Financial advice in Portugal

Everything indicates, except in the case of unexpected surprises, that the Portuguese will benefit in 2020 from an increase in purchasing power, thanks to improved economic conditions and falling unemployment, together with an expected rise in wages, on average, above inflation.

Every year, municipalities have to determine and communicate to the Finance Department by December 31st, the amount of Municipal Property Tax (IMI) for real estate they intend to charge owners in their respective municipalities.

Do you want to buy a house at a lower price than those on the market? Then maybe properties pawned and sold at auction are a good option for you.

The electricity bill is one of the most costly charges for households in Portugal, but the good news is that the amount to be paid will fall for the third consecutive year.

Renew the credit agreement  But what does this mean? It's a term used by banks and it's important for all mortgage consumers to know how to avoid losing their home in the event of default. After all, life can be complicated and it is best to be prepared and well informed about how to act.

Natural gas prices in Portugal will drop from 1st October 2019. Rates will drop by 2.2% for the 277,000 consumers that remain in the regulated market, which represents about 3% of the total national consumption.

At a time in which banks seems to be more open to loaning money to buy properties, there are some nearly incomprehensible terms in the wording of mortgage loans which need to be decoded.

House prices in Portugal continue to rise, albeit at a slower pace.

If you have a second house in Portugal, it may often necessary to send money there to pay for bills, taxes and other living expenses, but it’s sometimes difficult to know how to do it, whether with banks or with money transfer companies.

Home loans (and other types of loans) are becoming more and more complex, with contracts written in excessively technical language that seems like it’s deliberately difficult for the consumer to understand, so you can’t make a truly informed decision between different banks and compare their mortgag

The difference between buying a house in Portugal being a resident or not depends on the purpose of the house. If you buy a house to live in Portugal, you are buying a permanent home and are a resident, but if you do not live in Portugal and you buy property there it will count as a second home.

Property owners in Portugal who take out home contents insurance cannot deduct it from their property income when they file their IRS income tax returns, because it is considered to be an optional extra by the tax authorities. Within the scope of the IRS category F for declaring rental income, the

The Addition to the Municipal Property Tax (Adicional ao Imposto Municipal de Imóveis or AIMI) is, as the name implies, a tax levied on real estate assets. It was created relatively recently, in 2017, and many property owners in Portugal don’t know they have to pay the AIMI.

Are you going to change houses, selling one and buying another, but are worried about the capital gains tax to be paid?

The Portuguese Tax Authority (Autoridade Tributária or AT) closed 2018 with a cash inflow of 31.5 million euro from revenue from the Municipal Property Tax (Imposto Municipal sobre Imóveis or IMI) paid on dilapidated, vacant or ruined property.

Portugal as a country is on the right track economically, but there is still much to do to promote more inclusive and sustainable growth.

We all want to be warm this winter, but sometimes cranking up the thermostat can leave you with a hefty fuel bill at the end of the month.

The new year brings with it new goals and desires, be it eating healthier, going to the gym or running more. Still, it’s important not to forget about personal and family finances, and to still be ready for any future eventuality.

Portugal’s tourist accommodation business is booming, with short-term tourist lets becoming ever more profitable and popular.

Retirement age is finally here, and you have big plans – moving to Portugal. And we salute you for your wise decision. With 3000 hours of sunshine per year, some of Europe’s most stunning beaches, beautiful cities and friendly people, Portugal sounds like the right choice.

Sending money in Portugal isn’t expensive or difficult. However, you do need to compare different services and their rates to find the best deal for you.

Once you’ve decided where you want to buy property in Portugal and how much you can expect to pay based on average house prices there, you’ll also want to know about the price of upkeep and maintenance.

To buy or not to buy a house? That is the question. There is always someone trying to work through this dilemma. Should I buy? Should I wait? The decision is never easy.

The law on negative Euribor (lei da Euribor negativa) was approved in the Portuguese Parliament and will bring about new changes. The measure is intended to oblige banks to apply Euribor in full to mortgages on real estate.

Urban regeneration is not only in vogue, it's here to stay. It’s a sector that has also introduced a new dynamic to the Portuguese real estate market.