Relevant news on real estate, construction and architecture, selected by Ama Grupo Imobiliário®.
The proposed 2027 State Budget provides for a reduction in VAT on housing from 23% to 6%, a cut in the tax rate on moderate rents to 10%, and the retention of tax benefits for first-home purchases. The Government also announces an increase in public housing supply and continued investment after the PRR.
Real estate Government Portal
The governor of Banco de Portugal considers the current pace of construction insufficient and estimates that the country has a shortfall of around 300,000 homes. According to the governor, the response should involve greater public and private investment.
Real estate Vida Imobiliária
Draycott has reached an agreement to acquire Portuguese asset manager ECS from Davidson Kempner, in a transaction still subject to definitive agreements and regulatory approvals. The managed portfolio, with significant exposure to hotels, resorts, golf courses and other property assets, is expected to remain unchanged.
Real estate ECO
há.atelier has converted a complex associated with a mill in Rabaçal into a centre dedicated to traditional milling and bread-making practices. The project preserves the watercourse that powers the mill and reuses stone and timber from the existing structure.
Architecture ArchDaily
Project (Un)Build is testing construction methods that use straps and friction-based elements to connect timber components. The system allows structures to be dismantled and materials to be reused, with the aim of reducing construction waste.
Construction ArchDaily
Matosinhos City Council is awaiting clarification from the IHRU on the project for 204 affordable rental homes in Picoutos. The municipality is considering using its own resources if the conditions are not in place to complete the development within a reasonable timeframe.
Real estate Observador
PRO NAT.URBE establishes a framework for action from 2026 to 2035 aimed at restoring green spaces and increasing urban tree cover. The interventions will be carried out by municipalities and monitored by the Directorate-General for Territory using georeferenced information.
Architecture Directorate-General for Territory
The daily average number of applications for permits authorising construction activity rose from 66 in the first half of the year to 202 between July and September. IMPIC estimates that the total number of permits by the end of 2026 will be 20% higher than the 67,358 recorded in the previous year.
Construction Institute of Public Markets, Real Estate and Construction
The turnover of Portuguese companies increased by 5.2% in 2025, according to an analysis by Informa D&B. Construction grew by 10.3% and accounted for a quarter of the total increase, while real estate activities rose by 9.8%.
Construction Jornal Económico
Investment in commercial property in Greater Porto reached €451 million in the first half of the year. A Cushman & Wakefield report identifies demand outstripping supply in most segments and more than 90,000 square metres of office space under construction.
Real estate Vida Imobiliária
Tourism and residential projects launched since 2020 between Comporta and Melides represent more than five billion euros. Full implementation of the plans could raise investment to nine billion euros.
Real estate Jornal Económico
An Ageas office building in Benfica will be converted into a development comprising 85 flats. Mello RDC's investment amounts to 50 million euros, with construction scheduled between the second half of 2027 and the end of 2029.
Real estate Jornal Económico
A home designed by Jesús Torres García in Zafarraya features a 51-centimetre-thick layered envelope. The solution combines waste materials and thermal mass to moderate outdoor temperature fluctuations ranging from around minus 5 to 35 degrees Celsius.
Architecture Domus
The Council of Ministers has approved rules for completing PRR investments still under way. The State Budget may provide up to €200 million in additional funding, and the works covered must be completed by 31 December 2027.
Construction Government of Portugal
The expansion of Fondation Beyeler, on the outskirts of Basel, adds three buildings without altering Renzo Piano’s museum. The project includes renovating the park and restoring historic buildings for educational activities, dining and concerts.
Architecture Domus
The revision of the Legal Framework for Urban Development and Construction came into force on 1 October. The new legislation changes licensing procedures and strengthens the accountability of developers, designers and municipalities.
Construction Observador
The Agenda for Enhancing Portuguese Architecture and Territory brings together eight commitments concerning public commissioning, the reuse of buildings, environmental performance, life-cycle costs and the technical capacity of the Public Administration.
Architecture Ordem dos Arquitectos
Grupo Casais presented the application of the industrialised model at a student residence in Coimbra and at the KREAR facility in Estarreja. The company estimates reductions of 25% to 50% in completion times and is involved in more than two dozen projects.
