There are almost 50,000 more houses paying Additional IMI in 2019, the tax on properties with a fiscal value exceeding €600,000. Last year, the number of homes covered by AIMI rose by 10%. In 2019, there are 47,134 more properties paying the levy. This growth earned the state €139.6 million, eight million more than a year earlier.
The Algarve and the Lisbon Metropolitan Area were among the regions with the most significant increase in employment in the EU in 2017. Eurostat recently released data confirming that 253 EU regions, representing 90% of the total, registered a rise. In 26 other districts, employment decreased and in two others, remained unchanged.
There are approximately 2,100 Local Lodging Units in Madeira, corresponding to about 8,500 beds. There has been significant growth in this type of holiday offering, with 430 new registrations in just the past five months. Despite its strong position in the local tourist market, Local Lodging is not perceived to be a threat to Madeira hotels which continue to perform better than ever in recent years.
The number of overnight stays in tourist establishments has grown in all regions of the country between 2013 and 2016. Overall demand increased in the North and Alentejo, rural tourism in the Central Portugal and Local Lodging in Lisbon, according to the National Statistics Institute.
Attacks from around the EU are challenging the Non-Habitual Residency Programme. The achievements of NHR are reflected in the numbers: between 2009 and 2012, the annual average was just one hundred applications. By 2013, requests climbed to 1,000. As of 2016, following legislative reform, registrations jumped to over 6,000 with tax breaks attaining €166,000,000, according to Ministry of Finance statistics. From 2010 through 2016, a grand total of 13,687 NHR applications were processed. 2017 is proving to be no exception, seeing exponential growth in demand. Over 80% of applicants are pensioners and the balance come from highly value added professions.
Lisbon and Porto saw the number of properties registered in the local housing increase by 3,400 and 1,300 respectively in 2016. In a new trend, the largest growth took place outside of the historical neighborhoods, where the supply doubled. Lisbon closed 2016 with 6,800 registrations, twice as many as it had in 2015. Of the 13,000 new registrations nationwide, many were due to legalization of irregular situations that already existed rather than brand-new offerings.