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    Monthly Archive for: "Julho, 2020"
     The current and future state of tourism in Portugal
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    By Fernando Caetano
    In News, Opinion, Recommended, Tourism
    Posted 31 Julho, 2020

    The current and future state of tourism in Port...

    Tourism represents nearly 20% of Portugal’s GDP. It grew its revenues by 60% in four years from €11Bn per year to €18.4 between 2016-2019.  But now the industry is at a standstill with hopes of a [...]

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     Formula 1 returns to Portugal
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    By Fernando Caetano
    In Economy, News, Tourism
    Posted 31 Julho, 2020

    Formula 1 returns to Portugal

    Formula 1 racing is to return to Portugal after an absence of 24 years. By Michael Bruxo – Algarve Resident  The announcement was made last week by Portimão Mayor Isilda Gomes who said that [...]

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     Portugal property fair SIL returns in October
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    By Fernando Caetano
    In Events, News, Property, Real Estate
    Posted 31 Julho, 2020

    Portugal property fair SIL returns in October

    SIL 2020 – Portugal’s annual property fair — is back and will run this year from 8-11 October. The 23rd edition of the largest property fair in the country will again be hosted at its usual [...]

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     DBRS says Portugal better prepared for economic crisis
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    By Fernando Caetano
    In Economy, News
    Posted 31 Julho, 2020

    DBRS says Portugal better prepared for economic...

    The ratings agency DBRS says Portugal is more robust and better prepared to meet the challenges of the current economic crisis caused by the Covid-19 pandemic. DBRS, which stresses that the [...]

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     Government to provide €2.3Bn for affordable housing
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    By Fernando Caetano
    In News, Property, Real Estate
    Posted 31 Julho, 2020

    Government to provide €2.3Bn for affordable hou...

    The Portuguese Government is to set aside €2.3Bn of public money for affordable housing for rent. The project will use around 18,660 properties that are currently empty, according to the [...]

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     Lisbon office take-up could fall 30% in 2020
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    By Fernando Caetano
    In Economy, News, Property, Real Estate
    Posted 31 Julho, 2020

    Lisbon office take-up could fall 30% in 2020

    Property consultants Worx fear that the office take-up market in Portugal’s capital will be down as much as 30% this year, closing 2020 with take-up of just 130,000 m2. The forecast was made in [...]

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     Work begins on Meliã Lisboa
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    By Fernando Caetano
    In Hotel, News, Tourism
    Posted 29 Julho, 2020

    Work begins on Meliã Lisboa

    Work has begun on the new Meliã Lisboa hotel, the first 5-star unit from the Spanish hotel chain in Portugal. The hotel will be located on the intersection between Avenida António Aguiar and [...]

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     BCP profits fall 55% with impairments of €109M
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    By Fernando Caetano
    In Banks, News
    Posted 29 Julho, 2020

    BCP profits fall 55% with impairments of €109M

    Millennium bcp has suffered losses of €109 million because of the Covid-19 pandemic, putting a dent in profits of 55%. The bank led by Miguel Maya suffered losses of €108.8 million for the bank [...]

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     Golden visa demand falls over pandemic
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    By Fernando Caetano
    In Golden Visa, Investment, News
    Posted 29 Julho, 2020

    Golden visa demand falls over pandemic

    Many overseas investors who had been considering moving to Portugal through the Golden Visa scheme have put their plans on ice because of the Covid-19 pandemic. And since most sectors of [...]

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     Bank property valuations hit new highs
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    By Fernando Caetano
    In Banks, News, Property
    Posted 29 Julho, 2020

    Bank property valuations hit new highs

    House valuation surveys undertaken by Portuguese banks hit a new all-time record in June. According to bank surveyors, the average value on property rose one euro to €1,115 per square metre in [...]

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