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.
AlmaVerde’s traditional, working lime kiln
AlmaVerde is a traditional area for lime production
The remaining lime kiln on site was restored in 2001
Eating Montpellier snake not a good idea!
Using wood as a fuel makes production very labour-intensive
AlmaVerde’s lime kiln
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
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
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
The Portuguese and their fish Part II: beach casting and cliff fishing
With fishing in their blood and families to be fed, many Portuguese, including former commercial fishermen, take to beach or cliff fishing as ways to continue casting their bait in the hope of a tasty meal.
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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