Financial advice in Portugal

The era of the cheapest mortgages ever in Europe came to an end in 2022, after interest rates on home loans on the continent rose to the highest levels in decades, due to high inflation. But this hasn't stopped the demand for mortgages to buy a house in Portugal.

Can I buy a house in Portugal with Bitcoin?

The global macroeconomic context has changed and the effects on the housing market in Portugal and across the world are increasingly evident. But will house prices drop in Portugal?

In Portugal there are currently between 660 and 680 thousand people living in a situation of severe energy poverty, i.e.

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

Mortgage comparison websites are the best way to find the mortgage that best suits the situation and the specific needs of consumers.

What is energy poverty?

The European Commission (EC) has unveiled its autumn macroeconomic forecasts for 2022 and 202 and, in general, it did not bring good news for Portugal. The EC revised inflation in Portugal upwards to 8% in 2022, although this is lower than the average for the Eurozone (8.5%).

Is Portugal's golden visa ending?

At a time when the energy crisis is looming over Europe, Portugal, France and Spain have made history. The three European countries have agreed on what is known as a green energy corridor, which will supply the European space with natural gas and also green hydrogen.

Is Portugal going into a recession? The prime minister, António Costa, has reassured the Portuguese people that "it is not foreseen in the macroeconomic scenario" of Portugal "any recession next year", stressing that the country "will continue to grow".

High inflation continues to leave its mark in Portugal, with various foodstuffs and basic everyday products rising in price. When it comes to the cost of food in Portugal, this is the case, for example, with bread, which rose 15% in Portugal in August 2022 compared to the same month last year.

If you own a property in Portugal, transferring your mortgage to another bank is an operation that can help you save some money and get better bank financing conditions.

The prices of goods and services are usually updated at the beginning of each year. But the inflationary spiral that is raging in Europe is causing this update to be brought forward.

The Minister of Infrastructure in Portugal, Pedro Nuno Santos, has stated that the government is monitoring the pressure of rising interest rates on household income and is "prepared to study measures", in addition to the 2% limit introduced in the updating of rents.

When it comes to buying a house in Portugal with a mortgage, one must bear in mind that it is necessary to pay a set of expenses and taxes associated with the loan. That's why it's important to have savings available before buying a property and taking out a mortgage in Portugal.

The ghost haunting construction costs continues to hover over the sector 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 t

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.