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The pulse of real estate, market insights & living in Portugal
Porto named as the best European city for attracting investment
Porto has once again been distinguished by the Financial Times as the best European city of the future in terms of strategy for attracting foreign direct investment (FDI), in the category of FDI Strategy – Large Cities.
23 apartments in Porto for the price of one in Tel Aviv
The numbers are amazing. Take for example buying an apartment "on paper" for a million shekels (approx. USD 272,000), getting up to 75% mortgage at an interest rate of less than 4%, start repaying the loan only when the apartment is handed over, and then rent it out at a 10% yield, or more.
Portuguese housing market ends 2024 strong, with optimism for 2025
The Portuguese housing market has shown remarkable resilience, ending 2024 on a high note with strong expectations for 2025, according to the latest December 2024 Portuguese Housing Market Survey from RICS and Confidencial Imobiliário. The report highlights an 11% increase in property prices year-on-year and a 27% surge in sales volumes, underscoring the market’s robust performance.
Where have house prices in Portugal risen most?
House prices in Portugal rose 4.3% in January compared to the same month in 2024. Housing also became more expensive in the last year in Santarém (15.4%), Setúbal (14.5%), Leiria (12.3%), Ponta Delgada (10.6%), Bragança (10.2%), Viseu (8.6%), Funchal (8.6%), Coimbra (8%), Guarda (7.6%), Braga (7%), Faro (4.7%), Porto (3.2 %), Castelo Branco (3.1%), Portalegre (3.1%) and Viana do Castelo (1.5%).
20,000 young people take advantage of housing tax breaks in Portugal
A total of 19,745 people have benefited from exemption from IMT, Stamp Duty and fees when purchasing their first home, according to data provided to Lusa by the Ministry of Youth and Modernization.
Construction and renovations in Portugal rise 6.1%
Licenses issued for new construction and renovation of residential buildings grew 6.1% until November 2024, in annual terms, while homes in licensed new constructions increased 3.4% and cement consumption rose 2.8%, according to the AICCOPN.