IMT property transfer tax
Latest articles about IMT property transfer tax
The COVID-19 pandemic has been awakening a new interest in areas of Portugal that are less densely populated. And there is now good news for those who are thinking of changing their lives and replacing life in the city with less urban areas.
Everything indicates, except in the case of unexpected surprises, that the Portuguese will benefit in 2020 from an increase in purchasing power, thanks to improved economic conditions and falling unemployment, together with an expected rise in wages, on average, above inflation.
The difference between buying a house in Portugal being a resident or not depends on the purpose of the house. If you buy a house to live in Portugal, you are buying a permanent home and are a resident, but if you do not live in Portugal and you buy property there it will count as a second home.
29 new luxury apartments are due to be built at number 95, Avenida da República in Lisbon and because of its status as a classified property, the buyers of any future apartments there will be exempt from having to pay the IMI and IMT property taxes.
Much has been said about the importance of foreign investment in the current dynamism of the real estate market in Portugal.
Buying a house can be a real headache, whether it’s your first time or you’re an old hand. Ever ready to help, idealista guides you through the 12 simple steps you’ll need to follow to buy your dream house in Portugal.
Urban regeneration is not only in vogue, it's here to stay. It’s a sector that has also introduced a new dynamic to the Portuguese real estate market.
The Municipal Property Transfer Tax (Imposto Municipal sobre a Transmissão Onerosa de Imóveis or IMT) is a tax on onerous transfers of properties in Portuguese territory.
Buying a house can be a long and complex process, with a lot of official hoops to remember to jump through. In order not to forget a thing, you can use this comprehensive checklist to tick these vital steps off as you go.
The cost of buying a house is more than just your monthly mortgage payments. Before that, experts recommend that you save at least 13% of the value of the property to help with the following costs:
Expenses with or without a mortage, in new and used properties