Construction Público Imobiliário
The median bank valuation of housing reached 2,254 euros per square metre in August, 14 euros more than in the previous month.
Real estate RTP Notícias
The financial report for the New Lisbon Airport is due to be submitted in January 2027, followed by the final report in January 2028. The Government intends to finance the construction entirely through private investment.
Construction RTP Notícias
Between January and August, 3,900 public works tenders were launched, down 30.3% year on year, with a total value of 5,584 million euros. Contracts awarded totalled 3,148 million euros, a decline of 20%.
Construction RE Portugal
The bank valuation of housing increased by 14.7% in August 2026 compared with the same month of the previous year, reinforcing the value of the benchmark used to finance home purchases.
Real estate Statistics Portugal
Public works tenders launched by August 2026 totalled 5.584 million euros, while the construction contracts awarded reached 3.148 million. Despite the recovery recorded in August, there was still a cumulative decline.
Construction AICCOPN
In the first seven months of 2026, 25,854 homes were licensed, up 4.5% year on year. By contrast, the number of licensed housing projects fell by 7.7% to 11,441.
Construction RE Portugal
Lisbon City Council intends to convert the former Council of Ministers building in Campo de Ourique into around 90 affordable homes. The project, aimed primarily at relocated health, security and education professionals, is expected to represent an investment of more than 20 million euros.
Real estate RE Portugal
IFRRU 2030, the Patriarchate of Lisbon and Cáritas Diocesana de Lisboa have signed an agreement to identify, structure and finance the renovation of Church-owned property intended for affordable or mid-market rental.
Real estate idealista/news
The rise in housing prices slowed in three quarters of Portuguese municipalities in the second quarter of 2026, indicating a geographically widespread slowdown in the pace of residential price growth.
Real estate Confidencial Imobiliário
The median bank valuation of housing reached €2,254 per square metre in August 2026, €14 more than in the previous month and the highest level recorded.
Real estate RTP
The Sines and Algarve Ports Authority plans to begin construction of 70 flats in 2027, representing an investment of around €20 million. The homes are intended primarily for employees of public entities, partners and clients within the port community.
Construction Jornal Económico
The University of the Algarve will build the Barlavento Campus in Portimão and a Digital Building at the Gambelas Campus, as well as modernising spaces and equipment at the Penha Campus. Total investment exceeds €17 million, with more than €10 million coming from Algarve 2030 European funds.
Construction CCDR Algarve
The stock of housing loans increased by 11.2% year on year in August 2026, reaching €119.1 billion. Bank financing for construction and real estate companies recorded the same annual growth rate.
Real estate Banco de Portugal — BPstat
A collection of 13 projects by Alvar Aalto in Finland was inscribed on the UNESCO World Heritage List in 2026, recognising the organic and humanist expression of the Modern Movement embodied in his work.
Architecture Vida Imobiliária
The OECD interim report identifies higher financing costs and growing infrastructure investment needs. A potential slowdown in investment in artificial intelligence and data centres could also affect the engineering and construction sectors.
Construction OECD
The OECD concludes that the decline in investment in 2024 was particularly widespread in real estate. The fall in investment in housing and other buildings weighed on capital formation in 23 of the 30 countries for which data were available.
Real estate OECD
The French State, Caisse des Dépôts, Union sociale pour l’Habitat, the European Investment Bank and the Council of Europe Development Bank have signed a declaration to create a platform dedicated to social, intermediate and sustainable housing. The platform is expected to facilitate access to European financing and provide technical assistance to developers.
Real estate European Investment Bank
Public works tenders totalled €5.584 billion in the first eight months of 2026, a year-on-year decrease of 30%, according to AICCOPN.
Construction Jornal Económico
Estamo will send municipalities a list of State-owned properties so that they can decide, by the end of 2026, which they wish to use for housing or other purposes.
Real estate ECO
The Government estimates that works initially associated with the PRR, which will have to be completed through the State Budget, Portugal 2030 or other sources, could cost up to €220 million. These include projects involving schools, housing, health centres and social facilities.
Construction Observador
The International Monetary Fund considers that house prices in Portugal appear to be high, although it does not anticipate a high risk of a correction in the short term.
