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Where can I find affordable housing options under the new land law?

The new land law in Portugal paves the way for more affordable housing options as it enables construction on rural land, a move that may alleviate some housing shortages. This legislation is expected to increase the supply of properties available at lower prices, catering to the middle class looking for viable home ownership solutions. Buyers should focus on areas where new developments are being planned, as these locales are likely to offer the most competitive prices. However, it is vital to understand the local municipal plans and how the new law interacts with them, as this can affect not only availability but also future value of properties. Being part of the housing programme means that at least 70% of the new builds will emphasize affordable housing, making it a strategic time to search for properties in these developments. Additionally, potential investors should connect with real estate agents or local authorities to find out about upcoming projects that could meet their needs. Understanding the infrastructure costs associated with developing rural land will be crucial for buyers interested in these options. Stay ahead by exploring listings that cater to affordable housing aspirations. Our team can assist you in navigating the options available, helping you identify the best deals on the market. Contact us now to explore opportunities before they are gone!

Monday, 06 January 2025 - News
Where can I find affordable housing options under the new land law?

But the mayors warn that the diploma brings doubts and challenges, opening the door to the construction of other real estate projects in addition to houses. Furthermore, this new land law is not articulated with other laws exerting pressure on urban management.

The warning was given by the National Association of Portuguese Municipalities (ANMP) which gave its opinion on this new soil law. This diploma published in the Official Gazette of the Union this Monday, December 30th, already has the contribution of the mayors. And it will come into force within a month.

Although admitting to idealista that this new law could bring more houses to the outskirts and at lower prices, the ANMP led by Luísa Salgueiro now warns that this decree-law opens the door to the construction of other types of projects on land rustic, he told Jornal de Notícias. Keep in mind that the degree only requires that the majority of the area (at least 70%) be dedicated to public housing, affordable rental, or moderately priced housing.

Furthermore, the construction of houses (and other projects) has to take into account additional infrastructure costs, as land needs to be developed. And the mayors also warn that the new land law has gaps, which could generate different interpretations, and will also bring “great pressure to urban planning and management”, as it will touch on the Municipal Master Plans already approved by various entities, the same reads publication.

The President of the Republic had also warned, when he promulgated the decree-law on Thursday (26 December), that the new land law will cause “a significant disruption” in the territorial ordering and planning regime.

Because of this the ANMP now states that it doubts that the new land law will solve the problem of the lack of affordable homes for the middle class.

 

Source: https://www.theportugalnews.com/news/2025-01-04/new-land-laws-bring-doubts-and-challenges/94637

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