16 Aug
2019

Redomiciliation rewards

When a company redomiciles to Portugal, no assets are transferred: no crystallisation of Capital Gains, no “IMT” (Property Transfer Tax) and no Stamp Duty on Real Property.

16 Aug
2019

Non-habitual residents

The tax regime for “non-habitual residents” was created with the aim of attracting qualified professionals, wealthy individuals and foreign pensioners to Portugal

16 Aug
2019

Roadshows to help entrepreneurs launch tourism projects

A series of roadshows will be taking place throughout Portugal in September and October to promote an initiative that aims to encourage and help budding entrepreneurs launch new tourism projects.

16 Aug
2019

Property development to be showcased at SIL 2019

Preparations are underway for Portugal’s largest property fair, Salão Imobiliário de Portugal – SIL 2019 which runs in Lisbon from October 10-13.

16 Aug
2019

The top 10 most visited luxury homes this year…that are still on the market

While for many a luxury home in Portugal is something that can be only dreamed of, it hasn’t stopped luxury properties on the market from being some of the most visited online.

15 Aug
2019

Mortgage Lending at Nine-Year High

Portugal’s granted €4.931 billion in mortgage loans I the first six months of this year, equivalent to €27 million per day, according to data from the Bank of Portugal

14 Aug
2019

Lisbon tower in €30 million refit

A tower block in Lisbon’s Amoreiras district is to be totally revamped at a cost of €30 million.

14 Aug
2019

Who are the new people changing the face of Lisbon?

The personalities in the Lisbon property market have gone through a complete makeover in the last five years. None of the British, Spanish and Portuguese investors who were active in Portugal before the financial crisis are still around

13 Aug
2019

Sales market activity continues to slow in Portugal

The residential housing market in Portugal is still struggling for momentum as key activity indicators covering demand, sales and instructions all remain in negative territory, according to the latest analysis.

12 Aug
2019

Plasticband buys Cintexpor

The orbital strapping and wrapping firm Plasticband has increased its foothold in Portugal through the purchase of Portuguese firm Cintexpor.

12 Aug
2019

Lux Mundi to Invest €7.5 Million to Convert Quartel do Carmo into a Hotel

Lux Mundi, a Portuguese hospitality group with a total of eight hotels, will invest €7.5 million to convert the Quartel do Carmo in Horta into a four-star hotel.

12 Aug
2019

Moody’s Raises Outlook on Portugal’s Public Debt to Positive

Moody’s, the US-based credit rating agency, elevated the outlook for Portuguese public debt to positive while holding the current rating steady at Baa3, a step above junk.

12 Aug
2019

Estarreja Town Council to Auction Land for Subsidised Rental Housing

The Estarreja town council announced that it will conduct a public auction this week, selling various plots of land in the Póvoa de Baixo Urbanization.

12 Aug
2019

U-World to Invest €67 Million to Develop Student Residences with 1,600 Beds

U-World, a Portuguese student housing firm, is looking to begin construction on a student residence in Braga, its first development under the U-Loft brand.

12 Aug
2019

Spain’s Tander Acquires Four Stores in Porto for €15.7 Million

Tander Inversiones, a socimi backed by the Barcelona-based firm Gadina, has acquired four retail spaces in Porto for €15.7 million.

12 Aug
2019

Portugal’s Treasury Clarifies Tax Implications of Switch to SIGI

Portugal recently approved the regulatory framework for Real Estate Investment and Management Companies (SIGI)

09 Aug
2019

Banks Continue Sale and Write-Offs of Non-Performing Loans

The booming real estate market in Portugal is helping the country’s banks reduce their exposure to non-performing real estate assets.

09 Aug
2019

Novo Banco Sells Two Portfolios of Real Estate Assets at a Discount of 67.6%

On August 5, Novo Banco announced that it had come to an agreement to sell a portfolio of real estate assets, called Project Sertorius, which has a gross book value of 487.8 million euros

09 Aug
2019

Fort to be sold for development

The Government is to allow investors to place tenders to develop a 14th century naval fortress at Caminha.

09 Aug
2019

Metro to sell Sete Rios site for €30 million

The state-owned company that runs Lisbon’s metro system Metropolitano de Lisboa is to sell a plot of land for development for an estimated €30 million price tag in 2020.