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Financial markets, PSI-20 performance, and investment news in Portugal.
Decreto-Lei 97/2026 Pins a 10% IMT Penalty on IVA-6% Homebuyers Who Vacate the Primary Residence Inside 12 Months — Pacote Fiscal Habitação Bolts the Affordable-Housing Loophole as Diário da República Publishes Tuesday 20 May

Decreto-Lei 97/2026 Pins a 10% IMT Penalty on IVA-6% Homebuyers Who Vacate the Primary Residence Inside 12 Months — Pacote Fiscal Habitação Bolts the Affordable-Housing Loophole as Diário da República Publishes Tuesday 20 May

Decreto-Lei 97/2026, in the DR on Tuesday 20 May, slaps a 10% IMT surcharge on any IVA-6% homebuyer who fails to designate the property as primary residence within six months — or vacates inside the first 12 months. Marriage, divorce and new dependents are the only carve-outs.
The Portugal Brief
Mota-Engil Books a Record €35 Million Q1 Profit on Brazilian Backlog Push — Carteira de Encomendas Stretches to €16.9 Billion as Santos-Guarujá Tunnel Anchors the New Pipeline

Mota-Engil Books a Record €35 Million Q1 Profit on Brazilian Backlog Push — Carteira de Encomendas Stretches to €16.9 Billion as Santos-Guarujá Tunnel Anchors the New Pipeline

Mota-Engil closes Q1 2026 with €35 million of net profit, the strongest first quarter in the company's history at +31% YoY. Revenue lifts to €1,394 million, EBITDA crosses €234 million at a 17% margin and the order book stretches to €16.9 billion, equivalent to 3.6 years of activity.
The Portugal Brief
Altice International Converts €2.5 Billion of Intragroup Debt Into Meo Portugal Capital on 8 May — Operator's Share Capital Lifts From €17 Million to €2.535 Billion as Drahi's November 2025 Unrestricted-Subsidiary Defence Hardens Into a Liquidity Wall

Altice International Converts €2.5 Billion of Intragroup Debt Into Meo Portugal Capital on 8 May — Operator's Share Capital Lifts From €17 Million to €2.535 Billion as Drahi's November 2025 Unrestricted-Subsidiary Defence Hardens Into a Liquidity Wall

Altice International executed a €2.5 billion capital increase in kind at Meo Portugal S.A. on 8 May 2026, converting intragroup debt into share capital and lifting the operator's registered share capital from roughly €17 million to €2.535 billion in...
The Portugal Brief
INE Reads New-Housing Construction Costs Up 5.8% in March 2026 — Labour Component Climbs 8.2% Against a 3.7% Materials Print, the Wedge Widens 1.0 Percentage Points From February and the Index Now Sits 30%-Plus Above the 2021 Base

INE Reads New-Housing Construction Costs Up 5.8% in March 2026 — Labour Component Climbs 8.2% Against a 3.7% Materials Print, the Wedge Widens 1.0 Percentage Points From February and the Index Now Sits 30%-Plus Above the 2021 Base

INE reads the Construction Cost Index for new housing at +5.8% year-on-year in March 2026 — labour climbs 8.2%, materials 3.7%, and the headline wedge widens 1.0pp from February. The labour-cost trajectory is the structural read inside Portugal's housing-affordability calculus.
The Portugal Brief