By Essential Business Posted 21 Agosto, 2023 In Housing, More Housing Package, News After not raising any constitutional concerns over the Portuguese government’s controversial More Housing programme a week ago, Portugal’s President Marcelo Rebelo de Sousa has now vetoed the policy on political grounds. The reason? He said it was “not easy to see where the promised housing … Read more
By Essential Business Posted 16 Agosto, 2023 In Companies, News, Start-Up, Technology The Portuguese company Magic Beans, which specialises in technology advisory services, saw revenues grow 23% in H1 2023. Its goal now is to grow by over 50% for the year after having achieved a €3 million in revenues em 2022. Magic Beans has remained focused on the internationalisation of … Read more
By Essential Business Posted 18 Agosto, 2023 In Interest rates, Mortgage lending, News Successive rounds of ECB interest hikes have filtered down to Portugal’s housing market putting an extra 40% on the average monthly mortgage repayment to €370. This is according to data from the National Statistics Institute (INE) that shows an additional €106 in relation to July 2022, which … Read more
By Essential Business Posted 16 Agosto, 2023 In Hotel, News, Tourism Tourism registered €2.5Bn in total revenues for the first half of 2023, most of this amount (€1.9Bn) were revenues made from overnight stays. These increases were on the back of an increase in overnight stays, with the average price per night in Lisbon at €152,6 and in the … Read more
By Essential Business Posted 18 Agosto, 2023 In More Housing Package, News Portugal’s President Marcelo Rebelo de Sousa has ruled out sending a controversial set of public housing policies that include coercive rental measures to the constitutional court to decide if the government has trampled on citizens’ individual property rights. The deadline to either forward the bill … Read more
