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After years of unheard and excessive year-over-year growth, the Portuguese real estate market is starting to shows signs of stabilisation due to several national and international causes.

This Thursday, August 8, the government approved further changes to the rules on local accommodation (LA), eliminating the non-transferability of licences defined by the previous executive, and the new decree-law will now be consulted by the National Association of Portuguese Municipalities.

Since the European Union is more and more regulating the financial markets across Europe, the process for buying a property in Portugal will be similar as the process in your home country. However, there are specific laws and regulations in Portugal applicable, therefore

Although the 6 per cent VAT on housing is not immediate, experts believe that the wait will be worth it. But they point to challenges. Applause echoed through the construction and property sectors as soon as Montenegro's government announced that it was going to cut VAT on new construction from 23% to 6%. This is the measure in the Construir Portugal package that will have "the greatest impact" on resolving the housing crisis in Portugal

In the contrary of many other countries, it is quite easy to open a bank account in Portugal as a NON-EU resident. Furthermore, if you are already thinking of having a permanent residency in Portugal through Portugal’s D7 Visa Program, opening a Portuguese bank account will come in handy in your investment and your application process. What you need to do first ...

Portugal is part of the European Union and the Schengen area to start with. With a stable political and social environment for many decades, a very safe society, a highly skilled and English fluent labor force and an excellent quality of life, it is not a surprise that Portugal is becoming a top choice for highly qualified workers, entrepreneurs and ultra and high net worth individuals who wish to take up residence in the European Union. The special tax regime for Non-Habitual Residents aims to attract Ultra and High Net Worth Individuals