News
Europe’s top stress-free countries for expats
A new survey by expat insurance experts William Russell , which ranks countries and cities around the world in terms of stress by looking at factors such as cleanliness, quality of green spaces and LGBTQ+ safety. Portugal claims the title of the least stressed country in 2023.
End of NHR and Golden Visa having little impact
Government measures to curb foreign buyers are having little impact on the cost of housing, as demand continues. The most recent data suggests that the mild climate, quality of life, security and good health and education services that Portugal offers continues to attract foreigners to live in the country.
Americans continue to invest in luxury properties in Portugal
In recent years, Portugal, Spain and Greece have seen a booming luxury real estate market, driven significantly by foreign buyers and a strong US dollar. Although Golden Visa opportunities have declined in Portugal, the demand for luxury properties in our country remains.
Portugal: Among most sought-after destinations for real-estate investment
Global property investment is expected to increase in 2024, peaking in the third quarter, predicts Savills World Research, which points to Portugal as “one of the most sought-after destinations due to its tourism potential”.
Porto Metro has surpassed "annual demand record"
Metro do Porto has transported more than one billion passengers since the opening of the first line 21 years ago, having already surpassed the "annual demand record" this year, with more than 72 million users .
Experience and expertise in a changing real estate marketplace
As we head into 2024, the stuttering worldwide economy plus the imposition of local market headwinds such as tighter AL legislation and the potential conclusion of the NHR regime will ultimately result in a changing real estate landscape for our clients. Looking positively, change within our sector always provides new opportunities for buyers and sellers. These wider market moves have also led to an increase in property availability for the first time in over four years. This really is a good time to buy.
Portugal Tops Cost of Living and Real Estate Comparison
Portugal has long proved to be an irresistible draw for people seeking a better quality of life, boasting 300+ days of sunshine, low crime rates, clean air, culture, local produce and a reputation as one of the world’s top relocation destinations.
Overseas Investment in Portuguese Real Estate Hit Record High This Summer
Foreign spending in Portugal’s real estate market hit new highs this summer with more than €1.1 billion (US$1.21 billion) invested between July and September, according to statistics from the Bank of Portugal. This summer’s spending marked a surge of 26% compared to the same time last year
Room rents increased in Lisbon and Porto
The reports notes that in Lisbon, the rent price for a room went up by 5,3%, while in Porto the registered rise reached 5,9%. Besides any “stagnation of room prices”, in Europe, when it comes to both Portuguese metropoles the prices “are every time less affordable.” HousingAnywhere says that the average price for renting a room in Lisbon may reach 600€, “5.3% higher than in the last quarter and up to 33.3% higher compared to a year ago.” In Porto, the average of room price is lower, 450€, but it was registered “a 5.9% quarterly and 12.5% yearly increase.”
