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Plot of land with sea view

 

The recent lockdowns have triggered new housing needs, including more space and a connection to nature. With this in mind, property experts have registered an increased demand for land.

Sea view from balcony across garden

Despite expectations of falling house prices due to the COVID-19 pandemic, the average cost of buying a home in Portugal rose by 8.6% in the last 12 months, compared to the European average of 5.7%. In the meantime, rental prices have dropped by nearly 10%.

Villa with bougainvillea and pool

 

 

 

Britons with second homes in Portugal will have to appoint a tax representative within the next 90 days or risk a fine of up to €7,500, says the Portuguese Tax Authority.

Sun set over the sea

 

 

 

One of the most appealing tax incentives for foreigners moving to Portugal, the Non-Habitual Resident tax regime saw fewer applications in 2020, amidst the COVID-19 pandemic.

Praia da rocha beach, rocks with Pintadinha promotory in the distance acrosse the sea

 

 

 

The coastal area of Portugal has the biggest offering of properties for sale and rent, making it the easiest area to buy a home, says a recent report.

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