Financial advice in Portugal

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.

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.

In January and February 2022, the investment amount obtained through golden visas in Madeira was around 2 million euros. In total, four Golden Visas, officially known as Residence Permits for Investment Activity (ARI), were granted in the autonomous region.

If you live in Portugal, then it's time to start thinking about submitting your 2022 IRS Income Tax return.

Compensating the rise in prices of the real estate market is one of the priorities of the Regional Government of Madeira.

House prices continue to rise faster than wages in most of the 38 countries of the Organisation for Economic Cooperation and Development (OECD). And Portugal comes in fifth place on this list, with house prices surpassing salaries by almost 40%.

The real estate market proved its resilience during the pandemic, and should continue to remain dynamic and evolve positively, according to industry experts. For Jorge Bota, Partner at B.

A rise in interest rates on mortgages is a scenario that is on the table, and the European Central Bank (ECB) has already admitted the possibility of increasing the key interest rate in 2022.

Building a house is, for many, a life-long aspiration. Due to the pandemic, more families are now looking to swap city flats for villas in the suburbs and settle down with more space and peace of mind.

Buying property to put on the rental market is a viable investment option, but does it pay off in Portugal?

The "appetite" for acquiring land and development assets in Portugal is growing and approaching pre-Covid levels, including both national and international players, projects in various segments and with various scales, "based on a high demand from end users".

Portuguese real estate is "lively", even in times of pandemic. That is according to Frederico Abecassis, CEO of Coldwell Banker Portugal. Domestic demand has contributed to the strength of the market, but so have foreign families who want to come to live in Portugal.

Sustainability is increasingly becoming a watchword in the world today, and the same can be said for the real estate sector.

The energy efficiency of buildings is a topic that is increasingly on the agenda in Portugal.

When you think of the real estate sector you probably think of houses and apartments, but this important sector of the economy does not only comprise the residential segment.

Rental housing is a market that is staying buoyant, even in pandemic times. More and more families are renting their homes in Portugal. The price of houses for rent is showing signs of growth. Rental subsidies continue at a good pace, although they do not reach all families.

The cold continues to enter Portuguese homes. The lack of efficient homes in Portugal is a blatant issue and improving the energy performance of buildings is, today, a top priority both in Portugal and abroad.

Buying a property in Portugal - be it a flat, a house, a farm, or a plot of land - is a rather complex process and implies compliance with several legal requirements.