With the PRR deadline ending in June, local authorities are abandoning new construction projects in favour of purchasing existing homes directly from the market.
Municipal councils are buying ready-made houses to avoid losing PRR funding
Thursday, 12 March 2026RSS
Context & Explainers
The Recovery and Resilience Plan (Plano de Recuperação e Resiliência) is Portugal's national programme under the EU's NextGenerationEU to fund reforms and investments after COVID‑19; the plan includes roughly €16.6 billion in grants plus about €2.7 billion in loans approved in 2021. Payments are tied to specific milestones and targets — which the government said it is politically committed to meet — so missed milestones can delay projects and funding that affect public works, contractors and local services.
