2022 was marked by inflation which further pushed up house prices in Portugal. In addition, building a house became more expensive and access to mortgages more difficult, since interest rates have also jumped.
Here at idealista we often like giving you a sneak peak around some of Portugal's best hotels, and this time we're heading to Ponte de Barca in the Peneda-Gerês National Park to discover Hotel Cotto do Gatto.
Portugal's Left Bloc (Bloco de Esquerda, also known as BE) has presented a bill to prohibit the sale of property to citizens or companies with headquarters or permanent residence abroad, as a way to combat rising prices in the real estate market in Portugal.
The prices of houses for sale are rising at high speed in several countries in the world. And to curb this increase, some countries have prohibited non-resident foreigners from buying property, as is the case of Canada and New Zealand.
More than 50% of workers in Portugal received salaries lower than 1,000 euros per month in 2022, a percentage that rises to 65% in the case of young people under 30, according to data from the Ministry of Labour, Solidarity and Social Security.
Portugal salaries in 2022 What's the