With the entry into force of Law no. 56/2023 of 6 October, which approved new measures under the Mais Habitação (More Housing) Programme and introduced significant changes in the real estate sector, an annual extraordinary contribution will now apply to flats and lodging establishments integrated in an autonomous fraction of a building allocated to Local Accommodation with reference to 31 December of each calendar year.

This new tax arises from the negative externalities in the housing market and its implicit social cost, which is aggravated by the scarcity of housing properties in certain urban areas. It essentially aims to contribute to the development of housing policies, with a view to increasing the supply of properties on the market for permanent housing purposes and financing public housing policies.

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