31 May
2019

Farfetch Moves Operations to Boavista Office Centre

Farfetch, an online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world, announced that it had moved about 500 employees from its previous offices at the Lionesa business centre to the Boavista Office Center, in ​​Porto.

31 May
2019

Goldman Sachs in Talks to Acquire B&B Hotels

Goldman Sachs, an American investment bank, is in talks to acquire B&B Hotels. The French-owned hospitality group’s portfolio includes eight hotels in Portugal.

31 May
2019

New Residential Construction Soars

According to data published by the Association of Civil Construction and Public Works Industries (AICCOPN) showed that 5,887 new residential developments were licensed in the first quarter of 2019, an increase of 27.9% year-on-year.

30 May
2019

Portugal’s property market consolidates and diversifies

Last year was a record year for Portugal’s property market, according to the Portuguese association of property developers and real estate investors (APPII).

29 May
2019

Luxury Portuguese resort reports strong growth

Quinta do Lago, an exclusive residential resort situated in the Algarve, recently released its new property market report ahead of the second quarter of 2019.

29 May
2019

The outlook brightens for Portugal’s property market

Although Portugal’s property market saw a slowdown towards the end of 2018, a recent housing market survey from the Royal Institution of Chartered Surveyors (RICS) and Confidencial Imobiliário suggests that it appears to have stabilised and is set to trend upwards, albeit gently.

29 May
2019

News update: Tax breaks for renovations as tech industry boosts property market

Portugal has generous financial incentives for overseas buyers, and now you can add 0% municipal taxes around Albufeira for anyone renovating.

29 May
2019

Hotel supply outstripping tourism demand warns association

The Portuguese Hotel, Restaurant and Tourism Association (APHORT) says that tourist demand is not keeping pace with Portugal’s mushrooming growth in hotels.

29 May
2019

4 of the world's most extraordinary homes are in Portugal

Portuguese architecture continues to be at the forefront of the cutting edge and is on everyone’s lips.

28 May
2019

New law helps track suspicious ‘non-agency’ property transactions

Money laundering through the real estate market is under further scrutiny and regulation with new rules from the government taking effect on June 26th.

28 May
2019

New luxury homes in Lisbon's Avenida da República will be exempt from IMI and IMT taxes

29 new luxury apartments are due to be built at number 95, Avenida da República in Lisbon and because of its status as a classified property, the buyers of any future apartments there will be exempt from having to pay the IMI and IMT property taxes.

27 May
2019

Visabeira in €70 million property selloff

Portugal’s Visabeira Group, which operates in the hotel, ceramics and crystal glassware sectors, has sold off properties worth €70 million.

26 May
2019

Chinese bond market 'an opportunity'

The head of Portugal's debt agency IGCP, Cristina Casalinho, said the issue of debt in Chinese currency was "an opportunity" for Portugal to continue to expand its investor base.

25 May
2019

Record tax take during ‘crazy year’ for real estate

Last year, 178,691 properties were sold in Portugal, 16.6% more than in 2017, an average of 490 homes per day.

25 May
2019

Quinta do Paço da Serrana To Be Converted into 4-Star Hotel

The Quinta do Paço da Serrana, which overlooks the Douro in the village of Boassas, the district of Viseu, will be converted into a 4-star hotel

25 May
2019

Emerging Tourism Markets See Significant Growth

According to Savills’ latest report on hospitality trends in Europe, cities such as Dublin, Lisbon and Madrid, and alternative operating structures, such as non-leased operating structures, offer higher income opportunities for investors willing to take more risks.

25 May
2019

Average Price Per Square Meter Reaches €2,216 in Historic Porto

According to an article in the Jornal Econômico, homes in the historic centre of Porto sold at an average price of 2,126 euros per square meter in 2018.

25 May
2019

Pestana to Build a 56-Flat Development in the Azores

In its first real estate investment in the Azores archipelago, the Pestana Group is planning to build a housing development with 56 flats in the centre of Ponta Delgada, in the Azores.

24 May
2019

Real estate investment in historic Porto increases

Real estate investment in the historic centre of Porto increased by 24 percent during 2018 up to €147 million

24 May
2019

Company creation goes from 45 days to 45 minutes

Measures to simplify the creation of a company in Portugal has seen average times slashed