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The price of property in Portugal continues to rise however, experts predict that the value of resale properties is set to fall as new building projects begin to come on to the market.
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More than one thousand sporting events have been scheduled this year, the start of which was celebrated on January 18 at the Portimão Arena by over 4,000 people, as Portimão is a 2019 European City of Sport.
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Bank valuations of properties in Portugal now stand at €1,192 per square metre across the country with figures from the end of December 2018 showing that average valuations hit a new record of €1,220, the highest value registered since 2008.
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The Algarve has once again been awarded the title of the best golfing destination in Europe at the Today’s Golfer Travel Awards.
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Portugal has introduced the Green Visa. Investment in organic agriculture renewable energy, ecotourism and a wide range of environmental projects will see foreigners now be allowed to gain a residency permit and eventually Portuguese nationality. At the same time, an attempt to quash the Golden Visa was meanwhile rejected by Parliament.
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