House prices in Portugal rise 10.3% in 2024
Prices have already increased “three times more than anywhere else in Europe“ The average price of homes sold in Portugal increased by 10.3% in 2024 compared to the previous year,
Inflation will drop in 2025, but prices of certain goods and services are set to surge
The cost of bread, milk, rent, telecommunications and transport will increase in the new year. The year 2025 should see a drop in inflation, but families will face increased prices
Average gross salaries rise 3.6% in second quarter
Average gross monthly earnings per employee (per job) increased by 6.4% to €1,640 in the second quarter in Portugal compared to the same period last year, but in real terms
Portugal “has a new type of homeless” as house prices continue to climb
“Healthy people fighting for their lives”, warn associations Rising house prices and inflation are creating a new type of homeless person in Portugal: socially integrated people who are being pushed
No 100% mortgages for under-35s …
The AD government’s blueprint to ‘fix’ the housing crisis, and stimulate supply, has a long way to go before being ‘set in stone’, with one of the most ‘heroic’ measures
High-price Algarve registers “constant increase” of people in disadvantaged situations
The exorbitant cost of accommodation in the Algarve has seen more and more people fall into ‘disadvantaged situations’ – 744 of them ending up ‘homeless’, 655 actually living on the
One in eight citizens continue to work after retirement
Almost half “out of financial need” Around one in eight pensioners continued to work after receiving their first pension, according to data from INE (Statistics Portugal), released today. “The majority
Average monthly mortgage instalments fall for first time since 2021
The average monthly instalment on mortgage loans in Portugal fell to €423 in March, in what was the first reduction since December 2021, according to data released today by the
Mortgage rates fall in Portugal for first time in two years
Rates in February fell to 4.641% The implicit interest rate on mortgage contracts fell in February for the first time since March 2022 – dropping 1.6 percentage points (p.p.) to
Olive oil inflation in Portugal reaches 69%…
The price of olive oil in Portugal was, in January, up 69% on the same month in 2023, recording the highest year-on-year increase for olive oil in the European Union,