Real estate Observador
The House Price Index increased by 16.5% year on year in the second quarter of 2026. A total of 40,142 homes were sold, down 6.4%, for a total of €10.7 billion, up 4.2%. Prices of existing homes rose by 18%, while those of new homes increased by 12.3%.
Real estate Instituto Nacional de Estatística
The median bank valuation of housing reached €2,254 per square metre in August 2026, 14.7% higher than a year earlier. Around 32,700 valuations were considered, 4.1% fewer than in the previous month and 3.1% more year on year.
Real estate Instituto Nacional de Estatística
Hourly labour costs in construction rose by 3.9% year on year in the second quarter of 2026, both in the European Union and the euro area. In EU real estate activities, hourly wage costs increased by 5.7%.
Construction Eurostat
Kaohsiung port terminal in Taiwan brings together cruise ships and ferries, offices, retail, community facilities and public space. Its three-level layout separates industrial and passenger flows and creates an elevated promenade, while maintaining operations at Taiwan’s largest container port.
Construction ArchDaily
A study by Infraestruturas de Portugal concludes that converting the national railway network to European gauge would cost more than six billion euros. The work would take between 17 and 30 years and cause prolonged disruption to rail services.
Construction Observador
The Portuguese State has authorised guarantees to finance two contracts in Angola for the rehabilitation of urban infrastructure and roads. The contracts were awarded to Mota-Engil and a company from the ACA group, representing total financing of close to 233 million euros.
Construction Jornal Económico
Funchal City Council has approved a Local Housing Strategy that provides for the construction or renovation of nearly 300 homes by 2029, with an investment of approximately 40 million euros. Projects are already under way in Bairro da Ponte and Quinta das Freiras.
Real estate Jornal Económico
The Government will launch a pilot project in a small group of municipalities to apply artificial intelligence to planning approval processes. The stated aim is to reduce the processing time to around 50 days and extend the system to all local authorities in 2027.
Construction Jornal Económico
Sales of new homes increased by 11% in Greater Porto and 6.6% in Greater Lisbon during the first half of the year. Over the same period, transactions involving existing homes fell by 16% and 9.1%, respectively.
Real estate Jornal Económico
The implicit interest rate across all mortgage agreements rose by 2.7 basis points in August 2026, to 3.162%. The average monthly payment reached 418 euros, four euros more than in July and 24 euros more than a year earlier.
Real estate Instituto Nacional de Estatística
Achieving Europe’s energy renovation targets requires blended finance, guarantees, revolving funds, the aggregation of small-scale interventions and project development assistance. The industrialisation of off-site work is also identified as a means of delivering interventions at scale.
Construction European Commission — BUILD UP
The new intermodal infrastructure will be connected to the historic Valencia Nord station, the future Central Park and the rail, metro, tram and bus networks. The project also includes connections for taxis, bicycles and pedestrians.
Architecture ArchDaily
Data centres, energy, electricity grids, defence and public infrastructure are creating opportunities for the construction sector. Expansion remains constrained by a shortage of skilled labour, licensing delays, costs, financing and contractual risk.
Construction idealista/news
The construction sector employed 400,400 people in the second quarter of 2026, 11.2% more than a year earlier and the highest figure since 2011. Investment grew by 1.8%, while public works tenders and contracts fell by 28% up to July.
Construction idealista/news
From:, an Arrow Group company, will invest €62.3 million in Azuya Seed, a 21-apartment development in Ancão, between Quinta do Lago and Vale do Lobo. Completion is scheduled for 2028.
Real estate idealista/news
The Municipal Housing Charter provides for 306 homes to be developed directly by the municipality and 260 in partnership with social organisations and cooperatives. The strategy covers supported housing, affordable provision and middle-income families.
Real estate idealista/news
Concessionaire AVAN will begin setting up the construction sites for the bridges over the Rio Largo and the Vouga at the end of September. Excavation, vegetation clearance and earthworks on the section are expected to begin in October.
Construction Observador
Lisbon City Council and Metropolitano have not yet set a date for the closure of the Blue Line section, which is expected to last around ten months. The suspension will allow work under the General Drainage Plan to be carried out and the metro tunnel to be structurally reinforced.
Construction Observador
Output fell by 2.0% in the euro area and 1.8% in the European Union in July, year on year. Portugal bucked the trend, recording annual growth of 1.9% and a monthly increase of 0.4%.
