Economic crisis

Portugal provides numerous advantages to its residents, including a pleasant Mediterranean climate, low crime rates and beautiful landscapes. But is it expensive to live in Portugal? How much money do you need to live comfortably in Portugal?

Access to housing in Portugal, Europe and the US is becoming increasingly difficult. Families are faced with high house prices and high interest rates on housing loans. What's more, their purchasing power is still pressurised by inflation.

Chinese property developer Evergrande announced on Tuesday (18 July) net losses of more than €72bn over the past two years, illustrating the liquidity crisis that has rocked China's real estate sector. The company recorded net losses of 476,035 million yuan (€59,051 million) in 2021 and 105,914 mil

Portugal is the most vulnerable country in the so-called group of the world's most developed nations to rising interest rates and the discontinuation of cheap money programmes by the European Central Bank (ECB).

Households that are having difficulties paying the rent of their houses will be able to count on an extra support from this week in Portugal. This is because the rent support, of up to 200 euros, detailed in Portugal's Mais Habitação (More Housing) scheme is being paid from Monday 29th May.

What is the inflation rate in Portugal 2023? And what is the long term inflation forecast for Portugal?

In 2021, the Algarve was the second region in Europe with the greatest loss of wealth compared to 2019, that is, compared to the pre-pandemic period. Only the Balearic Islands, in Spain, had a greater fall in real GDP during the two periods under review.

Without having managed to give an effective answer to the housing crisis, which for several reasons has been worsening in Portugal in recent years, Portuguese Prime Minister António Costa has now decided to present a new plan of attack, called "Mais Habitação", which literally means "more

The property market in Portugal and on a larger scale has already proved its resilience, first in the pandemic crisis and now in the context of inflation marked by the war in Ukraine.

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 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".

Europe is facing an unprecedented energy crisis, triggered by the war in Ukraine, which is reflected in prices, supply and the economy.

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.

The European Commission says it is "reasonably optimistic" about Portugal's "rapid economic recovery" after the crisis generated by COVID-19 and believes that the way in which the country "controlled" the pandemic will benefit the recovery of tourism this summer.

The COVID-19 pandemic is already having and will continue to have unprecedented effects on the world economy, with a negative impact not only on the financial situation of companies, but also on households.

The new coronavirus pandemic is already leaving, and will continue to leave its mark on the Portuguese and world economy, with direct consequences in the real estate sector.

Housing prices in Portugal have increased in the last decade. In nine years, they have increased by 16.6%, above the average of 3.3% in the eurozone and above the world average of 15.4%.

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

Neither rent nor buy. That’s the reality for young people in Portugal, who are a long way off being able to afford a property at the current house prices.

Before the Property Bubble: Every single region in Portugal has seen property prices fall since the end of 2007 thanks to the global economic crisis. There was a small uplift in 2009 but then another steady drop until 2014, when the economy started to pick up again.