Property tax IMI to fall for a quarter of the population
Some 25.4% of the population will enjoy a reduction in IMI Almost one in five local authorities, or 194 councils, will reduce their property tax ‘IMI’ in 2024, according to
Property sales to stagnate in 2024?
The Portuguese believe that house sales will slump (45.8%) or even fall (40.7%) in 2024 compared to 2023. This is according to a survey from Imovendo that quizzed 14,749 people
Commercial property investment fell 42% in 2023
Commercial property investment fell 42% in 2023, to €1.75 billion, reflecting the rise in interest rates, according to consultancy Cushman & Wakefield (C&W), which anticipates a recovery in 2024. Of
Portugal’s housing market “overheated” due to strong demand, warns EU
“The price of houses in Bulgaria, Spain, Lithuania, Portugal, and Slovenia are overvalued” – EU report This is according to the European Union, which has again warned Portugal over a
Hidden houses with centuries of history
Despite the views of many, Portugal’s rural property market is not limited to old farmhouses and idyllic village cottages. The country’s ‘interior’ includes towns and cities where older properties
Spacious detached villa in peaceful setting
A traditional Algarve villa on a large, fully fenced plot. situated in a peaceful, international semi-rural community. This gorgeous, detached home blends effortlessly with the landscape, surrounded by orange groves and
Portugal “one of world’s most sought after destinations” for property investment
Savills World Research expects buoyant 2024 Global property investment is expected to increase in 2024, peaking in the third quarter, according to Savills World Research, which cites Portugal as “one
Lagos resort Palmares sold to Arrow Global
Palmares is a renowned golf resort located in Lagos King Street Capital Management and Kronos Homes have announced the sale of Lagos resort Palmares Ocean Living & Golf to funds managed by Arrow Global. In a joint
Seafront apartment with stunning views
A luxury three-bedroom apartment in a prime, front-line west Albufeira location Located in a frontline position with stunning Atlantic Ocean, harbour and marina views, this three-bedroom luxury apartment forms part
Kronos to build 460 luxury houses at Algarve’s Vale do Lobo
Spanish real estate company Kronos Homes has announced plans to build 460 luxury houses at Vale do Lobo in Loulé and begin the expansion of the 450-hectare resort starting in