Business in Portugal

Foreigners buy 790 properties in Lisbon
In the first six months of 2022, foreigners bought around 790 residential properties in the Lisbon Urban Rehabilitation Area (ARU), representing an investment that amounted to €403 million, according to data released by Confidencial Imobiliário.

Rent cap at 2% in Portugal
Rents in 2023 may be updated by landlords up to a maximum of 2 percent instead of 5.43 percent. This was announced as part of the plan to combat inflation and respond to price increases.

Home valuations hit new record in Portugal
Property prices ​​attributed by banks in credit applications rose for the 11th consecutive month in July, reaching a new record of an average of €1,417 per square metre.

Property demand outstripping supply in Portugal
Almost half of the more than 12,000 homes that make up the 280 new residential developments launched in the first half of this year have already been sold, a clear sign that the supply in the Portuguese real estate market is far short of the country's needs.