NEW HOUSING LAW IN PORTUGAL 2020

&amp;NewLine;<h2 class&equals;"wp-block-heading">Housing law in Portugal&amp;comma; what's new<&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>September means back to work, and October means legislation&amp;period; A new wave of laws&amp;nbsp&amp;semi;will be put in place that will have a real impact on citizens and businesses alike&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Among the measures included in the Housing Act, the government has highlighted the following <strong>Programa Nacional de Habitação e da Carta Municipal de Habitação<&sol;strong>&amp;comma; and the&amp;nbsp&amp;semi;<strong>proteção no despejo e a integração do direito à habitação nas políticas de erradicação de pessoas em condição de sem-abrigo<&sol;strong>&amp;period;&amp;nbsp&amp;semi;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The government has also amended the law allowing banks to foreclose on property for non-payment &amp;lpar;under certain conditions&amp;rpar;&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Being a homeowner without having to buy seems impossible&amp;well, now it's possible in Portugal&amp;period; António Costa's Socialist government has finally approved <a href&equals;"https&colon;&sol;&sol;www&period;idealista&period;pt&sol;news&sol;imobiliario&sol;habitacao&sol;2019&sol;02&sol;15&sol;38789-governo-cria-novo-contrato-de-habitacao-vitalicio-e-aposta-no-arrendamento-acessivel"><strong><span style&equals;"text-decoration&colon; underline&semi;">Direito Real de Habitação Duradoura &amp;lpar;DHD&amp;rpar;<&sol;span><&sol;strong><&sol;a>&amp;period;&amp;nbsp&amp;semi;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The aim of the DHD is to offer the tenant the possibility of obtaining a permanent form of housing for life&amp;period; To do this, the tenant would have to pay an initial deposit and then a monthly rent&amp;period; We could compare this form of acquisition to the French viager&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading">New taxes on investment<&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>From&amp;nbsp&amp;semi;October 1&amp;nbsp&amp;semi;2019&amp;comma; the&amp;rsquo&amp;semi;Municipal Property Tax Amendment &amp;lpar;IMI&amp;rpar; which puts an end to the confidentiality of land adjoining your property&amp;period; This means that&amp;nbsp&amp;semi;lawyers&amp;comma; bailiffs and notaries&amp;comma; will once again be able to consult the matrices of their clients' neighbouring plots&amp;period;&amp;nbsp&amp;semi;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Still on the subject of IMI&amp;comma; the government is studying the proposal to revise the location coefficients&amp;comma; the government is expected to validate this revision at the end of October, with implementation in 2020&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Since the promulgation by the President of the Republic in August&amp;comma;&amp;nbsp&amp;semi;changes related to investment companies and real estate management&amp;nbsp&amp;semi;&amp;lpar;<strong><span style&equals;"text-decoration&colon; underline&semi;"><a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;les-sigi-booste-immobilier-portugal&sol;">SIGI<&sol;a><&sol;span><&sol;strong>&amp;rpar;&amp;nbsp&amp;semi;&amp;nbsp&amp;semi;were also&amp;nbsp&amp;semi;published in the Official Gazette&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading">Condominium trustees will be required to hold a reserve account<&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The new law on housing in Portugal has regulated the activities of condominium managers and requires them to have and use a "condominium management system".<strong>a reserve account<&sol;strong>&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>In addition, condominium managers will be able to benefit from preferential conditions for access to renovation and urban renewal programs, particularly in terms of thermal and acoustic comfort, energy efficiency and accessibility for people with reduced mobility;<&sol;p>&amp;NewLine;