After an estimate by INE, the cabinet will assess whether measures need to be taken at the level of the rental market

The housing minister said on Thursday that the government will assess whether or not to take action on the rental market, based on data released by the National Institute of Statistics (INE).

“Today we know the latest data from INE. The government will now assess whether we have taken measures or not. It is now necessary to assess the different proposals, the different possibilities that we have on the table. Then we will be able to say whether we have made some progress or not,” said Marina Gonçalves.

The minister traveled to the city of Fundão, in the district of Castelo Branco, on Thursday to visit a building with 23 housing units that the municipality will acquire under the National Emergency and Temporary Housing Exchange, as well as houses in the historic area of ​​the city which will be rehabilitated under the First Law and the National Urgent Accommodation Subsidy.

According to data released by INE on Thursday, According to the August inflation figures, the value of rents could increase by 6.94% in 2024 if the government does not impose a cap on the updates, as it did this year.

According to data from INE, the average change in the price index, excluding housing, over the past 12 months to August was 6.94%, a value that serves as the basis for the coefficient used for the annual update of rents for the next year. , under the New Urban Lease Regime (NRAU), which amounts to an additional EUR 6.94 for every EUR 100 of rent.

“What we have said at the moment and what we continue to say is that above all we must stay abreast of the rental market and find more structural and more cyclical solutions within the rental market. Next,” said Marina Gonçalves.

The minister also emphasized that the indicator applies to the year 2024.

“We have this period now. It will be an evaluation, as soon as possible also to give some stability to the rental market from January. But we always have this time frame until the end of the year to make the decision because there is only a impact even on the rental market in 2024,” he concludes.