8.5% of the Property Sales in Portugal in 2019 Were to Non-Residents

8.5% of the Property Sales in Portugal in 2019 Were to Non-Residents

The National Statistics Institute (INE) of Portugal published its reports on property transactions of 2019. The Institute gathers the information through administrative sources. These sources include registry and notary offices. The data-collecting work is done by the Directorate-General for Justice Policy of the Ministry of Justice. According to the statement, almost 9% of the property […]

Portugal Has a New Travel Insurance Including Covid-19-Related Issues

Portugal Has a New Travel Insurance Including Covid-19-Related Issues

Tourism in 2020 prioritizes safety and healthcare. Due to Covid-19, tourists want to make sure that their travels are safe. Aiming to provide safety, Portugal launches a new travel insurance model. This new model covers Covid-19-related problems. The new program is launched by RNA Assistance Insurance. The program covers surgical, pharmaceutical, and hospital expenses related […]

Housing Prices in Central Lisbon Increases in the First Semester of 2020

Housing Prices in Central Lisbon Increases in the First Semester of 2020

Confidencial Imobiliario recently published its report for the first half of 2020. According to the report, housing prices in central Lisbon are 2.9% higher than the last semester. The Price Index of the Historic Center of Lisbon suggests that the long-term decrease continues. The long-term assessment of the report “remains in negative territory, with a […]

Greece Aims to Make Its Real Estate More Enticing

Greece Aims to Make Its Real Estate More Enticing

Greece is a popular destination among international real estate owners. Still, the Mediterranean country wants to lure even more foreigners. The government considers ways to make Greek properties more enticing for foreign buyers. It is also reported that there is a growing interest in Greek real estate from the colder European countries. Pensioners often include […]

Portugal’s Real Estate Market Benefits from the Growing Tech Industry

Portugal’s Real Estate Market Benefits from the Growing Tech Industry

The success story of Portuguese real estate begins in the previous decades. During the global financial crisis of 2008, Portugal’s economy took some blows. The negative impact of the recession resulted in high unemployment rates. Portuguese youth -including an educated and qualified workforce- could not find jobs. Looking for alternative routes for themselves, these members […]

Portugal Real Estate Grows through the Pandemic

Portugal Real Estate Grows through the Pandemic

Covid-19 harmed almost every sector, in every region. Real estate is no exception in this. Yet, Portugal’s real estate market seems to not notice the crisis. Through all the chaos, Portugal property sector marches upwards. Two recent analyses affirm this statement. Both Knight Frank and Imovirtual confirm that Portugal real estate continues to grow. Lisbon […]

Post-Crisis Property Market in Athens: Phoenix of the Aegean

Post-Crisis Property Market in Athens: Phoenix of the Aegean

Greece recently has gone through a major financial crisis. This led to a skyrocketing in foreign investments in Greece’s property market due to plummeting real estate prices. Greece’s very successful Golden Visa program also contributed to this surge of investors. Investors all around the world benefited from the scheme that offers EU membership in exchange […]

How Do Portugal and Spain Continuously Perform Well in Real Estate?

How Do Portugal and Spain Continuously Perform Well in Real Estate?

Almost immediately after the global financial crisis of 2008, Portugal and Spain started to outperform Europe with their real estate sector. Although the crisis hit these countries also, property market of the Iberian Peninsula kept the economy intact. After a decade of growth, experts constantly argue if this trend will continue, and the general consensus […]