The package of tax relief measures, aimed primarily at homeowners and including, among other things, a reduction in VAT, has been signed into law by the President of the Republic.

Âncora Investments and PMA have formed a partnership for two real estate projects. The developments, located in the Porto metropolitan area, will result in approximately 650 units aimed at the mid-range residential market.

Haya Towers, located in Vila Nova de Gaia in the Porto Metropolitan Area, represent an investment of 150 million euros and are currently the tallest residential project in Portugal.

The plan includes improvements to VL1, VL3, VL10, VL11, and the connection between Jorge Sampaio Stadium and Nó dos Carvalhos.

According to Confidencial Imobiliário, 37,750 homes were sold in mainland Portugal during the first quarter of the year, representing a 9.4% decline compared to the previous quarter, when approximately 41,600 transactions were recorded. This performance confirms the trend of slowing activity that has been observed since the second half of last year.

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