Build Portugal, New Strategy for Housing
2024-05-13
THE PORTUGUESE GOVERNMENT PRESENTS TO THE PUBLIC A NEW HOUSING PROGRAM:
The full Construir Portugal Program can be downloaded here: New Housing Program
The "Construir Portugal, Nova Estratégia para a Habitação" (Build Portugal, New Strategy for Housing) program aims to address housing issues with a comprehensive approach, segmented into specific areas:
Incentives for Developers: Policies to accelerate the approval processes for housing projects and financial incentives to stimulate private sector participation.
Public Housing Expansion: Commitment to increasing the number of affordable housing units through new construction and conversion of existing structures.
Rental Market Stability: Legislation to protect tenants and landlords, aiming to create a more stable and fair rental market.
Legislation Streamlining: Efforts to simplify the bureaucratic procedures involved in housing development to expedite construction.
Support for Young People: Special programs targeting young adults to aid them in acquiring their first homes, which may include financial assistance.
Accessibility Enhancements: Focus on making new housing developments more accessible and energy-efficient.
What does this mean for investors?Involvement in public housing projects could be a stable investment given the government’s commitment.
New tenant-landlord legislation could make the rental market more predictable and secure for long-term investment.
Financial incentives for developers could reduce costs and increase profitability on new housing projects.
Simplified legislative processes will likely reduce the time and cost associated with bringing new properties to market.
Programs aimed at assisting young people to buy homes could increase demand in certain market segments.
Investing in properties that meet new energy standards might attract a premium from environmentally conscious renters or buyers.
Properties designed to be accessible could access a wider market, including ageing populations and those with disabilities.
The push for modernised housing could benefit investors who are prepared to innovate in construction techniques and materials.
The "Construir Portugal" initiative is transforming the housing market with exciting investment opportunities.
Don't miss your chance to benefit from fiscal incentives, streamlined processes, and more.
Book your free consultation with us today to learn how you can capitalise on these changes.
Together, we can navigate the evolving landscape and pinpoint the best investment strategies tailored for you.
Act now and make informed decisions that will shape your future!
Note: The insights shared in this newsletter are based on our experience and understanding of the Portuguese property market at the time of writing. They are provided for general information only and are not a substitute for personalised financial, legal, or tax advice. Regulations and market conditions can change, and outcomes may vary depending on individual circumstances. We always recommend consulting with qualified professionals before making investment decisions.