In the first quarter of 2022, 5.9% of property transactions were carried out involving buyers with tax address outside Portugal, according to data released by Engel & Völkers in its Market Report.
The Israeli group Fortera wants to build Portugal's tallest building in Vila Nova de Gaia (Porto), where it hopes to accommodate a 5-star hotel and a number of luxury apartments. The building, baptised as Skyline, will have 28 floors, and the investment is expected to be around 150 million euros.
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.
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.
Palheiro Village is a development located in São Gonçalo, Funchal, which offers excellent conditions to live or spend your holidays.
This development has 70 properties, currently with 8 houses of typologies V3 and V4, 3 urban lots and rustic land, in commercialisation.
Despite the current uncertainty about the real impact that the war in Ukraine will have on the economy, Cushman & Wakefield predicts a continued recovery of the real estate market in Portugal in 2022.
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.
Real estate developer Coporgest will invest 5.8 million euros in the rehabilitation of an old residential property from the beginning of the 20th century, in Lisbon, which it acquired at the beginning of the year and "will be mainly aimed at investors", for rent.
Buying a house is the decision of a lifetime. And there are many things you need to pay attention to in deciding whether or not it is the right time to buy a house. In general terms, the price, location, orientation and size of the house are still the most valued factors when buying a house.
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".
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.
As we are entering the New Year's period, saying goodbye to 2021 and looking forward to the year ahead, many of us have our own lists of goals, challenges and wishes. Do you already have yours? Or have you at least thought about it?
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.
Foreign investors will find it more difficult to obtain a gold visa as of January 2022, as the Portuguese government has put a brake on this regime. However, as the end of the current regime of rules and regulations for these visas approaches, interest has only grown in this opportunity.
The property market in Portugal is recovering the growth trajectory it was on before the Covid-19 pandemic, a strengthening driven in a large part by the recovery of investor confidence.
Buying a holiday home is part of the plans, but you still need to decide where? Funchal, in Madeira, Portugal, was considered one of the best locations on the planet to buy a second home. Why? The average price of housing is attractive.