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Porto and Lisbon lead with highest home appreciation
Porto was in eighth place in a ranking that brings together 30 cities around the world, while Lisbon was the 11th city where housing prices rose the most. When analysing the appreciation of the real estate market in various urban centres around the world, eXp Realty Portugal concluded that Porto and Lisbon are among the 15 global cities where properties increased in value the most in the last year. In Porto, the average price of a house rose 8.6%, while in Lisbon it increased 4.7%.
Portugal will be a "safe harbour" for investment
Portugal's Minister of the Economy, Pedro Reis, argued that, during this time of geopolitical tensions and changes, Portugal will take on the role of a "safe harbour" for investment. "There is no path to a sustainable growth model disconnected from a vibrant private sector, capable of providing the necessary investment and innovation," the minister reiterated.
Airbnb welcomes new rules for short-term rentals
Portugal’s centre right government has already announced its intention to decentralise powers regarding the registration of short-term rentals – once again leaving it up to local authorities to decide whether to put an end to AL in residential buildings or, alternatively, not to immediately cancel the registration and “invite the parties involved to reach an agreement” where there is opposition to the existence of AL in a building.
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