News

New Record for Portuguese Tourism

Travel and tourism exports in August reached €4.3 billion, surpassing the previous record and contributing to a positive services balance.

Cheaper mortgage loans until 2028

According to the Public Finance Council, the 3-month Euribor rate is projected to decrease to 1.9% between 2026 and 2027, offering potential relief for families with mortgage loans indexed to this rate. This forecast suggests a favorable environment for borrowers in the coming years.

Tourism expected to reach 22% of GDP in Portugal

According to the World Travel & Tourism Council (WTTC), Portugal's tourism sector is projected to contribute €62.7 billion to the national economy in 2025, representing 21.5% of GDP. This marks a 37.9% increase compared to pre-pandemic levels in 2019. The sector is also expected to support 1.2 million jobs, a 17.3% rise from 2019 figures. Looking ahead, the WTTC forecasts that by 2035, tourism will account for 22.6% of GDP, with revenues reaching €74.6 billion and employment expanding to 1.4 million, highlighting the sector's significant and sustained impact on Portugal's economy.

Portugal crowned the world’s best retirement destination

Portugal has been recognized as the world's top retirement destination for 2025 by Global Citizen Solutions. The country scored 92.61 points, excelling in quality of life, safety, and expat integration. Portugal offers a mild climate, affordable living, accessible healthcare, and established residency pathways, making it an attractive option for retirees from the UK, US, and beyond.

Why expats are choosing Porto and Northern Portugal as their next destination

Porto is now recognised as an emerging centre for digital business and innovation. In 2025, fDi Intelligence named Porto the Best European City for Foreign Direct Investment (FDI) Attraction, a title driven by the city’s growing role as a hub for scientists, technologists, engineers, and entrepreneurs.

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.