Construction Observador
The annual plan provides for 85 calls to be launched by the end of 2026, mobilising around €850 million. The areas covered include affordable housing, student accommodation, energy efficiency and decarbonisation.
Real estate Government Portal
The reform of the Administrative and Tax Courts provides for an independent, specialised chamber to resolve public procurement disputes at an earlier stage. The aim is to prevent tenders, works and investments from remaining blocked for years.
Construction Government Portal
In the second quarter of 2026, the job vacancy rate in construction stood at 3% in the euro area and 2.8% in the European Union. Across industry and construction, the rates were 2% and 1.8%, respectively.
Construction Eurostat
The value of public works tenders fell by 28% year on year to €4,935 million. Contracts awarded and registered on Portal Base also fell by 28% to €2,504 million. Municipal permits decreased by 8.9%, while the number of newly licensed homes increased by 4%.
Construction Jornal Económico
The Government approved guarantees for financing provided by Caixa Geral de Depósitos and Abanca Portugal to the Angolan state for projects carried out by Mota-Engil and Grupo ACA. The projects cover infrastructure at the Urbanização Nova Vida development in Luanda and 65.8 kilometres of National Road 354.
Construction ECO
Infraestruturas de Portugal has launched seven contracts to repair damage caused by severe weather in January across six districts. The total investment is €79.7 million and includes road surfaces, slope stabilisation, retaining structures and drainage systems, with each project scheduled to take 510 days.
Construction Infraestruturas de Portugal
Declared insolvency proceedings in the construction and public works sector rose by 13% year on year through the end of August. Across the Portuguese economy as a whole, the increase was 5.1%, according to Iberinform.
Construction Jornal Económico
The construction output index rose by 1.8% year on year in July, slowing by 0.2 percentage points from the previous month. Building construction grew by 1.1% and civil engineering advanced by 2.9%, according to INE.
Construction Jornal Económico
Crédito Agrícola has become the sole financier of IDB Lisbon, replacing the previous banking syndicate. The transaction, advised by CBRE, allows Jamestown to continue refurbishing the property in Parque das Nações, which has around 60,000 square metres of gross construction area.
Real estate Jornal Económico
The supply of residential properties available for sale in Portugal increased by 6,613 properties between June and September, a rise of 5.1%. According to eXp Portugal, 137,240 homes were on the market, with Santarém the only district to record a reduction in supply.
Real estate Jornal Económico
Nido Livensa Group has completed the sale of five student residences, comprising a total of 883 beds in Lisbon, Carcavelos, Estoril and Porto. The disposal is intended to release capital for new projects and acquisitions in other European markets.
Real estate Jornal Económico
The Council of Ministers declared Universidade Católica Portuguesa’s Campus Veritati a project of national public interest, recognising its contribution to skills development, research and the internationalisation of higher education.
Construction Government Portal
The Portugal 2030 call schedule provides for 85 calls between September and December 2026, with funding of close to €852 million. The funding covers affordable housing and student accommodation, among other areas.
Real estate Government Portal
Council of Ministers Resolution No. 180/2026 authorises the Navy to incur expenditure on design, construction and works supervision services. The project covers the construction, repair, improvement and expansion of the Marine Corps’ infrastructure.
Construction Diário da República
The construction sector employed 400,400 people in the second quarter, 11.2% more than a year earlier. In the first half of the year, new lending for home purchases grew by 11.3%, while new-build housing construction costs rose by 7.2% in June.
Construction AICCOPN
INE estimates that new-build housing construction costs rose by 6.8% year on year in July. Material costs increased by 6.3% and labour costs by 7.3%, while the index remained unchanged month on month.
Construction National Statistics Institute
Torres Vedras Municipal Council approved loans of €16 million to begin converting the former Hospital do Barro into a health campus and €2.7 million to acquire land for 133 affordable homes. The campus is valued at €60 million.
Construction idealista/news
The Tax Authority clarified that the fixed IMT rate of 7.5% does not apply to anyone who has previously been resident in Portugal. For purchases under joint ownership, the higher rate applies only when both spouses are non-residents and neither has previously lived in the country.
