A decree-law, approved on Thursday by the Council of Ministers, changes the Legal Regime of Territorial Management Instruments (RJIGT), exceptionally enabling councils and municipal assemblies to create new housing areas on land compatible with the urban area.
The process simplifies the availability of land, as this decision will depend solely on city halls and municipal assemblies, without the need for approval by other bodies.
However, at least 70% of these houses will have to be sold at “moderate prices”, resulting from the national median and the local median, because they are intended to increase the housing supply for the middle class, the government highlighted in a statement.
“This measure will increase housing construction in all municipalities, ensuring that homes are affordable for middle-class families and, at the same time, profitable for companies in the real estate sector. The lack of land has been one of the main causes of the high cost of housing”, considered Manuel Castro Almeida, Deputy Minister of Territorial Cohesion, cited in the statement.
City halls continue to have to respect the specificities defined for national agricultural and ecological reserves.
For example, construction remains prohibited “on units of land with high suitability for agricultural use, under the terms of the National Agricultural Reserve”.
“As for the National Ecological Reserve, the fundamental natural values and functions continue to be protected, as well as the risks to people and property”, is highlighted in the approved diploma.
Also mentioned in the statement, the Minister of Infrastructure and Housing, Miguel Pinto Luz, considered that the measure “will promote greater social equity by allowing more housing construction and, consequently”, increasing the supply of affordable homes.
Pinto Luz highlighted that “solving the country’s housing problem is a national urgency” and assured that the Government “is committed to implementing the measures of the Construir Portugal program” so that everyone has “access to decent housing”.
Really?
I think this is a horror story about to unfold.Giving unchecked power to Camaras is about as dangerous as you can get.It means backhanders and pay offs will decide what land gets permission.Where are the check and balances?
Once again another government showing how the only investment one should have is bitcoin.Everything else is subject to counterparty risk!
Owning immoveable property in Portugal is a fools game.
By James from Algarve on 02 Dec 2024, 11:58
30% of the land can be sold to the wealthy who don't need housing. Why oh why? I think this will invite corruption and the estate agencies having a desire to deal with the wealthy until the 30% is exhausted. I think this new directive will have very little goid impact.
By Dijon from Madeira on 03 Dec 2024, 10:04