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The Euro hits €1.28 to the Sterling Pound. How does this affect a growing Portuguese Property Market

2014 and the beginning of 2015 has seen the Euro fall against the sterling pound and the dollar. Though these rates will greatly affect those wishing to enter the UK market from Portugal, from a British or non-european perspective, this news will come as a delight to anyone looking to buy into the European market.   After a lengthy period of economic instability, both contributing and, at the same time, running in conjunction with an extremely lethargic housing market,...

Posted on Friday, January 9, 2015 by

Pay Less Tax on your Income and Pension when you own property in Portugal (NHR)

The Portuguese Non Habitual Resident regime (NHR) is aimed at attracting high level professionals to Portugal, who will pay a flat rate Tax of 20% on their salary or self-employed income. Pensioners also benefit by being exempt from taxes under this scheme.   Such individuals are exempt in Portugal from paying tax on their non-Portugal income of all categories, including pensions, self-employment, real estate, capital income and capital gains. To qualify you cannot...

Posted on Friday, September 5, 2014 by

Multi-million-Euro development could bring football focus to Algarve

Investors behind a brand new football village have revealed a small town near Lagos as a possible location for its construction, according to algarvedailynews.com . Match Algarve is a €110-million-project backed by a consortium of Portuguese and Dutch entrepreneurs. Promising to be the 'largest and best equipped' football facility in Europe, it will comprise villas, a hotel, spa and gym in addition to eight playing fields, a running track and medical centre. It will also...

Posted on Monday, February 10, 2014 by Elizabeth Smythe

Portugal's green credentials soar in two years

A new poll has found that Portugal has become much greener in the last couple of years. The country now features in the top 20 in the Environmental Performance Index (EPI), which names the most environmentally-friendly countries. The index, which is carried out by researchers from the universities of Yale and Columbia, places Portugal at number 14. This is a massive 24 places higher on the index than it was back in 2012. Overall, 178 countries are surveyed as part of the research....

Posted on Tuesday, February 4, 2014 by Samantha Bartlett

British government criticised over voting system for ex-pats

The European Commission (EC) has criticised the UK government for not offering the vote to ex-pats, according to thelocal.se. Britain was just one of the nations that slated for the lack of voting rights for Brits who live abroad. Others included Cyprus, Malta, Ireland and Denmark. Most other nations still offer the vote to ex-pats, with only renewed registration needed from time-to-time. The EC has now set out new guidance relation to voting for ex-pats. They claim that EU...

Posted on Monday, February 3, 2014 by Samantha Bartlett

Gold visas continue to attract overseas investment

The golden visa system that Portugal has in place has continued to draw overseas investors looking for a holiday home in the country. In the first three weeks of January alone, Portugal issued 49 fast-track golden visas, which is thought to amount to around 27 million Euros worth of investment, the Portuguese Foreign Minister Rui Machete has revealed. The foreign minister announced this at the signing ceremony for the new tourism visa which will make the country more accessible for...

Posted on Wednesday, January 29, 2014 by Michael McFadyen

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