Portugal News
Immerse yourself in Portugal: Stay updated on property trends, regional insights, and the enriching lifestyle tapestry of a unique nation
Paredes Municipality to build 405 new houses and renovate 122 under PRR
Paredes Municipality in Porto region plans to build 405 new houses and renovate 122 others with a total investment of over €64.3 million. The project will be supported by the Recovery and Resilience Plan (PRR). The municipality has submitted applications for PRR funds...
Eurozone Trims the Fat: Deficit Shrinks While Portugal Surprises
The European statistical office, Eurostat, reported positive developments in the eurozone's fiscal health for 2023. The public deficit, a key indicator of government spending versus income, saw a modest decline from 3.7% of GDP in 2022 to 3.6% in 2023. This decrease...
North Americans find Portugal a prime spot to live and for real estate investments
In recent years, Portugal has emerged as a prime location for North Americans looking to invest in real estate abroad. According to industry insights, approximately 40% of homes purchased by American citizens are located in Lisbon, with 13% in the Algarve and 9% in...
Portugal secures ‘A’ classification from leading Ratingt evaluation agencies
On the previous Friday, Standard & Poor's (S&P) enhanced Portugal's credit rating from BBB+ to A-, endorsing a positive outlook. This marks the return to an 'A' rating for Portugal across all four key rating agencies after a thirteen-year hiatus. Previously in...
Portugal. The 5th fastest growing OECD country in 2023
In a significant economic performance amid a global slowdown, Portugal distinguished itself as the fifth fastest-growing economy within the Organization for Economic Cooperation and Development (OECD) in 2023. The country achieved a commendable 2.3% growth in Gross...
Ryanair Takes Flight: 14 New Routes Expand Horizons for Portuguese Travel
Portugal is about to become even more accessible to travelers thanks to Ryanair's exciting expansion. The popular low-cost airline recently announced 14 new routes for its summer 2024 schedule, marking its biggest Portugal program yet. This expansion, unveiled on...
Portugal’s Pioneering Efforts in Sustainability and Renewable Energy Consumption: A Paradigm for Real Estate Investment
Portugal has become a global leader in the transition towards sustainability, particularly in embracing renewable energy sources. This commitment not only sets Portugal apart on the international stage but also holds profound implications for the real estate sector....
Understanding the Latest Updates to Portugal’s Non-Habitual Resident (NHR) Program
As the clock strikes midnight on January 1, 2024, Portugal is rolling out a series of transformations following the implementation of Decree-Law no. 109/2023.
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