It's called Villa Magna and it's an eco-resort located in Porches, in the Algarve, made up of 62 flats - with studio and one-bedroom types - located in self-sustainable buildings. At stake is a 25 million euro investment by property developer Livingroup.
It's called Royal Green and will bring 100 flats to Vila Nova de Gaia. This is a 14-storey development, three of which are underground, which will have a retail unit and a coworking space for residents to use, with a total area of 962 square metres (m2).
Today, families are faced with a high cost of living, rising house prices and even greater difficulty in obtaining a mortgage, due to rising interest rates. All these factors complicate the process of buying a house.
He discovered the wonders of central Portugal after decades in the Algarve, realising that its beautiful rural areas are increasingly on the radar of those who, for one reason or another, prefer to avoid the tourist centres and cities.
The current macroeconomic environment is challenging, characterised by still high inflation and high interest rates that affect the profitability of businesses. But in this uncertain context, investing in the property market may even be the first line of defence to protect capital.
The house-buying business is changing in 2023. At a time when it is more difficult and more expensive to pay off a mortgage and purchasing power continues to be squeezed by inflation, the number of houses sold in Portugal is falling and prices are tending to stabilise in our country.
Portugal has an incredible coastline with the Atlantic Ocean as a backdrop, and there are several towns on the coast that have sea views to make you feel like you're on holiday all year round.
A new residential condominium is being built in Barreiro with seven flats. The development is called Barreiro 20 and will be officially launched in January 2024, when construction work is due to start.
The O'Living residential development, developed by Mexto Property Investment (Mexto) and signed by the Saraiva e Associados architecture studio, is attracting many Portuguese buyers.
The slowdown in the Portuguese property market "is proving to be less pronounced than expected, at least in terms of house prices", according to a study by CaixaBank Research, which has improved the country's growth forecasts for 2023.
New trends are forming in the new economic context. With the pressure on purchasing power and rising interest rates on home loans, families are looking for cheaper homes to buy in order to borrow less from banks.
The demand for housing in Portugal continues to grow and there are areas that, for various reasons, are attracting more interest from investors - both domestic and foreign.
Today, families are experiencing reduced purchasing power and access to housing is more difficult. In order to buy a house compatible with their income and pay a lower mortgage instalment, some people are thinking of moving to the interior of the country.
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
Buying a home in Portugal is becoming more expensive and the pace of increases shows no signs of slowing down. In the 4th quarter of 2021, the median price of the average family home in Portugal stood at 1,355 euros per square metre (euros/m2), reaching a new all-time high.
Palheiro Village is a development located in São Gonçalo in Funchal, offering excellent conditions for living or holidaying.
This development comprises 70 properties, currently with 18 three and four bedroom villas, three urban plots and one rustic land under commercialisation.