€4bn earmarked to support affordable housing
The Development Bank has budgeted €4 billion in guarantees to finance construction, refurbishment and support for housing cooperatives aimed at delivering more affordable homes, according to reporting on the plan. Observers note the measure fills a recent policy gap after a year with few sector‑specific supports and is intended to leverage private lending. Those looking for affordable purchase or cooperative housing should monitor forthcoming programme details and application windows.
The Development Bank in Portugal refers to the state-backed development institution, Banco Português de Fomento (Portuguese Development Bank), which provides financing tools, guarantees and co-investment for strategic public-interest projects. In the housing context it can issue guarantees and support loans for construction or refurbishment of affordable homes and for housing cooperatives, so budgeted sums from the bank directly affect affordable housing schemes.
Development Bank to help build 23,170 homes in 236 municipalities; investment of €2.67 billion
The Development Bank will help municipal councils build 23,170 homes with an investment of €2.67 billion, Gonçalo Regalado, the chief executive of the Development Bank, told ECO. These were the applications already submitted for the support that will be granted under local housing strategies, one of the measures that the ...
Portugal rental market expanded
Home News Portugal rental market expanded Portugal rental market expanded The rental market in Portugal has expanded rapidly over the past few years, driven by a growing need for affordable housing. However, profitability is not uniform across the country.
Lisbon: Socialist Party wants to require developers to allocate space for public housing
In Lisbon, the Socialist Party (PS) is proposing measures to oblige property developers to reserve space in new projects for public housing, aiming to increase the availability of affordable homes.
Affordable housing coming to the Algarve
Home News Affordable housing coming to the Algarve Affordable housing coming to the Algarve The Vale da Pipa Residence is an affordable housing project in the municipality of Lagoa, in the Algarve, which can now proceed to the final phase of the subdivision approval process, following the signing
New Alentejo funding approval
Home News New Alentejo funding approval New Alentejo funding approval The European Commission has approved the reprogramming of the Alentejo 2030 Regional Programme, adding new priorities such as defence, water, affordable housing, and skills for decarbonisation.
Affordable rental properties in Porto
Home News Affordable rental properties in Porto Affordable rental properties in Porto Porto council has announced that applications for the municipal affordable housing program are permanently open, allowing interested parties to apply at any time to access housing with below-market rent.
Portugal’s housing challenge and the sustainable solutions shaping a new way forward
Home Property Portugal’s housing challenge and the sustainable solutions shaping a new way forward Portugal’s housing challenge and the sustainable solutions shaping a new way forward Portugal’s housing shortage has become one of the most pressing social and economic issues of recent years, affec
3h. IL calls for tax cuts and affordable housing
On social media, the president of the Liberal Initiative, Mariana Leitão, set out her wishes for Christmas, highlighting two priorities. Also, André Ventura calls for an emphasis on Christian values at Christmastime.
Housing: Former Socialist Party minister points to 'evident correlation' between government measures and rising prices
Marina Gonçalves, former Housing Minister in António Costa's government, says the record rise in house prices seen between July and September is one of the effects of the AD (Democratic Alliance) government's housing policies. She argues that Luís Montenegro's administration and the Housing Minister should follow the course recently outlined by the European Commission, which last week presented the European Plan for Affordable Housing.
What Unites and Divides Portugal and Brussels' Plans in the Fight Against the Housing Crisis
The European Commission presented the European Affordable Housing Plan on Tuesday, a response to the housing emergency that has arisen across the continent, reflected in a significant rise in house prices in most EU countries in recent years. With an annual investment of 150 billion euros during ...
EU unveils first-ever plan to combat housing crisis, rein in short-term rentals
The Commission's first-ever Affordable Housing Plan also frees up public cash and slashes red tape to build new houses.
EIB doubles funding for affordable housing in the EU to €6 billion
The European Investment Bank (EIB) announced on Tuesday that it will increase the funding available for affordable housing in the European Union (EU) to €6 billion next year, focusing on innovation, rehabilitation, and new construction. "We are strengthening investment in housing to €6 billion in 2026, driving ...
EIB doubles funding for affordable housing in the EU to €6 billion
The European Investment Bank (EIB) announced today that it will increase the funding available for affordable housing in the European Union (EU) to €6 billion next year, focusing on innovation, rehabilitation, and new construction.
Brussels wants houses rebuilt and an end to the 'boom' in local accommodation and speculation
The European Commission aims, in the new European Union (EU) plan for affordable housing, to focus on the renovation of buildings, particularly vacant ones, and to put an end to the 'boom' in local accommodation and real estate speculation to address the housing crisis.
European development banks pledge €375 billion for housing by 2029
National and regional development banks in Europe have committed to injecting €375 billion into social, affordable, and sustainable housing over the next three years. This announcement coincides with the launch of the first European Affordable Housing Plan presented by the European Commission.
"Intense Crisis". European Commission Presents Plan for Affordable Housing
A Eurobarometer survey from the European Parliament highlights that access to housing is one of the biggest issues in Europe.
Brussels proposes limits on short-term rentals to promote affordable housing
The European Commission will propose on Tuesday a relaxation of EU state aid rules and limits on short-term rentals to promote access to affordable housing within the community, with Lisbon being one of the most pressured cities. Due to the severe housing crisis in the European Union (EU), the European Commission will present a Plan ...
EU presents first plan for affordable housing
The European Commission presents measures to protect European families from the housing crisis. Sakharov Prize: two journalists imprisoned in Georgia and Belarus are awarded today.
Viseu City Council terminates contract with contractor for student accommodation
The Viseu City Council decided on Friday to terminate the contract with the contractor who was converting three buildings on Rua do Gonçalinho into affordable accommodation for higher education students. At the end of the municipal executive meeting, the socialist mayor elected in October told reporters that this decision (which was unanimous) ...
How will the 6% VAT work in construction?
The construction or rehabilitation of properties for permanent and affordable housing will have a 6% VAT, and the details of the government's proposal, including the implementation of this measure, have now been revealed. There are deadlines for putting the houses on the market and rules for calculating their value for this purpose. Negócios journalist Filomena Lança explains.
Gouveia e Melo praises government measures for housing
The presidential candidate visited the Calhariz de Benfica University Residence and a building for affordable rental housing that is still under construction.
Government approves reduction of VAT from 23% to 6% for moderate-priced housing construction
The Council of Ministers has approved a tax cut in construction and rental, reducing the rate from 23% to 6%, a measure valid until 2029 aimed at promoting affordable housing.
6% VAT on affordable housing construction to apply to projects from October
The government approved two legislative authorization proposals on Friday with additional measures to mitigate the housing crisis. The Council of Ministers gave the green light to two bills aimed at reducing bureaucracy through the new Legal Regime of Urbanization and Construction (RJUE) and tax reductions.
