Dec 03,2023 I In a surprise announcement in early October 2023, the Portuguese government announced the termination of NHR (Non Habitual Resident) which promoted advantageous tax benefits to an individual for a period of ten years. The announcement was received with surprise as it was made without consultation and there were no warning signs that the regime would be subject to change. The NHR programme was introduced in 2009 and was enormously successful in attracting a vast number of wealthy foreigners to Portugal who primarily invested in real estate. In his justification of the termination ..read more

Jan 6, 2023 | A contentious subject, not just with property vendors but within the industry itself. Is there justification to charge 5% plus IVA at 23%? Some agencies will even demand rates up to 10% and, surprisingly, there are people who pay this. If money is of no consequence, then, I can understand them being lured by a glitzy office, the aspiration of listing with a luxury brand,and the promise of extravagant marketing. Now, liken it to those who buy a pot of expensive skin care cream hoping that the contents ..read more

 Nov 15, 2021 | European visa-free travel and citizenship are behind a 34% rise in Britons moving to Portugal, but are you ready for the countryside? More Britons than ever before have decided to make Portugal their permanent home, with 2020 seeing a 34% rise in those living there, according to the latest data from the country’s borders and immigration service (SEF). Now, the 46,238 official British residents in Portugal are the country’s second largest group of foreign residents after Brazilians (pre-Brexit, we were in sixth place). Brexit has been a huge driver, says Christina Hipp ..read more

Sep 23,2022 | Portugal is attracting an increasing number of digital nomads from across the globe. Following a trend to work remotely was enforced during the Covid-19 pandemic, a new way of working has evolved. Covid-19 changed many aspects of how we live and the acceptability to work remotely has resulted in a greater freedom. This freedom has born a new generation of digital nomads who are able to combine a love of travel and adventure with work. Moving to Portugal is proving to be one of the best options. How wonderful it is to surf the waves on the glorious shores of the west coast prior t ..read more

Oct 12, 2022 | A scarcity of supply and high interest from foreigners looking to invest in Portugal continue to put pressure on property prices.  By TPN, in News, Portugal, Property 11/10/22 The latest data from the National Statistics Institute demonstrates the loss of momentum in the residential market. According to a report by Dinheiro Vivo, in June of this year, there was a drop of 7.6 percent in the number of transactions, which had not happened since February 2021. Bank assessments for home loans also fell in August for the third consecutive month. The Bank of Po ..read more

Jan 6, 2023 | A contentious subject, not just with property vendors but within the industry itself. Is there justification to charge 5% plus IVA at 23%? Some agencies will even demand rates up to 10% and, surprisingly, there are people who pay this. If money is of no consequence, then, I can understand them being lured by a glitzy office, the aspiration of listing with a luxury brand,and the promise of extravagant marketing. Now, liken it to those who buy a pot of expensive skin care cream hoping that the contents ..read more

Sep 28, 2022 | What is Cryptocurrency? Cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. Cryptocurrencies have become increasingly popular over the past several years – as of 2018, there were more than 1,600 of them! Portugal has become a hub for crypto traders, primarily for one major reason: Gains made from the acquisition or sale of cryptocurrencies are not taxed in Portugal. Portugal is one of the very few countries who adopt this policy, coupled with the ability to obtain a residency in Portugal through the Golden Visa ..read more

Sep 19, 2022 | The Portugal News recently reported that North Americans are leading the ranking of investment through Golden Visa, with a total of €25.1 million in the first three months of 2022. The majority of these investors are from California, which has a similar climate, landscape, and surf. The demographic of these investors varies from younger professionals who can work remotely to retirees. Two Key Differences Many North Americans are surprised to discover that there is nothing like a Multiple Listing Service (MLS) or “realtor.com” in Portugal. This means that in order to se ..read more

Nov 15, 2021 |  “Positive thoughts lead to positive results.” Maria V. Snyder In concurrence with this pertinent statement, the residential property market in the Algarve has bounced back following the Covid-19 crisis and flourishes in tandem with tourism proving that the region remains a popular destination. Such is the confidence and positivity of builders and developers that they are pressing ahead with ambitious programmes of new homes. The recent rise in property prices has been phenomenal and is recorded at 7.6% during the third quarter of this year when compared to the sa ..read more

 Nov 15, 2021 | European visa-free travel and citizenship are behind a 34% rise in Britons moving to Portugal, but are you ready for the countryside? More Britons than ever before have decided to make Portugal their permanent home, with 2020 seeing a 34% rise in those living there, according to the latest data from the country’s borders and immigration service (SEF). Now, the 46,238 official British residents in Portugal are the country’s second largest group of foreign residents after Brazilians (pre-Brexit, we were in sixth place). Brexit has been a huge driver, says Christina Hipp ..read more