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The Christmas season does not translate into home sales.  The annual IMI payment is to blame

The Christmas season does not translate into home sales. The annual IMI payment is to blame

A study by Imovendo revealed that 85% of respondents disagreed with the fact that they would have to pay municipal property tax for the entire year of 2023, with more than half of respondents preferring to wait until January to buy a home.

The Christmas season is not synonymous with selling homes in Portugal, and 85% of respondents in a study by Imovindo blame the fact that they will have to pay municipal property tax for the entire year of 2023.

Of these 85%, more than half assume they would prefer to wait until January to buy a home, with 65% seeing this time as not conducive to selling properties and 46.2% expecting to receive fewer communications at this time, if they have their own needs. House for sale.

On the other hand, 77.5% of respondents indicated that at this time of year, home buying and selling takes longer. Although houses in Portugal, especially in Lisbon, are indeed more expensive than in other European locations, this is not reflected in the quality of housing.

As such, 90% of respondents indicate that Portuguese homes are cool, while 75% point to heating as the most important factor for living this season.

The size of the house was rated by 35% of participants, the temperature of the house (42.5%), and the location of the house (22.5%) as the characteristic they considered most important when choosing where to spend Christmas.

11,000 people participated in this survey and it was conducted between December 15 and 18 to understand the impact of the Christmas season on the real estate market.

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