59,000 Pre-Approved Homes Never Got Built — APPII Says Regulation and Costs Are Choking Portugal's Housing Supply
Some 59,000 pre-approved housing units in Portugal were never built over the past three years because rising costs, 23% VAT, and unpredictable regulation made them financially unviable, says the APPII. The industry body estimates 50,000 more could be unlocked with a permanent VAT cut.