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Irish budget airline Ryanair announced on Tuesday that it will be investing around €100 million to create 12 new routes in Portugal for the summer of 2019, from all of its national bases.
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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.
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The Web Summit, the world’s biggest technology and entrepreneurship event, will continue being held in Lisbon until 2028.
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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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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.
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