I wrote this time last month that Portugal’s property market is booming and that’s certainly showing no signs of slowing down. The golden visas programme continues apace, attracting more and more investment into the country. Likewise, we’re seeing more results of the building boom, with luxury developments in Lisbon nearing completion. Plus, lest you think the Algarve’s just for holidays, an innovative solar facility’s opened near Martim Longo.
More passengers, bigger airports and new routes – 2018 is turning into a busy year for air travel in Greece. It all reflects the country’s healthy tourist industry. It’s also a useful indicator of where to buy a home there. We take a closer look at recent developments, including new flights to Greece.
You may spot some common themes last and this week in your Portugal news update: sun, golf, and a strong economy. We’re still enjoying temps in the 30s out here as the Portugal Masters draws to a close. Also this week, figures are showing that the Portuguese holiday rental sector is doing better than we thought, as the ‘staycation’ grows in popularity among locals.
The summer holiday season is over in Spain, with resorts and tourist spots winding down for the quieter months of the year. For property-hunters though, autumn is the time to spring into action. That means booking a viewing trip and taking the next vital steps towards buying your new home abroad.
Getting official residency in Portugal is something you must think about if you intend to stay long term. This article explains all the details, quirks and possible frustrations you might encounter.
If you’re dreaming of moving out here to Spain, but you’ve still got commitments back in the UK, a holiday home could well be the answer. “But what about the cost?”, I hear you ask. Well, you can easily offset that by letting out your property. In fact, a recent survey shows that we property owners are missing out on €33.4bn of rental income in Spain. Not to be outdone by these significant figures, more research this week has come out, showing that living in Spain is up to £22,000 less expensive than the UK. Here’s your news update this week from sunny Spain.
