Portugal

Spain, Portugal step up scrutiny of soaring property markets

“Our goal is to strengthen Portugal’s global connectivity, preserve TAP’s Portuguese identity, and ensure the airline’s sustainable growth,” says Lufthansa CEO Carsten Spohr.

Lufthansa enters race for TAP stake against Air France-KLM

Microsoft is also expanding its computing infrastructure to meet surging demand for AI services.

Microsoft to invest US$10 billion in Portugal AI data hub

Prime residential property prices in Lisbon, the Portuguese capital, are now higher than in Madrid, Berlin and Amsterdam, according to a Savills report from February.

Portugal home prices to keep rising as demand outpaces supply

Aima is struggling with a backlog of more than 400,000 visa applications after a sharp rise in immigration following the Covid-19 pandemic and the start of the war in Ukraine.

Portugal golden visa applicants stuck in limbo use legal options

The volume of port wine sold annually has fallen over the last 15 years by a quarter to nearly 65 million litres in 2023.

Falling sales cause sour grapes for iconic Portugal wine

Portugal first became a hot spot for foreign buyers in 2012 after the nation introduced “golden visas”, which tied residency permits to investment in the country, including real estate purchases.

Wealthy Americans are spiking Portugal’s Algarve housing market

The tourism sector is key for the three nations, accounting for almost 25 per cent of Greece’s economy, and 12 per cent in both Portugal and Spain.

Tourism buoys southern Europe's 'Club Med' nations

Many struggle to find homes and end up living on the streets or in overcrowded flats, an issue exacerbated by high rents and sale prices fuelled in part by a tourism boom in cities such as Lisbon and Porto.

Portugal to use golden visa scheme to help migrants, build affordable homes