The median rent for new rental contracts rose by 10% year-on-year until March, reaching 8.22 euros per square meter (m2). The Lisbon and Porto Metropolitan Areas accounted for 42.1% of new rental contracts.

More public housing supply, reduced VAT of 6% on construction and a review of the urban rental regime. These are some of the measures set out in the government's program, delivered to Parliament on June 14.

The number of young people taking advantage of the tax exemption to buy their own home is increasing rapidly. In the space of less than three months, it has practically doubled.

Despite growing by 3.7% compared to the same month in 2024, construction costs for new housing fell slightly by 0.1 percentage points in April compared to March.

Up to March, the number of licenses issued for the construction and rehabilitation of residential buildings increased by 18.1% year-on-year, according to AICCOPN.

Banco de Portugal reveals that young people who used the public guarantee until March to buy a house have, on average, higher incomes than young people who obtain credit without state support.

In the last quarter of 2024, Portugal recorded the third highest increase in house prices among the member states.

In 2024, 90.000 permanent home loan contracts were signed in Portugal, 32% more than in 2023, involving 138.000 people, reveals the Banco de Portugal (BdP).

House prices rose again in February, up 2.1% on January. This is the biggest monthly increase in over a year, confirming the acceleration trend seen in January.

According to the Instituto Nacional de Estatística (INE), in January the price of materials rose by 0.2% and the cost of labor by 6.9%.

The European Investment Bank (EIB) plans to invest 10 billion euros in sustainable and affordable housing. With this investment, the EIB aims to build 1.5 million new or renovated homes across Europe.

Eurozone interest rates were cut on March 6 for the sixth time since the cycle of cuts began in June last year.