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€3bn pot helps Portugal respond to the EU’s Green Deal

Europe’s “green deal” is intended to have a profound effect on the real estate sector and in Portugal the €3 billion PRR (resilience and recovery programme) will provide support for making existing buildings more energy efficient and for producing greener new housing stock.

Abreu Advogados’ partner and co-head of real estate Tiago Mendonça de Castro explained that the regulations affect the way that investors deals are structured in future in legal terms and the way that real estate is marketed.

“A lot of things are changing in the next 10 years and 10 years is tomorrow,” Mendonça de Castro said.