Property News

The Minister for Territorial Cohesion, Manuel Castro Almeida, has said that the new land law has been designed to facilitate middle-class access to housing, putting “more and cheaper houses” on the market.

Group’s mid-term investments to exceed €100 million

Lisbon is rapidly becoming a top destination for British expatriates and investors. The city’s dynamic culture, thriving tech industry, and prime location are key factors contributing to its growing allure, according to the Portuguese Chamber of Commerce.

The Revive program in Portugal will incorporate five more vacant historic properties to be transformed into hotels, according to the Government.

Construction sector production is expected to register real growth of 3% to 5% this year, to €23.7 billion, after having increased 3% in 2024 and 3.4% in 2023, according to the AICCOPN association.

Those who live in rented accommodation in Portugal saw their rent increase by an average of 7% in 2024. 

This growing demand for the Algarve as a destination to visit or live in has had an impact on the rental market, resulting in a significant increase in rental prices. 

The industrialization and de-bureaucratization of the construction sector are crucial to addressing the housing needs in Portugal. 

Portugal’s housing market has witnessed a remarkable surge in new construction permits, reaching levels not seen since 2008. 

Housing prices in the European Union continue to rise, with Portugal standing out among the countries with the biggest increases.

Housing prices in Portugal are expected to continue rising until at least 2026, driven by structural challenges in the construction sector and growing demand. 

Real estate developer Carvoeiro Branco has announced the successful sale of the Boca do Rio property to the municipality of Vila do Bispo.

A new study has shown that higher density levels of Holiday Accommodation (AL) tends to attract new tourist-oriented businesses, such as restaurants and bars, while it helps small food retailers to maintain their activity.

Banco de Portugal has released the most recent data on credit granted to individuals, revealing a slight slowdown in the sector, but maintaining historically high levels, especially in real estate credit.

A campaign from real estate agency Remax has seen 2,795 properties put up for sale at reduced prices until 28 February. 

The prices of houses for rent in the Algarve rose 7.7% in December 2024 compared to the same month of the previous year. 

Every year, municipalities set the Municipal Property Tax (IMI) rates to be charged the following year. In 2025 most municipalities will charge the minimum rate (0.30%).

Sintra City Council has approved a set of investments exceeding 10 million euros to reinforce the housing supply in the municipality. 

Prices for rental homes ended up rising 4.7% in December 2024 compared to the same month the previous year. This means that renting a house in Portugal has a median cost of 16.2 euros per square meter (euros/m2) at the end of December 2024, one of the highest values ​​of all time, reveals the idealista price index...

The prices of houses for sale in Portugal, due to various circumstances, maintained the upward trend of recent years in 2024. 

Lisbon reinforces its position as a prominent destination in the luxury real estate market, taking 4th place in the ranking of European cities with the greatest potential for appreciation in 2025.

Portugal is the 7th European country where house prices rose the most in 2024, according to the European Residential Report, released by BNP Paribas Real Estate in partnership with Worx Real Estate Consultants.

International citizens bought houses that were 67% more expensive than Portuguese citizens in the summer of 2024.

Property prices in Portugal continue to rise however there are places where you can still grab yourself a bargain.