News
121,000 people migrated to Portugal in 2022
Portugal received almost 121,000 immigrants in 2022, according to data from the Organization for Economic Cooperation and Development (OECD), the highest figure in the last nine years, four times more than that recorded in 2014.
After Europe, the Bolhão project recognized as one of the most impressive in the world
After recognizing the excellence of the project at the European level, the requalification and modernization of the Mercado do Bolhão (Bolhão Market) once again won the jury of the Urban Land Institute (ULI). Known this Tuesday, the Global Awards of Excellence distinguished the "six most impressive projects in the world"
Portugal First Half Home Sales Slump 20% as Golden Visa Ends
Property prices not expected to drop in the near future. Amid housing crisis, demand continues to outpace supply.
Portugal Expects 8.7% Home Price Surge in 2024, Despite Golden Visa Program Changes
The approval of new changes to Portugal’s Golden Visa Program, part of the “More Housing” bill, will not affect property values, as home prices are forecast to increase 8.7 per cent next year, according to a report from Property Market-Index.
Record number of new companies created in Portugal
2023 is "the best year ever" in the creation of new companies, says Informa D&B, reporting that, by the end of September, 39,042 companies had been created in Portugal, 5.6 percent more than in the same period last year.
IMF predicts Portuguese growth of 2.3%
The IMF predicts growth in the Portuguese economy of 2.3% this year and 1.5% in 2024 and a reduction in the inflation rate to 5.3% in 2023 and 3.4% in 2024.
Portugal offering more for your money
Christina Hippisley, General Manager of the Portuguese Chamber of Commerce in the UK, said: “Many of the property buyers we talk with are pleasantly surprised by just how much more they can get for their money in Portugal. Given the cost of living in Portugal is also lower, there’s a significant financial case to be made for starting a new life in the sun.”
Portugal Luxury Real Estate Listings for Week of September 26
In this story, Mansion Global highlights 8 luxury properties in the Portugal market. These properties are among the most desirable in the area and feature stunning views, upscale locations, elegant living spaces, and many extras. Learn more about these eye-catching properties below.
1% surplus for Portugal
Compared to the same period of the previous year, there was an increase of 7.8% in revenue and 8.9% in expenditure, details the statistical institute. In the first three months of the year, Portugal recorded a budget surplus of 1.2% of GDP.
