In the midst of the COVID-19 pandemic, how is the rental market in Portugal behaving in terms of prices? At the start of 2021, rental prices in Portugal fell 0.4% in January, settling at 11.2 euros per m2.
With the recent worsening of the COVID-19 pandemic, the Government in Portugal has announced that it will broaden the criteria for allocating support to renters who need assistance in 2021 due to the COVID-19 pandemic after losing income.
Buying a house is never an easy decision, and if you're not yet ready to take the big step of buying property in Portugal, a lease option could just be the perfect chance to get a taste of your future home before you invest.
In Portugal, many people choose a rent-to-buy lease option because of
There is more help on the way for renters in Portugal in 2021, as MPs have approved the extension of the exceptional regime for late payment of rent in the housing market due to the COVID-19 pandemic where residential tenants get assistance with the rent they have to pay.
The Portuguese government has decided once again to extend the law that bans the termination of rental contracts which are due to expire to continue to protect families during the coronavirus pandemic in Portugal.
Moving to Portugal is both exciting and daunting, and one of the biggest questions that arises amongst expats is whether to buy or rent property in Portugal.
The Portuguese Government has revealed that it wants to create a pool with currently vacant (or available) properties across the country, that will be turned into affordable rental housing.
The average value of housing rent in Portugal registered a monthly variation of -0.2% in May 2020, a value 0.3 percentage points (p.p.) lower than that registered in April.
In which areas of Lisbon and Porto is it more attractive and/or profitable for owners to put their houses up for rent? A recent study, "Investir no Mercado de Arrendamento" (Investing in the Rental Market), conducted by the real estate consultant JLL, seeks to answer these and other questions.
There will be changes to the extraordinary support for rental payments from July onwards in Portugal, following a proposal presented by the Government and approved in Parliament at the end of May 2020.
The government's proposed law that extends the rental support measures that allow tenants in difficulties to use a loan to pay rent and non-residential tenants to defer rental payments has been approved in Parliament.
"The Assembly approved a proposal from the government that extends the
The Minister of Infrastructure and Housing in Portugal, Pedro Nuno Santos, has revealed that the possibility of extending the period for granting loans by the Institute of Housing and Urban Rehabilitation (IHRU) is being studied.
Rental market prices, namely in Portugal's capital Lisbon, have skyrocketed in the last few years, as has been in the case for the purchase and sale of property in the city.
To extend the supply of houses for rent at affordable prices, mobilising properties belonging to public entities, such as former police barracks, with a conversion into housing which is "easy and fast to execute".
The initiative of António Costa's socialist government to protect the rental market from the impacts of the crisis caused by the COVID-19 pandemic is a two-faced coin. It determines, on the one hand, that landlords can benefit from interest-free loans to compensate for the lack of rent payments.
The Portuguese parliament has adopted several temporary exceptional measures in the housing field due to the coronavirus outbreak, including the suspension of evictions, the termination of house rental contracts and the foreclosure of mortgages.
The Government in Portugal has decided to suspend lease agreement deadlines and renewal periods to protect tenants in what is an exceptional period of restrictions on the movement of people, given the coronavirus outbreak in Portugal.
If you rent out a property in Portugal then be aware that there are some changes in the amount of income tax (IRS) that you will have to pay on your rental income when it is declared.
Renting out your holiday home the rest of the year while you are not using it can be an additional source of income. The Portuguese real estate sector is currently very dynamic, and demand is on the rise, often exceeding supply so that higher rents can be charged.
Searching for a property to rent can be a complicated mission, either because of a lack of availability or due to high prices. Can pets be another obstacle in this process?