Tax relief for landlords to cost the State 209 million euros

New tax breaks for property owners and developers, including reduced taxes for landlords and a lower VAT rate for construction, represent a total loss of 303 million euros in state tax revenue, with the landlord relief alone accounting for 209 million.

Why it mattersWhile this signals a policy shift intended to incentivize the rental market and construction, these fiscal changes do not provide immediate direct relief or new processes for tenants; they represent institutional economic measures that may influence the availability of housing over time.

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· 35m agoRead original ↗

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Housing

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.

Observador· 1h agoRead original ↗

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Tax relief for landlords to cost the State 209 million euros

This update is from Bica

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