News

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.

Portugal ranks in Top 10 Best Countries to Raise a Family

Portugal ranked in first place, with a Family Relocation Score of 6.33, making it the best country to raise a family in the OECD. While the country performed well across the board, it excelled in financial factors. Families in Portugal benefit from affordable childcare, which costs on average 5 percent of household income, and the average monthly cost of essential utilities is quite low at €110.