Euro QE will boost Algarve property market
ECB announces €1 tn. in quantitative easing
Euro zone policy makers dance to German tune
Cheaper euro will also help Algarve property sales to Brits
All indicators now solidly behind a market recovery
Archive for 'Property'
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?
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:
Portugal: Europe’s newest tax haven for retirees
Attracted by a new tax regime, Europeans from high tax jurisdictions are now flocking to Portugal
Benefits include tax exemption of pensions and other foreign passive income
Domestic income from high value-added occupations is taxed at relatively low flat rate
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.
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.
How your home insurance works even while you’re away on holiday
Securing one’s home is the primary concern of all homeowners, especially since it can be considered as one of the most valuable assets that a person can have. This is why, as much as possible, we take advantage of home insurance policies.
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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.
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.
