Anne Taylor

Article by: https://www2.deloitte.com/pt/en Players Insights: Portugal Real Estate Survey 2023 Building up opportunities The Real Estate sector faces several challenges due to a number of factors that range from digital transformation and inflation, to foreign investment, regulation, among others. Deloitte relaunches the Players Insights – Portugal Real Estate Survey 2023, a report that explores the major dynamics happening … Read more

Article by: Público Imobiliário (publico.pt) Tiago Eiró says that “in the coming years, we plan to grow with even more projects, make more housing and, who knows, diversify even more including affordable housing developments to complement the offer and attractiveness of the neighborhood and the city”. Urban rehabilitation continues to be a priority for EastBanc … Read more

In 2023, 4,750 residential properties were transacted in Lisbon’s Urban Refurbishment Area (ARU) worth a total of €2.2Bn. Foreigners were responsible for 33% of purchases and 41% of the total investment in these neighbourhoods earmarked by the government and city council for housing refurbishment as part of an urban regeneration policy. There were 1,580 transactions … Read more

The international law firm of Portuguese origin, Cuatrecasas, enjoyed turnover of €388.7 million overall in 2023, despite not revealing the breakdown of its figures for Portugal, but said its consolidated growth in the country was around 30%. Overall, across all territories, accumulated turnover was 10.2% more than in 2022, up 52.2% or €133.3 million more … Read more

The sports retail chain Decathlon closed 2023 with profits of €931 million, an increase of 0.8% on the €923 million posted for 2022. The sports articles retailer enjoyed a business turnover of €15.6Bn, reflecting an increase of 4.4% at a constant exchange rate. Adjusted to exchange rates and the impact of closing down its stores … Read more

Just over 10 years ago Portugal’s credit ratings from the major ratings agencies stood at ‘junk’ status (non-investment) or high-risk investment grades. Stories abounded of angry Portuguese citizens sending jiffy packets and boxes full of waste paper to the ratings agencies in the US and Canada accompanied by indignant letters that Portugal was worth a … Read more

Portugal’s banks enjoyed a “tremendous increase” in profits in 2023 on the back of increased interest rates but expect lower profits in 2024 according to the ratings agency DBRS. Despite higher interest rates having meant significantly less new mortgages and other loans, this was more than made up for by high net interest margins since … Read more

The value of Portugal’s gold reserves has continued to appreciate without moving the gold an inch. The Bank of Portugal’s vaults in Carregado (also reserves in the UK, US and France) contain around 382.6 tonnes — one of the largest gold reserves in the world. According to the latest data for the end of 2022, … Read more

Portugal’s footwear industry has turned to the luxury shoe segment in a bid to face off falling orders that are closing factories and killing jobs. Portuguese footwear entrepreneurs have faced a perfect storm over the past 18 months with falling orders forcing the sector to prepare a production and technology strategy and find the cash … Read more

CorPower Ocean’s C4 Wave Energy Converter (WEC) has completed the first cycle of the ocean commissioning program at the Agucadoura site in northern Portugal. Now proven at commercial scale, at the exposed Atlantic test site, CorPower Ocean’s C4 device has demonstrated unique ability to tune and detune according to varying sea states, limiting response to extreme storm … Read more