New Hope for Housing: Government Open to Land Law Revisions

The Minister for Infrastructure and Housing, Miguel Pinto Luz, reiterated on Wednesday (January 22, 2025) that the government is “completely open to having a serious discussion” about the land law, expressing a willingness to “adapt and improve it.” Speaking during a parliamentary hearing requested by the Left Bloc (BE) to address changes to the Legal Framework for Territorial Management...

Government Plans New Proposal to Cut Construction VAT

The government is finalizing a draft law to reduce VAT on housing construction, lowering it from the standard rate of 23% to the reduced rate of 6%. This initiative follows the rejection by the opposition of a legislative authorization included in the 2025 State Budget (OE2025). The proposed legislation aims to create conditions to increase the availability of homes targeted at the middle class, as...

EU Housing Prices Surge: Portugal Records 2nd Highest Quarterly Increase in 2024

House Prices Rise in the EU: Portugal Records the Second-Highest Increase Housing prices increased by 1.4% in the Eurozone and 3% across the European Union (EU) between July and September, according to data from Eurostat. Annual OverviewIn the third quarter of 2024, housing prices rose by 2.6% in the Eurozone and 3.8% in the EU, with Portugal registering the second-largest quarterly increase at...

Everything You Need to Know About Modular Homes and Legislation in Portugal

In recent years, modular homes have gained increasing popularity in Portugal, attracting those seeking a modern, sustainable, and cost-effective alternative to traditional construction. However, before embarking on the journey of purchasing or building a modular home, it’s essential to understand the laws and regulations governing this type of construction in Portugal. This article outlines the key...

Portugal: 7th in Europe for Soaring Housing Prices in 2024!

Portugal ranked as the 7th European country with the highest increase in housing prices in 2024, according to the European Residential Report, published by BNP Paribas Real Estate in collaboration with Worx Real Estate Consultants. Across Europe, residential prices rose by an average of 2.9% in the second quarter of 2024, with 21 out of the 30 countries analyzed reaching new record highs. In addition...

Rural Land Prices Set to Rise, Impacting Housing Supply

The availability of land suitable for building affordable housing in Portugal is anticipated to increase soon, following municipal efforts to rezone rural land into urban plots. However, the new land law, while aiming to regulate housing prices, does not impose any caps on the cost of rural land. This has led real estate experts consulted by idealista/news to voice concerns that the rezoning of rural land...

ECB Vice-President Says Interest Rate Cuts Are Guaranteed

Luis de Guindos, Vice-President of the European Central Bank, confirms the trajectory of interest rate cuts as inflation aligns with targets. Learn about recent decisions and market expectations for 2025. The Vice-President of the European Central Bank (ECB), Luis de Guindos, stated during an event organised by the Madrid Business Forum that no one knows "what the end" of the current monetary policy...

Californians’ Growing Interest in Portugal

The AGCP office, which supports foreign investors in establishing themselves in Portugal, has recorded a 50% increase in interest from North Americans, particularly those coming from California. “Many are looking for a plan B, whether to relocate permanently or obtain a residence permit, particularly the Golden Visa, which gives them the freedom to leave if they feel the need,” stated co-founder...

Living in Óbidos: how the medieval town compares to Coimbra

With cobblestone streets and ancient walls, Óbidos is the perfect setting for those who want to live in a town full of history. Obidos Óbidos is known for its impressive wall that surrounds the historic centre, its narrow streets with Portuguese cobblestones and its whitewashed houses with touches of blue. This town is a popular tourist destination and also a place where history intertwines with...

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