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Blog
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The rise of boutique real estate in the Algarve
17 April 2025
Recent data shows that 2024 saw significant price increases compared to 2023 and 2022, reflecting the region’s enduring appeal. This rapid growth has attracted a flood of new real estate agencies, while established agencies have scaled up. Yet, many still cling to outdated practices focused on volume rather than service. Historically, a real estate agency’s strength depended on its international network and brand recognition. Today, the digital age has redefined the market. Online platforms like Idealista, Green Acres, Rightmove, and A Place in the Sun have become the go-to tools for buyers and sellers. The once-crucial private networks of agents are now far less relevant.
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Portuguese housing market keeps on booming because flourishing tourism industry
18 February 2025
The Portuguese real estate market has demonstrated impressive resilience, closing out 2024 on a strong note with optimistic forecasts for 2025. According to the December 2024 Portuguese Housing Market Survey by RICS and Confidencial Imobiliário, property prices have risen by 11% over the past year, while sales volumes have surged by 27%, highlighting the sector’s solid performance.
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The 2025 New Year speech of Prime Minister Montenegro in short.
2 January 2025
The Prime Minister of Portugal, Luís Montenegro, delivered a proactive and optimistic New Year’s message, emphasizing a vision of transformation through investment as the cornerstone for the nation's progress in 2025. His strategic focus aligns with ensuring Portugal's growth in three key areas: Public Investment - Strengthening state-led initiatives and infrastructure. Domestic Investment - Stimulating private and business sector engagement. Foreign Investment - Attracting global stakeholders by fostering stability and security.
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The Portuguese Housing Law in brief
28 December 2024
The past year has seen a lot of commotion around all the measures taken by the Portuguese government to improve the lack of affordable housing for locals. Controversial rules and restrictions for one and great measures for the other. For anyone who is not exactly informed, Westmark real estate gives you an overview of the most important points below.
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Positive rules and regulations for Holiday Rentals in the algarve!
1 September 2024
The Portuguese government has introduced key changes to local accommodation (AL) regulations, providing much-needed relief to property owners and boosting the real estate market. These revisions reverse some restrictive measures from the previous administration, making properties more attractive for holiday rentals to both buyers and sellers.
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Portugal Real Estate Market Update 2024 H2 and 2025 H1
15 August 2024
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.