Property News

New homes in Portugal are sold for an average value of 50% higher than that of used homes.

The old regime for non-habitual residents (NHR) is replaced by the Tax Incentive for Scientific Research and Innovation (IFICI+).

The reduction in interest rates on real estate loans together with the IMT exemption for young people are encouraging the purchase of houses in Portugal. 

The Lisbon Metropolitan Area continues to be the sub-region with the highest rents, with properties rented at 13.53 euros per square meter, around 69% above the national median.

Portugal recorded, in October, the biggest increase in production in the construction sector, with an annual increase of 6.9%, well above the increase of 0.2% in the eurozone and a decrease of 0.8% in the European Union (EU).

This project transforms an area that has been abandoned for more than 25 years, promising to create more than 3,000 jobs.

Comporta has been highlighted as a luxury destination of choice for real estate investors, gaining momentum as the “New Hamptons” of Portugal, according to the founder of HomeLovers, Miguel Tilli.

The median bank appraisal value for housing rose 13.7% in November compared to the same period last year, standing at 1,740 euros per square meter (euros/m2), according to data released by the National Institute of Statistics (INE). 

Lisbon is the 10th most attractive city to invest in real estate next year.

The Vale da Pipa project, an initiative by Carvoeiro Branco to deliver 304 affordable homes in Lagoa, has received overwhelming public interest. 

Finding a house or apartment that costs more than 1 million euros in Portugal is easiest in Lisbon and Faro. This is because these two districts alone account for more than 50% of the supply available in November, data from idealista reveals.

At issue is a new tax regime for attracting qualified workers, particularly in the areas of scientific research, to which an IRS rate of 20% will be applied.

Porto was in eighth place in a ranking that brings together 30 cities around the world, while Lisbon was the 11th city where housing prices rose the most.

Portugal recorded one of the worst increases in housing costs in the last year. Behind this increase is the lack of housing supply that has not kept up with the country's population growth, largely driven by immigration, concludes the OECD. 

The real variation in housing prices in Portugal in the last decade is more than double that seen in the OECD and four times more than in the Eurozone.

Housing continues to be the main concern for 3 in 10 Portuguese people.

The construction industry in Europe is experiencing a dynamic shift, driven by artificial intelligence (AI) and the rapid adoption of modular building systems. 

Specialist business property adviser Christie & Co has launched its latest Portugal Hotel Market Snapshot, revealing the key trends in the Portuguese market for the first half of 2024. 

The AGCP office, which helps foreign investors establish themselves in Portugal, recorded a 50% increase in interest from North Americans in the country, especially those coming from California. 

Where can you find houses up to 69% cheaper than in Lisbon? 

Santarém is home to 3 of the 10 municipalities where the prices of houses for sale have risen the most.

The first diploma has already been approved by the Council of Ministers and will free up land in Serra de São Mamede, in Portalegre.

In October, the cost of building new homes increased by 4.2% compared to the previous year, 0.9 percentage points (p.p.) more than in the previous month, according to provisional data from the National Statistics Institute (INE).

Portugal has taken a decisive step to address its housing challenges by approving a significant change to land-use laws.