The housing crisis is pushing lower-wage workers out of the centers of major European capitals, and Lisbon is among the most extreme cases. An analysis by the European Trade Union Confederation concludes that, in almost all capitals of the European Union (EU), the average rent for an apartment with up to two bedrooms exceeds the national minimum wage, forcing those who earn less to move away from the cities. Lisbon is at the top: it is the second capital where rent weighs most heavily on the minimum wage and one of those that has seen the most significant price increases in the last decade.

L Catterton Real Estate, an investment fund linked to the owners of Louis Vuitton, and Cedar Capital Partners have announced the creation of a strategic joint venture to build a benchmark platform in luxury hospitality in Europe and North America, with one of its first acquisitions being the Penha Longa Resort in Sintra, Portugal. The value of the transaction was not disclosed, but the property is estimated to be worth €140 million.

A new luxury escape has arrived in southern Portugal — and it brings together fine wine, literature and sweeping Atlantic views in one elegant setting.Set within the protected Salgados Nature Reserve, Wine & Books by the Sea, Algarve Resort has officially opened, offering a refined take on coast

Set within the stunning Palácio Condes da Ribeira Grande, Lisbon now boasts MACAM, a hotel that seamlessly blends luxury with over 600 works of contemporary art.