09 Aug
2019

Moody’s puts Portugal economy through “fine tooth-comb” from today

The international ratings agency Moody’s is making a profound study of Portugal’s economic and financial performance from today.

08 Aug
2019

Investments Raised by Golden Visa Program Up Sharply in July

The investment resulting from Portugal’s golden visa program grew by 276% y-o-y to €98.2 million in July. Month-on-month investment also rose by 34.5%.

07 Aug
2019

Vanguard considers €30 million investment in housing projects

Vanguard Properties is studying a strategic project for three buildings offering homes at accessible prices for Lisbon’s Parque das Nações.

07 Aug
2019

German investors buy prime Lisbon building

A prime Lisbon city centre office building on Avenida Fontes Pereira de Melo has been sold by the Portuguese fund ECS Capital to the German fund Deka Immobilien.

07 Aug
2019

President signs new property law with reservations

Portuguese President Marcelo Rebelo de Sousa has signed off on a new housing law which aims to protect locals against gentrification as house prices have skyrocketed.

06 Aug
2019

Subdued Inflation to Increase Rents by Roughly 0.6% Next Year

Residential rental costs are expected to moderate next year, as Portugal’s statistical agency (INE) revealed that monthly inflation has fallen to a recent low of -0.3% from 0.63% earlier in the year.

06 Aug
2019

French group takes over Algarve Shopping and Albufeira Retail Park in €180 million deal

French group Frey has completed a €180 million deal to take over the Algarve Shopping and Albufeira Retail Park shopping centres in Guia, Albufeira.

05 Aug
2019

Novo Banco to Sell Two Portfolios of Non-Productive Real Estate Assets Worth €800 Million

Novo Banco announced that it has agreed to sell two portfolios of assets, including a portfolio of non-performing loans and another of unproductive real estate assets. Together, the two have a book value of around 800 million euros.

05 Aug
2019

Moody’s Points to Falling NPL Exposure at Banco Montepio

Moody’s stated Banco Montepio’s sale of non-performing loans to Panorama Jubilante, worth 321 million euros, would lower its exposure to bad debts by up to 220 basis points.

05 Aug
2019

Work to Begin on Third Building in the Prata Riverside Village

Pre-sales of the 107 homes in the Prata Riverside Village’s Lot 1, the third of 12 buildings planned for the development in Marvila, Lisbon, has already begun, and construction is set to begin shortly.

05 Aug
2019

Luxury new development Foz Avenue will have the “best apartments in Porto” and cost 2.9 million

There are six exclusive apartments on sale in the residential development Foz Avenue, located on Avenida do Brasil, on the outskirts of Foz, Porto, which is in the early stages of construction.

04 Aug
2019

Number of tourists grows 7.5% in Portugal

The number of tourists visiting Portugal reached 22.8 million in 2018, up 7.5% on the previous year

02 Aug
2019

German investors buy prime Lisbon building

A prime Lisbon city centre office building on Avenida Fontes Pereira de Melo has been sold by the Portuguese fund ECS Capital to the German fund Deka Immobilien.

02 Aug
2019

Government approves conditions for Caixa Geral Brasil selloff

The Portuguese government has approved the conditions that will apply for the selloff of Banco Caixa Geral – Brasil which is directly held by Caixa Geral de Depósitos.

02 Aug
2019

€20M investment for Portugal car production

The managing director of the PSA group’s unit in Mangualde, in Portugal’s Viseu district, has announced plans for the company to invest up to €25 million in the plant in order for production of a new car to start in 2023.

02 Aug
2019

Priced out of the market?

Average prices of properties top the €3,500 per m2 mark in Lisbon and the long term rental market becomes less affordable

01 Aug
2019

What is the Portuguese golden visa and how does it work?

Portugal’s golden visa, or residency by investment, is a hugely successful scheme of Portuguese (and therefore EU) residency in return for investing in property or business.

31 Jul
2019

CGD profits increase 45% to €282.5M in first half

Portugal’s state bank Caixa Geral de Depósitos (CGD) enjoyed profits of €282 million for the first half of 2019 – an increase of 45.6% on the same period last year.

30 Jul
2019

Residential Bank Valuations Hit New Series High

Average residential bank valuations rose once again in June, following successive increases since March 2017, to a series high (since 2011).

30 Jul
2019

Savills IM acquires Spanish logistics hub for €40m

Savills Investment Management has acquired a logistics hub in Spain on behalf of its European Logistics Fund 2 (ELF 2) for €40m.