Housing
Luís Montenegro reaffirms implementation of €10 billion housing plan
The Prime Minister reaffirmed the government's commitment to a €10 billion housing strategy, funded through the PRR, the State Budget, and EIB agreements, aimed at creating 133,000 homes. The strategy relies on accelerating municipal licensing, streamlining urban planning rules, and applying a 6% VAT rate to construction projects, measures which the government states are now in force.
Why it matters
While this is a restatement of existing government strategy, it confirms that measures like the 6% construction VAT and simplified licensing are active, which may affect property development costs and permit timelines for residents involved in construction or renovation.The Portugal NewsRead original ↗
