More than a third of Portuguese have moved house in the last five years
The most common reasons given for this change are economic or changes in the household. In the last five years, 36% of Portuguese people have moved house, with 7% having…
VAT reduced by 5%? Only for work on private homes
The reduced VAT rate of 5% can be applied to home repair or renovation services, provided that the property in question is used as a “permanent dwelling or vacation home”.…
Slowdown in real estate prices is a risk for non-performing loans in Portugal, warns DBRS
DBRS speaks of a prolonged period of inflation and high mortgage rates that could put the system under pressure, especially given the vast majority of variable rate mortgages in the…
House prices fall in Europe but continue to rise in Portugal
House prices have already fallen in the Euro-zone for two consecutive quarters, by around 2%, but Portugal is bucking the trend of falling house prices. According to Eurostat’s house price…
The Mold Problem: Damp houses and poor insulation
Damp, leaks and poor thermal insulation are problems that affect the majority of houses built in Portugal, especially buildings from the 60s and 70s. Houses that are cold in winter…
The Mold Problem: How to get rid of excess humidity at home
Portugal in winter. High humidity or excess moisture can damage materials or cause health problems. Learn how to keep humidity at the right level in your home. See the best…
Mercan Group invests 450 million to build eight more hotels
Construction starts this year, Mercan tells ECO. One of the new projects is the first Hard Rock Hotel in the country, to be built on Vau beach. The Canadian group…
Late publication of new AL tax absolutely unacceptable
President of the Association of Local Accommodation in Portugal, Eduardo Miranda, says that “this is yet another example of the disastrous way in which Mais Habitação was conceived and implemented”…
AL operators will have to pay CEAL in 2024.
Tax authorities publish coefficients on last day. The coefficients needed to calculate the extraordinary levy on the Accommodation Local sector were published in Diário da República on the last working…
“Cleaning up inactive ALs is necessary, but it was, and is, done very badly”
Local Accommodation: “Cleaning up inactives is necessary, but it was, and is, done very badly”, highlights Eduardo Miranda More than 80% of the 100 municipalities with the highest rate of…