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Real Estate

New law prohibits citizens from buying more than one house in centralities

The new law that dictates the rules of access to real estate built with public money, establishes that citizens who have acquired more than one house built with public money will have to hand over to the state one of the properties. The new law also dictates that citizens will not be reimbursed if they have already paid any of the installments or rent of the property that will pass into government hands.

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"Any citizen who has benefited from more than one dwelling built with public funds, is obliged to return the property to the promoter or manager of the project, without the right to return to any benefit or rent already paid", can be read in the presidential decree no. 278/20 of 26 October, cited by the Expansion.

The law also establishes that the entities, both public and private, that have allocated properties built with public funds should send this information to the National Housing Institute to create a database.

"This unique database will serve to verify the existence of beneficiaries, with more than one dwelling, and will serve for the State to recover such dwellings, without prejudice to civil and criminal liability".

The contract of sale between the citizen and the State may be terminated if six monthly instalments are missing, if it is found that false documents have been presented to gain access to the dwelling or if the property is being used for means other than those previously established, the law provides.

Albano Pedro, a lawyer, in declarations to the Expansion, explained that the law will only apply to new cases, since it makes no mention of existing cases. In the eyes of the jurist, the regressiveness of the law should be expressed in the document itself.

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