Housing
Porto City Council promises to quadruple affordable housing and announces IMI increase of "up to ten times" for vacant houses
Porto's City Council plans to quadruple the number of affordable housing units in the city and intends to increase the Municipal Property Tax (IMI) by up to 10 times for vacant properties to combat housing unavailability. The city's housing councillor called for faster action from the national government to deliver tangible results on the ground.
Why it matters
If you are a property owner in Porto with vacant housing, you may face significantly higher IMI rates, and if you are looking for affordable rental options, the council's commitment to increase supply could eventually expand your housing prospects.ExpressoRead original ↗
