Exports up 13% in July 2018
Exports of Portuguese goods grew by 13% in July this year, at an accelerated rate compared to imports. Compared with the same month last year, overseas sales were up 13% while purchases from [...]
Rents to rise 1.15% next year
The price of renting an apartment in Portugal is set to rise 1.15% in 2019 – the highest since 2013. According to the National Statistics Institute (INE) says it reflects inflation which [...]
Portuguese house prices climb for 16th consecutive month
House price valuations made by banks for the effects of mortgage concessions have achieved their highest levels in 10 years. In July average values soared for the 16th consecutive month reaching [...]
Portugal has the fourth highest receipts from tourism in Southern Europe
Portugal ranks in fourth place when it comes to receipts from tourism in Southern Europe. The country obtained a total of US$17.1Bn (€14.613Bn), an amount that places the country in fourth place [...]
Building jobs double thanks to property boom
Portugal’s property boom has generated around 35,000 jobs for the sector this year, twice the number recorded for the same period in 2015. Prices have soared, sales have skyrocketed and the [...]
Hotel bookings fall as short-term rentals increase
Hotels in the Algarve and all across Portugal have taken a blow this summer due to the falling number of guests, particularly British holidaymakers. The falloff in British hotel room bookings [...]
Algarve hotel stays up 11.2% in May 2018
Hotel stays in Algarve hotels were up 11.2% in May 2018, according to the Portuguese statistical institute (INE). The region continues to be responsible for the largest number of hotel stays in [...]
Ryanair CEO warns of air traffic risks of Brexit
Ryanair CEO Michael O’Leary was one of the keynote speakers at the IVth National Conference on Residential Tourism and Golf which ran at the Estoril School of Tourism on 11 April. “How [...]
