- Real estate developers warn that the regime “serves no purpose” without a reduction in VAT
- The high VAT on construction may result in unused land being released
- The APPII highlights the high VAT in construction and bureaucratic delays
- Some projects are stalled in city councils for five to six years
- The land law may not lead to affordable housing construction as not all converted land may be financially viable
- Real estate developers applaud the initiative despite the potential challenges.
Source: jornaldenegocios.pt
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
