House rents per square metre increased by 1.9% in December compared to the same month of 2020, a figure identical to the previous month
in Property, Algarve · 13 Jan 2022, 20:53 · 1 Comments
Rents also recorded an average annual variation of 1.8% in 2021, the National Statistics Institute revealed.
The Algarve saw the biggest rise in rents, at 2.2%.
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People should realise the government gives monstrous tax break to landlords.
They only have to pay tax on 25% of their short term rental income.This is a disgrace and has totally destroyed the long term rental market for many ordinary people, by making it impossibly expensive to rent.
Why on earth should the already poor be subsidising the greedy rich?
Many of whom dodge taxes as well.
By James from Algarve on 14 Jan 2022, 07:22