After Gold comes Green

On January 11, the Portuguese parliament voted in favour of the introduction of the Green Visa, an extension of the existing Golden Visa scheme.

The introduction of the Golden Visa programme in 2012 with the aim to attract investment from wealthy foreigners willing to invest at least 500,000€ in property or create 10 jobs in Portugal, is considered a huge success by some due to the huge amount of generated investment (around 4.2 billion euros, of which 3.8 million were invested in property) and an untransparent scheme, associated to corruption and money laundering, by others, including Transparency International. Continue reading

2018 – Another record year!

2017 has so far been the best year ever in terms of properties sold in Portugal, at least since 2009 when this sort of data was collected and registered for the first time. Although official data from National Institute for Statistics (INE – Instituto Nacional de Estatística) will not be released until March, it is already clear that last year is the new record year. 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