The Portuguese Government approved its controversial forced rental policy for properties that have been empty for at least two years with no signs of utility payments. It has done so despite a stream of criticisms from property, legal and business associations nationwide in what the President of the Republic has called a ‘poster law’ that … Read more
By Essential Business Posted 6 Março, 2023 In News, Real Estate, Rental market The association that represents Portugal’s estate agencies and brokers has warned that rents will likely go up despite the Government’ s Housing Package aimed at providing more housing at affordable rents. Paulo Caiado, the president of APEMIP says that there is “speculation with surprisingly high rental charges”, … Read more
By Essential Business Posted 30 Março, 2023 In Competitiveness, News, Patents Portugal has overtaken Spain in the European Regional Index for Competitiveness because of the way its companies network has focused on specialisation. Portugal has a more competitive economy than six years ago. According to data from the European Commission, Portugal has made substantial improvements in terms of the … Read more
By Essential Business Posted 15 Março, 2023 In Hotel, News, Real Estate Members of the American Club of Lisbon (ACL) joined investors and business representatives to learn about the Martinhal Residences from Martinhal Family Hotels and Resorts CEO and Co-founder Chitra Stern. The talk was moderated by Bruce Hawker (CEO Open Media), with advice from João Cunha Vaz, Senior Partner at EDGE International Lawyers. Text: Chris … Read more
The Portuguese Government has made it clear this week that any applications for Golden Visas submitted after March 16 have no guarantee that they will be considered, and that when the law comes into force, the programme ends. The Portuguese Ministry of Housing states: “The borders and immigration entity SEF can continue to accept applications … Read more
The CEO of Sonae, a Portuguese multi-sector multi-national company which operates one of the country’s largest supermarket groups Continente, has hit back as a tide of public resentment grows over the cost of an average weekly supermarket shop. Cláudia Azevedo sent out a round-robin letter to staff at the group countering widespread claims that the … Read more
An avalanche of confusion has been created by the Government’s decision to “freeze” all Golden Visa applications filed after February 16 – the day it announced a controversial Housing Package. The race to get in Golden Visa applications had already begun when the Government had announced the end of the programme at Web Summit in … Read more
The association that represents Portugal’s estate agencies and brokers has warned that rents will likely go up despite the Government’ s Housing Package aimed at providing more housing at affordable rents. Paulo Caiado, the president of APEMIP says that there is “speculation with surprisingly high rental charges”, particularly in large cities like Lisbon and Porto, because of … Read more