The Minister of Infrastructure and Housing, Pinto Luz, specified this Thursday, September 25, 2025, that the moderate rent limit has a range between 400 and 2,300 euros, with no municipal limits, to ensure transparency.
According to ECO, Miguel Pinto Luz clarifies that "it's a value that solves the problem for 90% of the country and addresses most of the areas under greatest pressure—the Lisbon metropolitan area, the Porto metropolitan area, and some municipalities in the Algarve—and that solves this problem of immediate price pressure. If I rent a property below the €2,300 threshold, my IRS rate goes from 25% to 10%. Therefore, it's a very strong incentive, but it doesn't stop there."
After conducting a "thorough analysis" of what's happening in several cities across the country, such as Lisbon, Porto, Oeiras, Loulé, Cascais, Vila Nova de Gaia, and Matosinhos—where there's "greatest pressure on housing," the official believes that "with incomes up to €2,300, we're moving directly into the middle class."
In his view, a family earning €5,750 per month is considered middle class. "Only in Portugal would this family be considered a wealthy family. Because we're talking, I repeat... about two engineers, a professor and a female engineer, two doctors, two nurses, a male nurse and a female doctor," Pinto Luz said, quoted by the same newspaper.
These values have no municipal limits, a situation that was "considered," but which Luís Montenegro's government decided to abandon to be more transparent, Pinto Luz clarified during a meeting with journalists in Lisbon.
As the minister explained, this range allows all rents to be included, although he acknowledged that in the districts of Lisbon and Porto, there are rents above the maximum.
"We will have policies for all classes, from households that can't afford anything to those that can afford something," the minister assured at the meeting, which was also attended by Secretary of State for Housing Patrícia Gonçalves Costa.
On September 25, 2025, the government announced a set of measures for housing rentals.
Specifically, for moderate-income families, it determined that the tax deduction will be 15% up to a maximum of 900 euros in 2026, increasing this limit to 1,000 euros in 2027.
For landlords, for example, the IR (Individual Income Tax) rate is expected to be reduced from 25% to 10% on rental contracts for moderate-income housing.
Criticism
According to the concept announced by the Government and quoted by CNN, José Fernandes Martins, lawyer and spokesperson for the Northern Portugal Tenants and Condominium Association, has already responded, "It's a disgrace. Saying that a rent of 2,300 euros is moderate or that a house costing 600,000 euros will solve the housing problem is playing games with the Portuguese."
For the lawyer, the situation is clear – most families are far from reaching the benchmark values set by the Government. "If the average salary is around 1,000 euros, how can you pay rents of 2,000 or 2,300 euros? It's impossible."
The reaction that 2,300 is more than many can afford, is missing the point.
There are high rents, low rents, medium rents. There are single bedroom homes, 4 bedroom homes, rural and city homes.
The point is to stop punishing landlords, and instead start to reward investments in residential rental property.
If this law is passed, and if investors have confidence that it will be maintained, buy to let suddenly becomes profitable in Portugal.
Yes, some people will make a profit; is that bad?
WIth an increased housing supply, choice will increase and price will decrease. That's just basic economics.
It will take a few years. Building takes time.
Those who want to complain that things need to be fixed overnight will be disappointed, as always.
By mark Holden from Algarve on 27 Sep 2025, 22:44
The objectors are missing the point; this is not rent control that establishes what tenants will pay. It's a stimulus measure to spur investment.
And if implemented, it will actually work; unlike so many populist measures in the past, which were only about punishing capitalists and had no hope of reducing the long term rental housing shortage.
Investors are not the enemy, they are the ones with the means to solve the problem.
If they can make a profit of course.
By mark Holden from Algarve on 29 Sep 2025, 18:05