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.
We cannot deny that life has changed in Portugal and throughout the world, and that many things are still to change as a result of the coronavirus pandemic. Life after COVID-19 is starting to take shape with some changes already evident.
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 deadline f
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.