Portugalās housing crisis: āno silver bulletā for complex problem
Many policies must come together to create a public housing policy, says Secretary of State for Housing Portugalās Secretary of State for Housing, PatrĆcia GonƧalves Costa, has admitted that the
Porto is Best European City for Investment Attraction
The city is seen as an important talent hub Porto has once again done well in Financial Timesā rankings, this time as the Best European City for Foreign Direct Investment
“Retail revolution”: shopping centres and supermarkets attract ā¬1.2 billion
Strong recovery of Portuguese market driven by good economic performance Portugalās retail real estate sector attracted ā¬1.2 billion of investment in 2024. This was more than double the ā¬585 million
Portugal is OECD country where it is most difficult to buy a house
This is the worst performance the country has ever recorded Portugal is the country in the OECD where it is hardest to purchase a home, the organization says. In fact,
Portugal Rally had a ā¬183 million impact on the economy in 2024
Tax revenue totalled ā¬22.6 million (ā¬13.6 million from VAT and ā¬9 million from IPS fuel tax) The Rally de Portugal 2024 edition generated an economic impact of ā¬183.3 million, an
Portugal has third highest increase in construction output in EU
Year-on-year, the country registered the fourth largest increase (5.1%) In December 2024, Portugalās construction sector enjoyed the third highest output in terms of projects in the European Union with a
Government committed to 6% VAT on construction for affordable housing
Minimum rate for housing rehabilitation and construction The Portuguese government has again confirmed that it will slash VAT on the construction or refurbishment of properties for affordable housing to 6%.
New land law āuselessā without VAT reduction ā developersā association
“It will solve a problem of lack of land supply, but we canāt build because of the tax burdenā – Hugo Santos Ferreira While welcoming reforms to Portugalās obsolete land
Portugal hits 100,000 electric vehicles on the road mark
“For the first time, there was a simultaneous decrease in petrol and diesel vehicles (-1.0% and -1.2%, respectively)” – INE There are an estimated 100,000 electric vehicles circulating on Portugalās
US keen to support lithium exploration in Portugal
The US administration is interested in finding partners, customers and funding for all lithium exploration projects in Portugal. According to newspaper PĆŗblico, the interest was recently expressed in Lisbon by