24 Jul
2019

Property investment in Portugal to reach €3 billion

Investment in the Portuguese property market is expected to reach €3 billion in 2019 by the end of the second half of the year, according to consultants CBRE.

24 Jul
2019

Mercadona opens supermarket in Gondomar

Mercadona, the well-known Spanish food retail group, completed its first stage of supermarket openings in Portugal with the inauguration of a supermarket in Gondomar on Tuesday, July 23.

24 Jul
2019

Amazon and Google invest in Doppio

The Portuguese startup Doppio, founded by Jeferson Valadares and Christopher Barnes has just closed an investment round of €1 million.

24 Jul
2019

Moody’s lifts rating on CGD, BCP, Santander Totta and Novo Banco

The ratings agency Moody’s has raised the rating of Portugal’s main banks CGD, BCP, Santander Totta and Novo Banco while placing Montepio under analysis for an eventual rate rise.

24 Jul
2019

Golden Visa scheme bogged down by red tape and queues

Portugal’s Golden Visa scheme, the government programme which helped kick-start Portugal’s ailing property market from 2013, seems to be stuck in the mud.

23 Jul
2019

Lifestyle & Leisure to Redevelop Cedofeita Mansion into Luxury Residential Development

Lifestyle & Leisure, Ltd., a Hong Kong-based real estate developer, will convert a neoclassical mansion located at Rua da Cedofeita, 439, into a 13-flat condominium.

23 Jul
2019

Abandoned Hotel in Vila Real to Become Housing Development

Rui Santos, the mayor of Vila Real, announced that an abandoned building on one of the city’s main avenues, 1o de Maio, will be converted into a residential development

23 Jul
2019

Housing Sales Rise by 16.6% to 10-Year High

Housing sales in Portugal rose by 16.6% year-on-year in 2018 to a total of 178,691 homes, the highest figure since the country’s statistical agency

23 Jul
2019

Real Estate Investment Funds Boost AUMs in June

Assets under management in Portugal by real estate investment funds (FII), special real estate investment funds (FEII) and real estate management funds (FUNGEPI) roes by by 55.4 million euros

23 Jul
2019

Coast Between Lisbon and Oeiras to Undergo Major Redevelopment

The Portuguese state, together with private investors, will redevelop the region between Pedrouços and Cruz Quebrada.

22 Jul
2019

EDP to invest €4M in São Tomé and Príncipe

Portugal’s energy giant EDP (Energias de Portugal) is to invest €4 million in two electricity power stations (solar and hydro) on the island of Príncipe.

22 Jul
2019

REITS approved by Portuguese Parliament

Known as SIGIs in Portugal and SOCIMIs in Spain, it means that Portugal can now welcome investors to boost Portugal’s rental market.

22 Jul
2019

Office Allocations in Lisbon Reach 11-Year High

Allocations of office space rose by 77% year-on-year in June, reaching an eleven-year high in the first semester of 2019.

22 Jul
2019

Deka Immobilien Acquires Torre Picoas Office Building for Over €125 Million

In one of the biggest transactions of the year in the office market, the German investment fund Deka Immobilien acquired the Picoas tower in Lisbon in a deal reportedly worth more than 125 million euros.

20 Jul
2019

Chinese partnership for Portuguese insurance company

Fidelidade have established a partnership with China Reinsurance as part of their international expansion strategy.

20 Jul
2019

Hello, Russia! Fine & Country Algarve in search of new markets

Fine & Country Algarve have been busy diversifying their marketing and the latest new market to be tapped is Russia.

19 Jul
2019

Expected €3Bn in property investment in Portugal

Investment in the Portuguese property market is expected to reach €3Bn in 2019 by the end of the second half of the year according to the consultants CBRE.

19 Jul
2019

Portugal had 6th largest budget surplus in the Euro Zone for Q1

Portugal managed to have a budget surplus of 0.4% in the first quarter of the year while its public debt stood at 123% of GDP.

19 Jul
2019

Savings bonds demand soars in Q1

Even so, the rate of public interest in buying the savings bonds had slowed compared to the same period in 2018.

19 Jul
2019

Share in motorways company Brisa up for sale

Three infrastructure funds and a motorway operator are preparing offers to buy a share in Brisa which controls a network of toll motorways in Portugal.