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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
