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A quarter of all properties sold in Portugal last year were sold to foreign buyers, according to a report in Thursday’s edition of the Diário de Notícias. The newspaper writes that a growing number of foreigners, particularly French and Brazilian nationals, were responsible for many of the 150,000 property purchases registered in this country in 2017.
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Bitcoins have been hitting the headlines recently with the virtual currency turning investors into overnight millionaires and now Bitcoins are making their way in to the Portuguese real estate market.
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Portugal has been ranked by International Living as one of the top destinations for pensioners.
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The Algarve region has been awarded the title of ‘European Champion of the Sun – 2017’ along with the Greek island of Rhodes, for providing an average of 8.6 hours of sunshine a day.
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An initiative to put Portugal "at the top of the list for business development and innovation" takes effect on January 2.
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