Portugal is again World’s Leading Destination

For the second consecutive year, Portugal won the title World’s Leading Destination during the 24th edition of the prestigious World Travel Awards, also known as the Oscars of the tourism industry, which took place on December 10th in Phu Quoc, Vietnam. Continue reading

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Property prices continue to rise in Portugal

Prices of properties are still rising in Portugal without signs of a slow down. Lisbon is the most expensive city with an average price of 2,753€ per square metre at the end of this year’s second quarter, i.e. 1,500€ higher than the national average price of 969€ per square metre. Continue reading

Mortgages in Portugal

Since interest rates are low, financing the purchase of a property through a national bank loan could be an interesting option, especially because since 2010, Portuguese banks have not been lending as much as they are now. During the first four months of this year, almost 3 billion euros were lent for the acquisition of property. Continue reading

Portugal’s New Popularity

Everyone who recently visited Portugal must have felt it’s new vibe. It’s almost as if it awoke from a long rejuvenating sleep, presenting itself to the world in a more attractive shape since the end of the recession in 2013.

Hidden behind the big neighbour Spain for decades, Portugal suddenly overcame its unpopularity and became a hotspot for both visitors and investors. For its inhabitants this certainly did not come as a surprise as we have been asking ourselves for a long time why its varied natural beauty, superb gastronomy, welcoming people and rich cultural heritage have not been enough to convince many people to explore this country. Continue reading

2017 – What a Year!

It is now official: 2017 was the best year ever in terms of property sales, at least since 2009 when this sort of data was collected and registered for the first time.

It certainly does not come as a surprise that the Portuguese property market has seen a massive recovery since 2014, after a heavy 5 year recession period but probably hardly anyone anticipated such a fast recovery. A recovery which has become a new boom. Continue reading