December 2024

Portugal: 7th in Europe for Soaring Housing Prices in 2024!

Portugal ranked as the 7th European country with the highest increase in housing prices in 2024, according to the European Residential Report, published by BNP Paribas Real Estate in collaboration with Worx Real Estate Consultants. Across Europe, residential prices rose by an average of 2.9% in the second quarter of 2024, with 21 out of the 30 countries analyzed reaching new record highs. In addition...

Rural Land Prices Set to Rise, Impacting Housing Supply

The availability of land suitable for building affordable housing in Portugal is anticipated to increase soon, following municipal efforts to rezone rural land into urban plots. However, the new land law, while aiming to regulate housing prices, does not impose any caps on the cost of rural land. This has led real estate experts consulted by idealista/news to voice concerns that the rezoning of rural land...

ECB Vice-President Says Interest Rate Cuts Are Guaranteed

Luis de Guindos, Vice-President of the European Central Bank, confirms the trajectory of interest rate cuts as inflation aligns with targets. Learn about recent decisions and market expectations for 2025. The Vice-President of the European Central Bank (ECB), Luis de Guindos, stated during an event organised by the Madrid Business Forum that no one knows "what the end" of the current monetary policy...

Californians’ Growing Interest in Portugal

The AGCP office, which supports foreign investors in establishing themselves in Portugal, has recorded a 50% increase in interest from North Americans, particularly those coming from California. “Many are looking for a plan B, whether to relocate permanently or obtain a residence permit, particularly the Golden Visa, which gives them the freedom to leave if they feel the need,” stated co-founder...

Living in Óbidos: how the medieval town compares to Coimbra

With cobblestone streets and ancient walls, Óbidos is the perfect setting for those who want to live in a town full of history. Obidos Óbidos is known for its impressive wall that surrounds the historic centre, its narrow streets with Portuguese cobblestones and its whitewashed houses with touches of blue. This town is a popular tourist destination and also a place where history intertwines with...

Simplex Accelerates Licensing for New Home Construction

Simplex Speeds Up Housing Licences In the first ten months of the year, from January to October, 28,004 homes were licensed in Portugal, 0.7% more than in the same period last year. This surge in new housing licences coincides with the implementation of the "Simplex" urban planning licensing reform—Decree-Law No. 10/2024—which was rolled out in two phases: some measures took effect in January, and...

Portugal Needs a Construction Revolution and Smarter Solutions

Between offices, hospitals, hotels, theaters, museums, monuments, residential developments, and factories, the HCI group has been shaping Portugal’s construction and renovation scene for 45 years. Their portfolio is extensive, featuring iconic and large-scale projects that bridge tradition and modernity. One standout is the renovation of Lisbon’s Calouste Gulbenkian Modern Art Center (CAM), a project...

Why Now Is the Perfect Time to Invest in Portugal’s Silver Coast

With shifting lifestyle preferences and evolving real estate market trends, Portugal’s Silver Coast, located between Lisbon and Porto, has emerged as a top destination for homebuyers and property investors alike. Portugal: A Real Estate HotspotPortugal has long been a favorite among international buyers seeking holiday homes, investment properties, or a fresh start. Prime locations such as Lisbon and...

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