To qualify, buyers must meet specific criteria related to income levels and the value of the property.
This exemption is part of a broader governmental strategy to stimulate the housing market by making home purchases more affordable, especially for young buyers. By removing or reducing this tax, the decree aims to help individuals and families achieve homeownership with fewer barriers, while also supporting the real estate sector.
At Algarve Property.com, we understand that finding your perfect home is more than just a transaction; it's a life-changing journey. With our expertise and personalized approach, we're here to guide you every step of the way, ensuring your real estate dreams become a reality. Whether you're buying, selling, or investing, trust us to provide the support and dedication you deserve.
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