News

Why Did Portugal Terminate Its Golden Visa Explained

Portuguese authorities have announced that the country’s residence by investment programme will no longer be available. The decision has been pushed by the ongoing housing crisis in the country, as housing prices have soared while Portuguese wages have remained the same.

What you should know about the Portuguese Real Estate Market

If you're a foreigner looking for an exciting and vibrant place to live, work and invest, Portugal is an excellent choice. With its sunny weather, stunning natural beauty, and rich cultural heritage, Portugal has become one of the most popular destinations for expats and foreign investors alike.

1 house built for every 9 sold

Data from the National Institute of Statistics (INE) shows that in addition to the empty houses that exist in Portugal, only one house was built for every nine houses sold in the country between January and September 2022.

Portugal takes measures to address local housing crises

The Portuguese government has announced the end of its Golden Visa program. The decision was made to address the local housing crisis and soaring real estate prices. Additionally, restrictions on Airbnb rentals have been implemented to curb the impact of short-term rentals on the housing market. The government aims to redirect investment to low-density areas in need of development and to encourage long-term rental contracts to increase the availability of affordable housing.

House rents rise again

House rents per square meter (m2) increased by 3.6% in January compared to the same month of 2022, accelerating from the 3.3% in the previous month and with all regions showing year-on-year increases.

35% of buildings in Portugal need repairs

A new study in Portugal shows that 35% of buildings in the country require repairs. The study highlights the need for investment in the maintenance and preservation of the country's existing housing stock, especially in older buildings. The findings stress the importance of addressing this issue to ensure the sustainability and longevity of Portugal's housing infrastructure.