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Despite tighter controls on the Bank of Portugal home loans skyrocketed to €900 million in July. The same month the BdP issued recommendations to banks and credit concession agencies to limit [...]

Revenues from tourism in Portugal hit €7Bn in the first half of 2018, an increase of 14% on the same period in 2017. The results reflect higher prices charged for hotel rooms and tourism [...]

The Bank of Portugal and IMF have warned that soaring house prices in Portugal are leading to a hyper-inflated property market which sooner or later could crash. Citing speculation driven by [...]

Portugal’s ballooning debt shows no sign of slowing. It rose €4.3Bn in April with an extra €300 million on the public debt in May. Portugal has once again hit a new record with Portuguese public [...]

Portugal’s total debt increased €4.6Bn in April hitting a new record of €724.3Bn. Portugal’s public sector was the main reason why the debt ballooned as a result of debt issuance (sovereign [...]

We recently went to the notary to complete the purchase of an apartment closer to the centre of town. The deed we signed is in the same form as 30 years ago, but the surroundings and the notary’s [...]

The Bank of Portugal has frozen Montepio’s capital investment fund on the grounds the product lacks transparency.   The fund was advertised through branches of Caixa Económica Montepio Geral [...]