PRA

Clélia Brás

Partner

August 6, 2024

"Construction with 6% VAT brings more homes and at lower prices" - Idealista

The current Portuguese Government announced that it would lower VAT on new construction from 23% to 6%, this appears to be a measure from the “Construir Portugal” package that will have a major impact on resolving the housing access crisis in Portugal.

Clélia Brás comments in an Idealista article that this tax relief could result in an increase in homes for rent, as it could encourage investors to “develop Build to Rent projects”.

PRA