The Belgian group Thomas & Piron is developing three residential projects in Portugal totaling 432 million euros. The largest, 'Clarissas' in Sacavém, is valued at over 300 million euros with completion expected in 2035; the 'Gaia Hills' project in Vila Nova de Gaia is underway, and 'Docks Matosinhos' is nearing completion with all units sold.
Your quick shot of what's changing in Portugal and affecting your status, your home, your money, and whatever might disrupt your day. Short and clear updates, gathered from Portuguese sources.
No signup. No app download. Nothing to pay.
Read today’s briefing
Opposition parties have announced a series of proposed amendments to the upcoming State Budget, focusing on VAT cuts for fuel and food, tax deductions for mortgage interest, lower retirement ages, and wealth taxes. The government has warned that any added measures must be fiscally neutral to avoid a budget deficit. The budget proposal is scheduled for parliamentary debate on October 27 and 28, with a final vote set for November 24.
The state-backed mortgage guarantee scheme has been in operation for two years, resulting in over 40,000 signed contracts worth a total of 8 billion euros.
Winegrowers in the Douro Demarcated Region can apply for exceptional income support for unharvested grapes from 28 September until 12 October. The 12-million-euro scheme provides non-repayable grants to producers who leave grapes on the vine, provided the plots are identified in an online application to the Douro and Port Wine Institute (IVDP) and remain unharvested until inspection.