Real estate idealista/news
The new Simplified Affordable Rental Scheme came into force on 1 September, but the ministerial order defining maximum rent limits has yet to be issued and the IHRU platform is still not operational.
Real estate Jornal Económico
The new financing facility is intended for the construction or refurbishment of 50,000 homes for the most vulnerable members of the population. The first tranche, worth €500 million, has already been signed.
Construction Government of Portugal
Decree-Law No. 177/2026 revises the Public Contracts Code. For public works contracts, it raises the threshold for prior consultation to one million euros and for direct awards to 150 thousand euros, while also simplifying procedures, integrating digital tools and revising the rules on design-build contracts and additional works.
Construction Official Gazette
Banco BPI estimates that, if the pace recorded in the first quarter is maintained, 2026 could end with the highest number of new homes since 2010, around 2% more than in 2025. The analysis notes that supply remains limited and forecasts price growth of 15.7% in 2026.
Construction BPI Research
The PRR-funded housing programme ended with 31,700 completed solutions, 5,700 more than the initial target. The Government also announced an additional €790 million and €2,011 million in funding to finance around 33,000 remaining homes under the 1.º Direito programme by 2030.
Real estate Jornal Económico
The Government announced that all the PRR's road and rail milestones had been met, representing an investment of more than €500 million. The results include 154 kilometres of roads built or upgraded and new railway signalling, telecommunications and cybersecurity systems.
Construction Jornal Económico
The State has authorised a €100 million increase in portfolio guarantees for mortgages on first homes taken out by young people aged up to 35. Novo Banco will receive an additional €40 million and Banco Montepio a further €60 million, while the programme's overall limit remains €2.3 billion.
Real estate Diário da República
Commerzbank's property management company has agreed to sell Forum Algarve to Spain's Alfana Investment Management for €130 million. The shopping centre has 27,400 square metres, 115 shops and more than 2,200 parking spaces.
Real estate Jornal Económico
Asking rents for residential properties rose by 4.9% year on year and 2.3% compared with July, reaching €18.1 per square metre. Lisbon remained the most expensive city at €24.5 per square metre, while Setúbal recorded €13.9.
Real estate Jornal Económico
Real house prices in Portugal rose by 15.2% in the first quarter of 2026, the largest increase among the 57 economies analysed by the Bank for International Settlements. Over the same period, the global index fell by 1.2%, while the eurozone grew by 2.6%.
Real estate idealista/news
Investment in commercial property in Portugal exceeded €1.41 billion in the first half of 2026, up 14% year on year. Retail and hospitality led activity, while office take-up in Lisbon fell by 20% to 66,900 square metres.
Real estate idealista/news
Decree-Law No. 97/2026 introduced a temporary tax regime, applicable between 2026 and 2029, covering the reinvestment of capital gains in properties intended for rental and changing the taxation of certain property income.
Real estate Jornal Económico
Bank mortgage lending increased by 11% year on year, reaching €118 billion in July. Loans to construction and property companies rose by 12%.
Real estate Jornal Económico
A total of 9,836 licences were issued for housing construction and refurbishment projects in the first half of the year, 6.9% fewer than in the same period of the previous year, according to AICCOPN.
Construction ECO
The number of licensed homes increased by 4% year on year to 22,216 dwellings, despite the total number of licensed housing construction and refurbishment projects falling by 6.9% to 9,836. Cement consumption rose by 5.9%.
Construction Jornal Económico
The Government indicated that more than 28,000 housing solutions would be completed by the end of August, above the initial target of 26,000, and that a further 12,000 were at an advanced stage of construction. The assessment points to 40,000 homes by December 2026, as well as the construction or renovation of 492 health centres and a target of 87 schools.
Construction Government of Portugal
Cement consumption increased by 5.9% and 22,216 homes in new-build developments were licensed in the first six months of 2026, according to AICCOPN's statistical summary. New mortgage lending rose by 11.3%.
Construction AICCOPN
The Sectoral Programme for Renewable Energy Deployment Acceleration Zones identifies more than 800 areas across 147 municipalities for solar and wind projects. In force since 28 August, the programme provides for simpler licensing procedures while maintaining environmental, planning and construction requirements.
Construction AICCOPN
The stock of mortgage loans reached €118.0 billion in July, 11% more than a year earlier. Lending for construction and real estate activities rose by 12%, confirming a material acceleration in financing for the sector.
