News and Events

Number of foreigners buying in Portugal on the up
Written on Monday 12 November 2018

The number of homes being purchased by non-residents has once again risen, the Office for National Statistics (INE)
Latest figures show that almost one in 12 properties sold last year were bought by non-residents, who were responsible for 12 percent of the total spend.
Foreign buyers also spent an average of 160,000 euros on each real estate transaction, while local buyers averaged just over 107,000 euros.
Real estate transactions involving non-residents increased by just under 20 percent in number, and were up almost 23 percent in value....


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Number of non-habitual foreign residents in Portugal almost double
Written on Tuesday 2 October 2018

The number of foreigners residing in Portugal under the Non-Habitual Residency (NHR) scheme has almost doubled over the past 18 months. More than 23,000 foreign nationals currently benefit from Non-Habitual Residency, which is up 83 percent on January last year.

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Tax breaks for pensioners and Golden Visas “here to stay”
Written on Monday 24 September 2018

 Whatever the tax authorities of Sweden or Finland feel, Portugal has no intention whatsoever in doing away with its “best kept tax secret”: the Non-Habitual Residents Regime. The same goes for Golden Visas.

The two are very important for the Portuguese economy, foreign affairs minister Augusto Santos Silva has stressed in a radio interview with Antena 1, and have brought with them value in both investment and people.

In fact, Portugal is not only going to maintain its fiscal attractions, it plans to develop them, he said, in much the same way as Ireland, Holland, Luxembourg and Spain.

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Portugal voted World's Best Golf Destination
Written on Monday 21 November 2016
Quinta do Lago - North Course

Portugal once again has been voted as World's Best Golf Destination

Portugal has once again led the winners at the World Golf Awards Gala Ceremony 2016, taking the title of World's Best Golf Destination for the third year in succession

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Algarve once again elected best place in the world to retire
Written on Friday 26 August 2016

Algarve once again elected best place in the world to retire!

PT retirement

A new American-based study out recently has once again elected Portugal’s Algarve as the best place in the world today to retire overseas.

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Tax-free pensions' helps push up house prices in Portugal's Algarve for the first time since 2008
Written on Friday 3 June 2016


Changes that means pensions can be drawn tax free have helped push up house prices in Portugal for the first time since 2008.

Knight Frank, the property company, said prime property prices in the Algarve were finally rising because of “realistic pricing, the availability of cheap finance, strong investment in infrastructure and tax initiatives”.

 

beach_1

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Algarve sets new golf record
Written on Wednesday 3 February 2016

The Algarve, Europe’s leading golf destination, has broken its all-time high for golf visitor numbers a week after it topped a chart as the cheapest holiday location for UK tourists.

 

Golf

 

IN http://www.theportugalnews.com/news/algarve-sets-new-golf-record/37307

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Algarve scoops 16 tourism medals
Written on Monday 1 February 2016

Algarve’s tourism board (RTA) has awarded 16 tourism medals to the people and entities that it considers have excelled at promoting the sector.

 

The medals, given out at a ceremony sector in Faro on Monday (January 18) attended by Portugal’s secretary of state for tourism Ana Mendes Godinho, were divided into two categories – the ‘Gold Tourism Medal’ and the ‘Tourism Merit Medal’.

 

Algarve Price

 

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Algarve is cheapest holiday destination for Brits
Written on Monday 1 February 2016

A Post Office survey shows the Algarve to be the “cheapest holiday destination” for British holidaymakers.

The results are based on “a fall in prices over the past year and a strengthening of the pound against the euro”.

 

algarve-cliffs

 

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Vilamoura Marina bags Gold in Regional Tourism Awards
Written on Wednesday 27 January 2016

Vilamoura Marina has won a gold Tourism Medal in the Algarve Tourism Awards, which are organised by the RTA regional Algarve tourism board.

 

Marina Vilamoura

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