Housing crisis

Portugal’s Minister who represents territorial cohesion, Manuel Castro Almeida says the government is to “increase the supply of land” to build affordable homes for Portugal’s middle classes. On [...]

A government bill which would have reduced VAT on construction projects for affordable housing to 6% has been rejected by the Portuguese parliament. The measure was part of other measures [...]

The Portuguese government announced this week that construction may be allowed on rural land providing municipal councils involved do not object. The decision announced by the Council of [...]

Portugal’s government has pledged to embark on a programme of building affordable housing for rent at controlled building costs. And so it was fitting and timely that the Secretary of State for [...]

The average price of family properties sold in Portugal rose by 6.6% in the second quarter, compared to the first three months of the year and the same period in 2023, concludes Portugal’s [...]

The government has authorised the Housing and Urban Rehabilitation Institute (IHRU) to invest €2.011Bn under its 1st Law — Support Program for Access to Housing, in order to help alleviate the [...]

The Portuguese government will more than double the public offer of housing, compared to plans from the previous socialist government led by António Costa, on the back of the Recovery and [...]

Portugal’s construction, engineers, architects and economists associations have joined forces with 14 of the country’s leading construction companies to form a Construction Foundation. The [...]

Young people will still have to put down a 10% deposit on their first home in most municipalities in Portugal despite a government backing to cover 100% of their mortgages. In other words, under [...]

The government has approved IMT property tax exemption and stamp duty for young people for the purchase of their first home. The approval was announced after a Council of Ministers meeting on [...]