How is the real estate market in Portugal and Algarve?

How is the real estate market in Portugal and Algarve? The latest data from INE and CI (Confidencial Imobiliário) indicates an increase, albeit very timid, in both average property valuations and property values in the last quarter of 2023. We can also understand and conclude that despite the drop in the number of transactions...

Portuguese Government will ban new “Alojamento Local” licences

The Portuguese government has recently announced a new housing plan to address the housing crisis in the country. One of the key components of this plan is the ban on new “alojamento local” properties. “Alojamento local” is a term used in Portugal to refer to short-term rental properties used by tourists. These properties are...