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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.

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.

Portugal has been ranked by International Living as one of the top destinations for pensioners.

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.

An initiative to put Portugal "at the top of the list for business development and innovation" takes effect on January 2.