In an era where everyone demands the right to housing, where some demand it and others don’t know how to deliver, where there is a lot of market analysis, speculation, and many stakeholders, where each defends their point of view, but no consensus is reached, there is one crucial and transversal theme to all of them – the reduction of VAT in construction.
The reduction of VAT in construction is a topic that has been debated for many years, and for which its representatives have always defended as essential to contributing to the economic health of this sector.
“The truth is that there has never been a housing crisis like the one being felt at this moment in our country. A crisis where no one is to blame, but everyone is a victim.”
After the subprime crisis and the subsequent financial crises, which also altered and affected the financial stability of Portugal, due to the phenomenon of globalization and geopolitical conflicts, the truth is that there has never been a housing crisis like the one being felt at this moment in our country.
A crisis where no one is to blame, but everyone is a victim.
But why the insistence on the reduction of VAT in construction? The impact of this measure would be immediate, with a reduction in construction costs and subsequent stimulation of the increase in supply and the eventual reduction, not only in the final acquisition price, but also in the taxes associated with it, especially IMT and Stamp Duty.
Not that there aren’t other measures with equally interesting and valid expected results, but, yes, the reduction of VAT was a fundamental pillar for the reform of housing in our country to be more than just a success – a reality.
