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The price of property in the Algarve, Portugal’s southern region, have risen by some 6% during the third quarter of 2018 according to the Idealist Price Index.

The Web Summit, the world’s biggest technology and entrepreneurship event, will continue being held in Lisbon until 2028.

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.

Chairpersons from the major banks in Portugal have united in stating that Portugal is not experiencing a bubble in the real estate market, creating further confidence in the industry.

More than half the electricity consumed in Portugal in 2016 came from renewable sources (54.1%), the third highest amount in the European Union (EU), Eurostat reported.

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