Financial advice in Portugal

Portugal is bracing for energy cuts and will follow the example of other European countries, such as Spain, limiting the levels of energy consumption in public buildings, private companies, commerce, services, industry and also in family homes.

When moving abroad, all things need to be considered, including the cost of living and specifics such as food prices. While Portugal is generally known for having low cost of living and being a cheap place to live, prices are on the rise.

Eurobarometer data from the end of 2021 highlights that 72% of European Union (EU) citizens say their country has benefited from being a member of the Union, although the percentage varies from nation to nation. In Ireland, for example, 95% of the population are happy to be EU members.

The war in Ukraine is affecting the European economy more severely than other major economies such as the US or China, reflecting the geographical proximity and important trade relations between countries.

It's official: inflation in Portugal rose by 7.2% in April 2022 and hit a 29 year high. The Institute of National Statistics in Portugal (INE) confirmed that the year-on-year change in the consumer price index (CPI) was 7.2% in April, up from 5.3% in the previous month and the highest since March 19

Portugal gas and electricity prices in 2022: Portugal was the 10th country in the European Union (EU) with the highest electricity prices for domestic consumption and the 13th for natural gas in the second half of 2021, according to the Energy Services Regulatory Authority (ERSE).

The real estate market has experienced another moment that has made history Portugal. The first house sold entirely in cryptocurrency happened on Thursday 5th May 2022. It is a 3 bedroom flat in Braga that was bought for three bitcoins, the equivalent of about 110,000 euros.

Euribor rates are part of the lingo that must be known by anyone who has or is going to apply for a mortgage in Portugal.

Portugal is among the countries in Europe that invest the most in cryptocurrencies, according to a study by XTB. In addition, it is among the states with the highest rate of women who invest money in this type of product. Ethereum leads the transactions, followed by Bitcoin.

The armed conflict between Russia and Ukraine has reignited the debate on the regulation of golden visas in Europe.