ARTICLE · 19 JANUARY 2022

Average Value Of Construction Per Square Metre In Force In 2022

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On 20 of December, Ministerial Order 310/2021 was published in the Portuguese official gazette, Diário da República. Under it, the average value of construction per square metre for ...

PortugalReal Estate and Construction

Francisco Lino Dias

Rita Alarcão Júdice

Serena Cabrita Neto

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On 20 of December, Ministerial Order 310/2021 was published in the Portuguese official gazette, Diário da República. Under it, the average value of construction per square metre for the year 2022 was set at €512, for the purposes of article 39 of the Municipal Property Tax Code (Código do Imposto Municipal sobre Imóveis - CIMI).

Article 39 of the CIMI refers to the base value of properties, which is considered in the calculation formula to determine the official taxable value of a property, which, in turn, is used to calculate the Municipal Property Tax (IMI).

The determination of the official taxable value of urban properties for housing, commerce, industry and services results, as established in Article 38 of the CMI, from the following expression:

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