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    Property

     Higher IMI property tax for guest house apartments
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    By Fernando Caetano
    In AI, News, Property, Property Tax
    Posted 17 Março, 2023

    Higher IMI property tax for guest house apartments

    The Portuguese Government says that it will only raise IMI property tax on self-catering apartments used for tourists. But it may eventually mean that if just one apartment in a building with [...]

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     House prices rise in February
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    By Fernando Caetano
    In House prices, News, Property
    Posted 15 Março, 2023

    House prices rise in February

    House prices in Portugal went up by 1.5% in February, bucking a recent slowdown in prices trend seen in December last year and January this year. According to Confidencial Imobiliário house [...]

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     Monsieur La Palice’s answers to Portugal’s Housing Problem
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    By Fernando Caetano
    In Housing, News, Property
    Posted 8 Março, 2023

    Monsieur La Palice’s answers to Portugal&...

    La Palice was a French soldier, from the XVI century, about whom songs were written. Then a verse of one such song was changed, to something like: “if he hadn’t died, he would be [...]

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     Housing Package slammed as “attack on private property”
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    By Fernando Caetano
    In Associations, Housing, News, Property
    Posted 20 Fevereiro, 2023

    Housing Package slammed as “attack on private p...

    Portugal’s new Housing Package unveiled on Thursday last week was bound not to please anyone. And thus it has proved to be; labelled as “an attack on private property” which showed Portugal was [...]

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     Ratio of houses sold to built 10-1
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    By Fernando Caetano
    In Housing, News, Property
    Posted 17 Fevereiro, 2023

    Ratio of houses sold to built 10-1

    In the past five years, for every 10 homes sold, only one has been built in Portugal according to the National Statistics Institute (INE). The online news source ECO reports that since 2018 [...]

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     Portuguese would need to save 30 years of salary to buy a house in Lisbon
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    By Fernando Caetano
    In House prices, Housing, Property
    Posted 17 Fevereiro, 2023

    Portuguese would need to save 30 years of salar...

    A study by NetCredit has revealed that the French, British, Spanish and Germans would have to save less of their average salaries to buy a property in Lisbon than the Portuguese to acquire a [...]

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     VIC Properties abandons Project Rise sale
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    By Fernando Caetano
    In Construction, Development, News, Property, Real Estate
    Posted 3 Fevereiro, 2023

    VIC Properties abandons Project Rise sale

    The real estate developer VIC Properties has decided to withdraw from the sale of what could have been one of the biggest property deals in Portugal in 2023. It has withdrawn both the Prata [...]

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     Kronos closes 2022 with €465M
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    By Fernando Caetano
    In News, Property, Real Estate
    Posted 27 Janeiro, 2023

    Kronos closes 2022 with €465M

    The Spanish real estate developer Kronos, which in Portugal has the projects ‘The One’ and ‘Palmares Ocean Living Golf’, closed 2022 with a turnover of €465 million and estimates that it will [...]

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     Government rejects ban non-dom property investment ban
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    By Fernando Caetano
    In News, Property, Real Estate
    Posted 20 Janeiro, 2023

    Government rejects ban non-dom property investm...

    The Portuguese government has ruled out the idea of banning the sale of properties to non-resident foreigners because it would represent a “hard blow” to the economy. The idea, aimed at curbing [...]

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     House prices set to continue growth in 2023
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    By Fernando Caetano
    In News, Property, Real Estate
    Posted 9 Janeiro, 2023

    House prices set to continue growth in 2023

    House prices will continue to rise and rents will be more expensive in 2023 after last year’s record year for Portugal’s residential real estate market. The increase in the cost of buying and [...]

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