News

Portugal's Rental Market prices up 9.4%

As demand continues to outweigh existing supply, the cost of rent has risen again. Provisional data from the INE revealed that in the first quarter of 2023, “the median rent of the 24 300 new lease contracts in Portugal reached €6.74 per square meter (€/m2).” This value represents a year-on-year increase of 9.4% in rental costs. Porto Metropolitan Area: median rent reaches 7.29 €/m2, representing an increase of 10.3% compared to the same period last year.

Portugal amongst top 10 European countries for remote workers

Portugal has emerged as one of the top 10 European countries for remote workers, according to a recent study. The country's favorable work-life balance, affordable cost of living, and excellent digital infrastructure have positioned it as an attractive destination for professionals seeking remote work opportunities. With stunning landscapes, vibrant cities, and a welcoming culture, Portugal offers an enticing environment for remote workers to enjoy both their professional and personal lives.

Tourism revenue up 50%

The tourism revenue in Portugal has surged by an impressive 50%. This significant increase highlights the growing attractiveness of the country as a preferred tourist destination, attracting visitors from diverse regions. The tourist accommodation sector registered 2.7 million guests in April, 16.5% more than in the same month of 2022, and 6.8 million overnight stays, an increase of 13.8 %.

Why British and American expats are choosing Portugal during the global economic downturn

The country's attractive lifestyle, affordable cost of living, favorable tax benefits, and high-quality healthcare system as key factors driving this trend. Portugal's stable real estate market, excellent infrastructure, and welcoming community also contribute to its appeal among expats. The article showcases personal testimonies and expert opinions to provide insights into the reasons behind this growing interest in Portugal as a preferred destination for British and American expats amidst the global economic challenges.

Increase in investment activity in Porto

The report highlights an increase in both domestic and foreign investments in the city, indicating a growing interest in its real estate market. Factors such as the city's vibrant culture, attractive property prices, and potential for high returns on investment have contributed to this upward trend. The article suggests that Porto's appealing combination of rich history, diverse neighborhoods, and promising economic growth has positioned it as an enticing destination for investors seeking profitable opportunities.

Portugal continues to be one of the most profitable destinations in Europe

Portugal continues to be one of the most profitable destinations in Europe. The report emphasizes the country's attractiveness for both domestic and international investors, citing factors such as a thriving tourism industry, competitive property prices, and a favorable business environment. The article also points out Portugal's resilience during challenging times, as it has managed to maintain steady economic growth and attract a diverse range of investments. Furthermore, Portugal's Golden Visa program and non-habitual residency status are noted as additional incentives for individuals seeking to invest and establish their residency in the country. Overall, the article underscores Portugal's enduring appeal as an investment hotspot within Europe.