Porto Council refuses Local Accommodation license for Diocese hotel near the Cathedral

Porto City Council officially denied a Local Accommodation (AL) license for a hotel project planned by the Diocese at the Major Seminary of Nossa Senhora da Conceição. The council's decision, finalized on August 18, is based on municipal regulations that designate the historic center as an area of restriction for new AL licenses, deeming independent hotel activity incompatible with the site's primary function.

State Budget 2027: Government forecasts further increases in 3-month Euribor and 10-year interest rates

The government's 2027 State Budget proposal forecasts that the 3-month Euribor rate will rise to 3.4% in 2027 (up from an estimated 2.5% in 2026), and 10-year euro area interest rates will reach 3.8% (up from 3.5% this year). These projections are based on future market expectations as of mid-September, reflecting a continuing restrictive monetary policy by the European Central Bank to control inflation.

Correio da Manhã· 14m agoRead original ↗

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Housing

2027 State Budget: Government maintains 303 million euro state revenue loss from housing tax package

The 2027 State Budget proposal maintains a projected 303 million euro reduction in state tax revenue from housing measures. Key components include a 94 million euro impact from reducing VAT on construction to 6% and a 209 million euro impact from lower IRS tax rates for landlords offering 'moderate' rents up to 2,300 euros.

Correio da Manhã· 2h agoRead original ↗

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Porto Council refuses Local Accommodation license for Diocese hotel near the Cathedral

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