Investment in real estate in Lisbon hit a new record, reaching €5.92 billion in 2018, according to the Confidential Imobiliário. (Ci). Lisbon’s real estate continues to break new records. Last year, the investment in the Urban Rehabilitation Area (ARU) of Lisbon amounted to €5.92 billion, the equivalent to 13,150 transactions, according to data from the […]
According to the World Travel & Tourism Council (WTTC) report, tourism grew by 8.1% in 2018, obtaining the highest rate among European Union (EU) countries and also one of the highest among all European countries. According to the printed edition of Jornal de Negócios, last year the estimated direct impact on the Portuguese economy was […]
Minister of the Environment says that Portugal will not dispense with the leadership in the decarbonization and that this will be even more evident when the data for 2019 are known. Portugal has taken the lead in European countries that are reducing carbon dioxide emissions by achieving a 9% reduction during the year 2018. This […]
Luxury home values rose 7% in 2018. Foreign buyers in Lisbon are driving luxury home values skyward, with the average price per square meter in the Portuguese capital rising nearly 7% in 2018.Portugal runs a successful ‘golden visa’ program, which offers residency and valuable tax incentives to foreigners who invest in the country, including pricey […]
The average sale price of housing in Portugal increased to €996 per square meter in the fourth quarter of 2018. According to the National Statistics Office, Lisbon and Porto saw growth rates above 23 percent. Lisbon and the Algarve still have the most expensive real estate in Portugal, with Porto having one of the biggest […]
In 2012, Portugal was forced to suffer in silence as IMF-engineered austerity took its toll on the country. However, a change of direction in recent years has revitalised and rejuvenated the nation’s economy. Portugal has managed to reverse the economic decline it found itself mired in just 7 years ago as it continues to go […]
Emerging Trends in Europe 2019 ranked the real estate markets in major European cities according to their overall investment and development prospects. With some of Europe’s major markets judged to be peaking, attention is shifting to smaller, dynamic cities: the “rising stars”. This year’s choice for overall prospects is Lisbon, rising 10 places to number […]
“Until the end of 2018, we will pay the totality of this debt to the IMF”, the PM announced at the Parliament this Thursday morning. Portugal will pay the remaining of the debt from the IMF by the end of this year, the Prime Minister, António Costa, announced in a speech at the Parliament this […]
Portugal was voted Europe’s leading destination for the second year in a row at the World Travel Awards. The awards ceremony took place on 30th June in Athens, Greece. Also last year’s winner, this year Portugal competed against countries such as Austria, England, France, Germany, Greece, Ireland, Italy, Norway, Spain, Sweden, Switzerland and Turkey. Portugal […]
The sale price of houses in mainland Portugal increased by 15.6% in September, according to the Confidencial Imobiliário Residential Price Index. In monthly terms, the rise was 1.3%, according to the publication that tracks the change in transaction prices in the residential market. The September figures confirm that prices in the housing market continue to […]
