Portugal’s largest cork producer, Corticeira Amorim posted profits of €98.4 million euros, a growth of 31.6% on the previous year. However, the profits were negatively impacted by a €11.4 tax contingency. In a communiqué to the Portuguese Stock Market Commission CMVM, the company led by António Rios Amorim revealed that sales turnover last year stood … Read more
Portugal’s new Housing Package unveiled on Thursday last week was bound not to please anyone. And thus it has proved to be; labelled as “an attack on private property” which showed Portugal was still haunted by its communist 1970’s past. The APPII (Portuguese Association of Property Developers and Investors) has dubbed the government’s leasehold proposal … Read more
It’s official. Portugal’s successful Golden Visa programme, which has netted the government over €6Bn since 2012, is to end in a bid to put a stop to property speculation which the government and critics say is partly responsible for driving up house prices in parts of Portugal. The government confirmed its decision on Thursday afternoon … Read more
A study by NetCredit has revealed that the French, British, Spanish and Germans would have to save less of their average salaries to buy a property in Lisbon than the Portuguese to acquire a house in the centre of their capital cities. The study showed that Lisbon was now the third least affordable capital city … Read more