Affordable air access to Portugal could soon improve after the Portuguese Ministry for Economy and Employment announced they are considering making the recently completed airport at Beja a hub for low-cost carriers. Beja airport is located in Portugal’s rural Lower Alentejo region. Formerly a Luftwaffe training facility, work started on a passenger terminal at Beja [...]
In these tough economic times its nice to know that we can still travel abroad for a reasonable amount. Portugal has always been a firm favourite destination for Britons holidaying and moving abroad. Portugal has always been a great place to invest and if you are thinking of buying property in Portugal you will no [...]
Anyone looking for a Portuguese home near a beach will welcome a new promotion highlighting every beach along the Algarve. The on-line promotion, organised by the Algarve Tourist Board, is called The 1001 Beaches of the Algarve and began on 2nd January. Every day the tourist board is adding a detailed blog post, complete with [...]
A hot topic of conversation among expats in Portugal’s Algarve is the recent launch of toll charges on the Algarve’s only motorway. The A22, also known as the Via de Infante, stretches from Vila Real de Santo Antonio, on the Spanish border, as far west as Lagos. The road was built with the help of [...]
The cost of the global economic crisis is being seen in Portugal where the number of people turning to renting property is booming. As a result of people not being able to afford to buy a property, due to the loss of jobs and inability to get a loan from the bank, more people are [...]
The lettings market in Portugal is continuing to benefit from the fallout in sales in the country’s property market, according to the most recent RICS/Ci survey. Tenant demand and new landlord instructions in Portugal continued to increase further during November, albeit at a slower pace than the previous month, as did letting transaction expectations. However, [...]
Portugal is now classed as a distressed country when it comes the property market; along with the UK, Spain and Greece. Distressed in this sense means there are low prices on properties and attractive mortgage deals being offered by lenders in a bid to tempt investors. This might sound like a good combination, however to [...]
Retirees looking for a bargain home somewhere sunny in Europe that combines stunning scenery with a laid-back lifestyle should consider Madeira, where a slow-down in the property market has led to the Portuguese island becoming a major buyers’ market. “The majority of Brits that move here are retired,” said expat Samantha Cox, who runs on-line [...]
More and more families in Portugal are turning to rented accommodation as they can no longer afford to buy their own property, according to a recent study in the country. This is the first time that the study has focused on the rental sector of a country, and the findings indicate that there will be [...]
Despite the number of properties sold in Portugal, and taking into consideration their value, the ‘luxury’ property market prices fell by between 10 per cent and 15 per cent over the last year. A study into ‘The Luxury Tourist Report Property Market’ found that despite these falls; the Golden Triangle in the Algarve has remained [...]