Property News

Parliament has voted against the motion of trust presented by the Government, meaning that new elections can now be held in May.

The real estate sector does not believe that the development of the branded homes segment in Portugal could contribute to increasing housing prices, given that they are for a luxury market, with no impact on traditional homes.

The costs of building new homes will have increased by 3.1% in January compared to the same month last year, estimates the National Statistics Institute (INE). 

Savills predicts that the value of 'prime' properties could increase between 4% and 6% in Lisbon in 2025. 

The cost of renting a house in Portugal is slowing however, in Évora, Faro and Funchal the cost of renting a house soared in February compared to a year ago.

In 2024, house prices in Lisbon increased by 5.5% compared to 2023, considering the annual variation rate recorded by the Residential Price Index in December, published by Confidencial Imobiliário. 

Services supporting modular construction projects are expected to increase by 221% in Portugal in 2025, according to Fixando, following the growth in demand of 117% in 2024 and 148% in the first month of 2025.

Foreign direct investment in Portugal rose by 13.2 billion euros in 2024, 3.5 billion of which were in real estate, bringing the stock of foreign direct investment to 71% of GDP.

The South and the Islands continue to lead in terms of higher prices, while the North and Center maintain more affordable options for both renting and buying.

Those interested in the new Tax Incentive for Scientific Research and Innovation (IFICI) will have two more weeks to submit their applications to be able to take advantage of favourable tax conditions in Portugal.

The forms that allow foreign workers or non-residents in Portugal in the last five years to benefit from the new tax incentive for scientific research and innovation (IFICI) are now available, and registration can be done on the Finance Portal.

A quarter of homes with rents of up to €750 were rented in less than 24 hours at the end of 2024, according to data from idealista.

The National Statistics Institute (INE) has reported that interest rates fell to 3.978% in January 2025, this being the first time that this rate has been below 4% in 18 months.

A Spanish town located near to the Portuguese border that is looking for new residents to boost its local economy. 

On 20 February, at 6:30 pm, the Faculty of Economics of the University of Porto (FEP) will host the seminar "Luxury Real Estate Trends in Portugal", an event that promises to provide an in-depth analysis of the luxury real estate market in the country. 

The latest Real Estate Sector Sensitivity Index (ISSI) - calculated by idealista based on a survey of professionals in the sector - reveals that real estate agents remain more confident in the positive evolution of the home buying and selling market than the rental market in the first quarter of 2025. 

According to a study by CBRE, 70% of investors believe that the market has already recovered or will recover throughout the year.

It is predicted that between 2025 and 2027, there will be a slowdown in the rise in house prices, despite the fact that we continue to see a fall in interest rates on mortgage loans.

Portugal is speeding up processing times for applications to the Golden Visa program, following long delays in the processes, which ended up “tarnishing” the image of the program. 

According to Savills’ latest Prime Office Costs report, prime office rents rose by 0.3% globally and office space costs rose by 0.2% in the final quarter of 2024, as demand for high-quality office space continues to grow in many markets around the world. 

Registrations for the upcoming Moving to Portugal Show and Seminars, taking place in London on 3rd April 2025, have jumped by 33% since the last Show in October 2024.

The Portuguese capital ranks 10th among the cities where house prices have grown the most in the last year, with an increase of 5.3%, surpassing Paris, London or New York.

Young people who are classed as Generation Z, are leaving their parents' home later not for cultural reasons, but because of increasing difficulties in accessing housing, concludes a research project on Southern European countries.

A company from Porto Alegre is investing heavily in luxury residential developments. Nomad Capital was founded by Frenchman Alexandre Mansour, who has lived in Portugal for nine years.