Buying a house in Portugal?
Places where prices have risen the most. Leiria (2%), Santarém (1.9%) and Lisbon (1.4%) led the price rises. House prices in Portugal rose 0.8% in January compared to the previous…
What if you received a subsidy of 1,920 euros to live in a 100 square meter house?
The real estate market is still buzzing, with prices not slowing down much. The shortage of supply, together with rising interest rates, is increasing the pressure on the Portuguese. In…
Contractor scam in Lisbon and Porto – Deposit paid, contractor gone
“Complaints are daily.” Scams with contractors shoot up in Lisbon and Porto and despair owners: there are those who receive the deposit and do not even start the works. Scams…
Municipal Property Tax 2024: Simulator helps calculate the amount to pay
Understanding how much you will pay in IMI is essential to ensuring a balanced family budget. The Municipal Property Tax (IMI) is an annual tax levied on the ownership of…
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…
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”…