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Archive for 'News'

Europe’s latest tech hub and entrepreneur paradise is Portugal! You’ll never guess why…

Portugal is Europe’s newest tech hub. But you wouldn’t know it if you didn’t know where to look.

Portugal euro business


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Portuguese economy in positive territory but deflation is a problem

Portugal makes clean exit from bailout
Demand for Portugal’s bonds drives down yield
Positive trends in economic climate and GDP continue
Deflation is an obstacle to growth… but will the ECB act?

European Union currency - 100 euros banknotes


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10 reasons why NOW is the best time in a generation to buy Algarve real estate

Portuguese property values have been static or falling for the past 6 years, but there is plenty of evidence to suggest that the cyclical downturn is coming to an end. Here are 10 reasons why the market is poised for recovery, and why now is the best time in 25 years to buy Algarve real estate:

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2013 the “best year ever” for Portuguese tourism

Statistics for 2013 show healthy growth from external markets
Tourism contributes to a positive trade balance and job creation
Further growth limited by lacklustre domestic demand

Ponte da Piedade, Lagos

Ponte da Piedade, Lagos


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Enforcement of Alojamento Local legislation likely to be stepped up

The law (Decreto Lei no. 39/2008) requiring all holiday rental properties to be licensed for alojamento local (“AL”) has now been in force for nearly six years.

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Portuguese Golden Visa scheme delivering decisive market stimulus

The Portuguese government offer, launched in August 2012, to grant residency to non-EU nationals purchasing property to the value of €500,000 has already delivered a “decisive stimulus” to the property market, to quote a government spokesperson.
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Portuguese energy efficiency certification welcome but process flawed

The Portuguese law changed in August 2013 such that all properties being advertised for sale must have a valid Energy Efficiency Certificate. Otherwise owners can be fined from €250 to €3,740, while estate agencies advertising uncertified properties can be fined from €2,500 to €44,890.

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A22 tolls fiasco symptomatic of wider Portuguese roads policy failure

EU declares illegal the charging of tolls on formerly free Portuguese motorways
A new A22 toll charging system to be introduced in 2014 to replace the one implemented less than 2 years ago
Portugal has four times more kilometres of motorway per inhabitant than the UK
FT asks why Portugal spent so much money on motorways only to choke off use with unaffordable tolls

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An improving picture for the Algarve property market

Two recently published surveys point to an improving picture for the Algarve property market. The 10-10-10 report from ILM Group in conjunction with Property Lynx concludes that a bottom was reached in the first half of 2012 and that the residential tourism sector is beginning to pick up. The RICS/CI Survey for February 2013 covering the whole of the Portuguese housing sector reports that confidence amongst agents is at its highest in two years.



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Portugal’s Golden Visa offer set to boost property market

Last August, looking to stimulate its property market as well as its small-to-medium enterprise sector, Portugal introduced a Golden Residency scheme under which a non-EU person can obtain EU residency in return for an investment of €500,000 in property or €1,000,000 in a business.


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