New Tax Breaks in Oliveira do Bairro Create Prime Opportunity for Foreign Investors
Foreign investors seeking high-return opportunities in Portugal's property market should turn their attention to Oliveira do Bairro. The municipality has enacted a new regulation offering powerful tax exemptions on property taxes (IMI and IMT) for urban rehabilitation projects, directly boosting the profitability of real estate investment and development in the region.
What Foreign Investors Need to KnowThis new legal framework is designed to make property renovation highly lucrative. "By waiving the property transfer tax (IMT) on the purchase of buildings older than 30 years and again on their first sale post-renovation, the municipality is effectively subsidizing investment in this sector," explains a tax advisor. "This dramatically lowers the upfront cost and increases the potential ROI for investors focused on value-add strategies. The ongoing savings from IMI exemptions further enhance long-term rental yields."
Actionable Steps for Today's Buyer- Target Rehabilitation Projects: Focus your property search on buildings over 30 years old or those within designated Urban Rehabilitation Areas to maximize tax benefits.
- Calculate Your Savings: Factor the IMT and IMI exemptions directly into your investment analysis. The savings can be substantial, potentially turning a marginal project into a highly profitable one.
- Act Swiftly: These benefits are conditional and temporary. Interested investors should engage with the Oliveira do Bairro Municipal Council promptly to ensure they meet all requirements and capitalize on this opportunity.
Explore opportunities with realestate-lisbon.com.