Real estate Banco de Portugal
Mota-Engil ended the first half with turnover of €2.9 billion, EBITDA of €487 million and profit of €74 million. Its order book reached an all-time high of €17.7 billion, with Portugal accounting for 12% of contracted activity.
Construction Vida Imobiliária
Novobanco has begun the joint sale of loans, stakes in property companies and assets linked to Luís Filipe Vieira’s former group. The transaction includes land in Lisbon and the Algarve, as well as business assets, and seeks to recover part of debts exceeding €400 million.
Real estate ECO
A new public park on the banks of the Nervión restores a former industrial area and re-establishes the connection between the urban frontage and the estuary. The project creates a new topography with terraces, naturalised slopes and a multifunctional clearing.
Architecture ArchDaily
Works contracts put out to tender in the first seven months of 2026 totalled €4.935 billion, down 28% year on year. A total of 3,477 procedures were launched, while contracts awarded exclusively through public tenders reached €1.871 billion.
Construction RE Portugal
Matosinhos City Council has handed over the final 105 homes in a programme that built or refurbished 512 homes across six neighbourhoods. Municipal investment under the PRR amounted to €122 million.
Construction RE Portugal
Developer Mesmo Valor expects to begin construction of Boavista Tower, a 24-storey building with 249 apartments, in the final quarter of 2026. The announced investment is €75 million, and construction is expected to take 42 months.
Real estate idealista/news
VGP ended the first half of 2026 with 44 projects under construction, totalling 1.14 million square metres. New lease agreements and renewals reached €52.7 million, while pre-tax profit was €141 million.
Real estate idealista/news
Porto City Council is considering building housing on municipal land in Noeda to rehouse families affected by compulsory purchases for the high-speed railway line between Porto and Lisbon.
Construction idealista/news
The Government is preparing rules that could make service contracts and public liability insurance mandatory for condominium management. Industry associations argue that the requirements should also cover condominium owners who take on this role.
Real estate idealista/news
The forthcoming CEN/TS 18335:2026 has completed the European voting process and is expected to be published in the first quarter of 2027. It defines nine stages for designing natural, mechanical or hybrid ventilative cooling and incorporates a thermal resilience assessment, with direct application to the work of architects and engineers under the European directive on the energy performance of buildings.
Construction BUILD UP — European Commission
An analysis of building codes in 19 countries and regions concludes that just over half of the jurisdictions provide specific methods or requirements for assessing overheating in residential buildings. Regulation is even more limited for non-residential buildings.
Construction BUILD UP — European Commission
The European Commission has launched the Digital Product Passport registry and a test environment. The system allows unique identifiers and metadata to be registered for various product groups, including steel, aluminium, furniture, energy-related equipment and construction products.
Construction BUILD UP — European Commission
An interpretative law allows the 6% VAT rate to be applied to rehabilitation contracts for properties or public spaces located in urban rehabilitation areas, even where no urban rehabilitation operation has been approved. The legislation takes effect from 1 January 2009.
Construction ECO
The Order of Certified Accountants considers that the clarification of the 6% VAT rate on rehabilitation contracts will have general practical effects on tax due from 1 January 2022, owing to the usual four-year limitation period for tax assessments. Ongoing inspections and court proceedings may constitute exceptions.
Construction ECO
The Government expects to deliver more than 28,000 public homes by the end of August, exceeding the Recovery and Resilience Plan target of 26,000 homes. A further 12,000 homes were at an advanced stage of construction, with the stated aim of reaching 40,000 homes by December 2026.
Construction ECO
Law No. 44/2026 requires public and private institutions to ensure physical accessibility, wayfinding and communication within their premises, strengthens enforcement and provides for fines of up to €44,891.81.
Construction AICCOPN
The tenancy reform increases from two to three years the minimum period required for tenants to exercise their right of first refusal when buying and restricts the transfer of the tenancy agreement following the holder’s death. The proposal is still subject to parliamentary approval.
Real estate Vida Imobiliária
The Belgian group has around 1,000 homes and 130,000 m² under development in Gaia, Sacavém and Matosinhos. The projects represent a combined investment of approximately €432 million.
