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
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".
Along with the rest of Europe and many countries worldwide, Portugal is currently experiencing exceptional circumstances during the period of confinement due to the coronavirus outbreak in the country.
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.
Properties purchased in Portugal on credit can be rented out without restrictions and without the risk of worsening your mortgage conditions starting from 2020, provided that the rental contract mentions that there is a mortgage. Do you still have questions?
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.
Imagine you live in a rented property and the landlord decides that they want to sell it. Do you, as a tenant, have to authorise the landlord to allow visits to the property?
Small repairs inside the home or fixing something installed in the rental apartment often raises the question of who is responsible for paying these expenses: the owner or the tenant?
Often after moving, be that because of having changed to another rental house or bought a house, the previous electricity and gas contracts are still in force. In these cases, since the contract is in another person’s name, it’s necessary to change the titleholder.
Property owners in Portugal who take out home contents insurance cannot deduct it from their property income when they file their IRS income tax returns, because it is considered to be an optional extra by the tax authorities.
Within the scope of the IRS category F for declaring rental income, the
The next application period for the latest edition of the Porta 65 Jovem rental programme is coming up: it is scheduled to start at 10 a.m. on 16th April 2019 and end at 6 p.m. on 21st May 2019.
Renting a house in Portugal was 9.3% more expensive in 2018 than previous years, with the average cost per square metre for the whole country reaching 4.80 euro, which is 0.45 euro per square foot.
Renting an apartment in Lisbon is more expensive than it was a year ago, but the rise in prices is slowing down. In the second quarter of the year, rental prices in the Portuguese capital rose by 1.8% over the previous quarter and by 17% in counterpart terms.