01 Oct
2019

House sales reach 11-year high

New figures out have revealed that an average of 660 properties were sold in Portugal per day during the course of last year.

30 Sep
2019

Lisbon’s Liberdade 49 Converted into Luxury Residential Development

The building on Avenida da Liberdade 49, in Lisbon, which was once occupied by offices, will give way to a 3,035-m2 luxury residential development with 16 new one- to three-bedroom flats, along with a four-bedroom penthouse.

30 Sep
2019

Portugal drops down Digital Competitiveness ranking

Portugal has once again fallen a couple of places on the latest IMD World Digital Competitiveness Ranking.

30 Sep
2019

Portugal gateway for Fosun investments

Portugal is “a gateway to European investment.”

30 Sep
2019

Warren Buffet to invest in Portugal

A real estate investment company owned by US tycoon Warren Buffet is to invest in Portugal.

29 Sep
2019

Foreigners spend an average of 171,000 euros to buy a Portuguese home – 58% more than the Portuguese

The weight of foreign investment in the national real estate market is increasing. Non-resident citizens are not only buying more houses, but paying more for them too.

27 Sep
2019

More Brazilians and less Chinese taking up golden visa

Chinese investment in Portugal under the ‘golden visa’ scheme was down during the first eight months of 2019 a decrease of 15.7 percent from the same period of 2018.

27 Sep
2019

EU: Bank of Portugal’s Macro-Prudential Measures Reduce Market Risk

The ESRB considers Portugal to be medium-risk, but noted that the Portuguese centrals bank’s macro-prudential measures are thought to be sufficient “to mitigate the identified risks.”

25 Sep
2019

M7 acquires Portuguese logistics portfolio for €35m

M7 Real Estate has acquired seven light industrial and logistics assets in four separate transactions on behalf of the M7 Portuguese Active Fund (M7 PORAF) for a total of €35m.

25 Sep
2019

Unbabel secures US$ 60 million investment

Machine assisted translation company Unbabel is well on the way to achieving unicorn status after netting US$ 60 million of investment.

24 Sep
2019

Housing Prices Rise Even as Sales Fall in Portugal

Portugal statistical agency, the INE, announced that its Housing Price Index (IPHab) increased by 10.1% in the second quarter of 2019, year-on-year, even as housing sales fell by 6.6%.

24 Sep
2019

White Sand Capital Set to Acquire Dolce Vita Ovar for €7.8 Million

The Spanish bank Abanca, which has €21.8 million in outstanding loans to the Dolce Vita Ovar shopping centre, is expected to accept a 7.8-million-euro offer for the asset from White Sand Capital.

24 Sep
2019

Lace Investment Partners Sells Lisbon Building to European Hostel Chain

Lace Investment Partners has sold a building in Lisbon at Rua da Boavista 83, to a European hostel chain for approximately seven million euros.

23 Sep
2019

Radisson expands RED portfolio

Radisson Hospitality AB, part of Radisson Hotel Group, has signed three brand-new hotels, all arriving under its Radisson RED brand as part of a strategic franchised partnership with developer and operator Value One Hotel Operations.

23 Sep
2019

Portugal fields 66 nominations for ‘Tourism Oscars’

Portugal is looking to make a splash yet again at the World Travel Awards after receiving 66 nominations for what many call the ‘Oscars’ of international tourism.

21 Sep
2019

Construction of New Homes Takes Off in Porto

In the first six months of this year, 2,130 new homes, corresponding to 275 construction projects, entered the municipal licensing process in Porto, already the equivalent of 78% of the total for last year as a whole.

21 Sep
2019

Park Avenue Real Estate Development to Open in Porto

Real Estate Development Ltd, a company associated with the ACA Group, will build the “Park Avenue” residential development in Porto, in front of the City Park.

21 Sep
2019

Civilria Builds New Tourist Flats in Aveiro in a €5-million Investment

Civilria has renovated the Avenida 60 building, located at Av. Lourenço Peixinho, in the centre of Aveiro, in an approximately €5-million investment.

21 Sep
2019

Portugal only member state with negative inflation in August

The annual inflation rate remained stable in August in the euro zone (1.0%) and in the European Union (EU, 1.4%), with Portugal registering the only negative variation (-0.1%) among the member states, according to Eurostat.

20 Sep
2019

Algarve breaks the 3M overnight stay mark

While overall tourism figures have shown a slowdown in the Algarve, the latest statistics have revealed that for the first time there were more than 3 million overnight stays in the region during July.