Real estate Jornal Económico
Law No. 48/2026 stipulates that the location of a contract within a legally designated urban regeneration area is sufficient for the former item 2.23 of List I of the VAT Code to apply. An approved urban regeneration operation is therefore no longer required.
Construction AICCOPN
Law No. 48/2026 stipulates that the reduced rate applies to contracts covered by item 2.23 in urban regeneration areas, even without approval of the respective operation, with effect from 1 January 2009.
Construction Official Gazette
The Government expects to exceed the 1.º Direito target of 26,000 homes, deliver 28,000 by the end of August and reach 40,000 by December, with more than 12,000 homes at an advanced stage of construction.
Real estate Vida Imobiliária
Technology investment manager iCapital has chosen Fidelidade's headquarters in Lisbon to expand its international innovation centre, in one of Portugal's largest recent office leasing transactions.
Real estate idealista/news
A Government bill reduces the notice period for terminating open-ended tenancy agreements from five to three years when major renovation works are planned. The initiative, which is still subject to parliamentary approval, also changes the criteria for classifying works, compensation, rehousing conditions and the timeframe for an agreement between landlord and tenant.
Real estate idealista/news
After completing the acquisition of eight shopping centres in Spain for around €1.5 billion, Sonae Sierra and Norges Bank will selectively assess new investment opportunities in Portuguese shopping centres.
Real estate ECO
Creditors of the former construction company Soares da Costa are expected to recover less than 3% of the claims filed, after the costs of the insolvency estate. The company, once one of Portugal’s largest construction firms, was declared insolvent in May 2023.
Construction Jornal de Negócios
ANA estimates that Luís de Camões Airport will be built between 2029 and 2033, with operations expected to begin from 2035. The project includes a high-speed rail link to central Lisbon via the Third Tagus Crossing, with an estimated journey time of around 20 minutes.
Construction Jornal de Negócios
The Government expects to complete the Chelas–Barreiro road and rail bridge and the Algés–Trafaria tunnel within ten years. The new crossing is expected to follow the timetable for Luís de Camões Airport and is considered essential to the Lisbon–Madrid high-speed rail link planned for 2034.
Construction RTP Notícias
Ministerial Order No. 320-A/2026 clarifies that the controlled-cost housing regime also covers properties sold or leased to municipalities and other public bodies for subsequent provision as affordable rental housing. The amendment strengthens the legal framework for projects developed jointly by private developers and the public sector.
Real estate AICCOPN
Activity among urban rehabilitation companies increased by 10.7% in the first half of 2026, while order books grew by 9.9%. Despite this growth, the number of permits issued fell by 11.6%, according to the AICCOPN barometer.
Construction AICCOPN
Banco de Portugal’s macroprudential recommendations now limit the maximum share of net income allocated to loan repayments to 45%. Loan-to-value limits remain at 90% for owner-occupied permanent homes and 80% for other purposes.
Real estate RTP Notícias
The median asking price for homes for sale in Portugal reached €3,210 per square metre in July. Annual growth slowed from 8.9% to 8%, while Lisbon recorded an increase of 4.1% and Setúbal 9.1%.
Real estate idealista/news
The requirement to state in transfer documents whether a property has planning permission will take effect on 1 October 2026. The postponement allows the regulations to be completed and municipal platforms to be adapted to the new RJUE rules.
Construction idealista/news
The median asking rent in Portugal stood at €17.7 per square metre. Lisbon remained the most expensive city at €23.5 per square metre, while Setúbal recorded an annual increase of 5%.
Real estate idealista/news
Between January and May, 18,649 dwellings in new-build developments were licensed, 3% more than in the same period a year earlier. By contrast, the number of licensed residential construction and rehabilitation projects fell by 7.4% to 8,350.
Construction idealista/news
The Government says it intends to meet the 96 outstanding milestones and targets and complete the 43 planned reforms. To date, the RRP has supported the construction or renovation of 31,000 social and affordable homes.
Construction Governo de Portugal
A MATTERS reúne perspetivas editoriais da Ama Grupo Imobiliário®, dedicadas à arquitetura, à construção e ao imobiliário. Um espaço de informação, análise e partilha de conhecimento útil.
MATTERS — perspetivas editoriais da Ama Grupo Imobiliário®