29d • General discussion
Portugal’s supply gap is not theoretical anymore.
Portugal needs around 70,000 new homes per year and is delivering closer to 20,000 to 28,000.
That gap does not only show up in market headlines.
It shows up in:
• Permits
• Licensing timelines
• Construction capacity
• Technical coordination
• Financing conditions
• The number of projects that actually move from plan to completion
For developers, the question is not only:
“Is there demand?”
The better question is:
“Can this project actually be licensed, financed, built, and delivered in the current environment?”
Because demand alone does not deliver housing.
Execution does.
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Portugal’s supply gap is not theoretical anymore.
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