News
Porto named as the best European city for attracting investment
Porto has once again been distinguished by the Financial Times as the best European city of the future in terms of strategy for attracting foreign direct investment (FDI), in the category of FDI Strategy – Large Cities.
23 apartments in Porto for the price of one in Tel Aviv
The numbers are amazing. Take for example buying an apartment "on paper" for a million shekels (approx. USD 272,000), getting up to 75% mortgage at an interest rate of less than 4%, start repaying the loan only when the apartment is handed over, and then rent it out at a 10% yield, or more.
Portuguese housing market ends 2024 strong, with optimism for 2025
The Portuguese housing market has shown remarkable resilience, ending 2024 on a high note with strong expectations for 2025, according to the latest December 2024 Portuguese Housing Market Survey from RICS and Confidencial Imobiliário. The report highlights an 11% increase in property prices year-on-year and a 27% surge in sales volumes, underscoring the market’s robust performance.
Where have house prices in Portugal risen most?
House prices in Portugal rose 4.3% in January compared to the same month in 2024. Housing also became more expensive in the last year in Santarém (15.4%), Setúbal (14.5%), Leiria (12.3%), Ponta Delgada (10.6%), Bragança (10.2%), Viseu (8.6%), Funchal (8.6%), Coimbra (8%), Guarda (7.6%), Braga (7%), Faro (4.7%), Porto (3.2 %), Castelo Branco (3.1%), Portalegre (3.1%) and Viana do Castelo (1.5%).
20,000 young people take advantage of housing tax breaks in Portugal
A total of 19,745 people have benefited from exemption from IMT, Stamp Duty and fees when purchasing their first home, according to data provided to Lusa by the Ministry of Youth and Modernization.
Construction and renovations in Portugal rise 6.1%
Licenses issued for new construction and renovation of residential buildings grew 6.1% until November 2024, in annual terms, while homes in licensed new constructions increased 3.4% and cement consumption rose 2.8%, according to the AICCOPN.
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.
