The Business Times

Portugal

International

Power outage hits large parts of Spain and Portugal

Developers in Portugal have said that it will take time to close the gap between supply and demand and that rising construction costs will make it hard to bring down property prices.
Property

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.
International

Portugal golden visa applicants stuck in limbo use legal options

Workers pick grapes during the harvest in the terraced vineyards of Quevedo Porto wine near village of Sao Joao da Pesqueira, in northern Portugal's Douro Valley, on October 1, 2024. The Douro Valley's winegrowers struggle as their famous Porto wine is hit by an unprecedented crisis caused by declining consumption. (Photo by MIGUEL RIOPA / AFP)
Lifestyle

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.
Property

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.
International

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.
Property

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

Foreigners have flocked to Portugal in recent years in search of a warm climate and lower costs of living. According to an April report from the statistics institute, these buyers are willing to pay more than double for a home in Lisbon than their local counterparts.
Property

Lisbon’s hot housing market defies push to deter foreign buyers

Portugal's Prime Minister Antonio Costa says his conscience is clear, but he will not stand as candidate for premiership again.
International

Portugal's PM Costa resigns over graft probe

The plan, to be introduced for a three-month trial period on Apr 26, will see cars barred from driving through (but not from driving to) the heart of Lisbon’s downtown.
Lifestyle

Lisbon bars cars from driving through city centre

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