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Blog
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Portuguese housing market keeps on booming because flourishing tourism industry
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. -
The 2025 New Year speech of Prime Minister Montenegro in short.
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. -
The Portuguese Housing Law in brief
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. -
Positive rules and regulations for Holiday Rentals in the algarve!
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. -
Portugal Real Estate Market Update 2024 H2 and 2025 H1
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. -
AL license becomes transferable again with new government law
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.