Welcome to the heart of the Western Algarve, where the sun shines bright and the property market continues to evolve. At Sunny Steve Real Estate, our priority is to ensure our clients—whether seasoned investors or first-time buyers—are fully informed about the latest legal and fiscal developments. The State Budget Proposal for 2026 (OE2026), presented to Parliament in October 2025, acknowledges the...
The Portuguese government, led by Prime Minister Luís Montenegro, has recently approved a new package of measures—dubbed a 'shock plan'—to address the ongoing national housing crisis. These sweeping changes aim to boost supply, stabilise the rental market, and increase affordability. While some measures have been widely praised, others, particularly those affecting non-resident buyers and the new...
Choosing a real estate agent is one of the most important decisions you'll make when buying or selling a property. In the stunning and vibrant market of Lagos and the Western Algarve, you need a partner who understands the nuances of the region and can navigate the process with expertise and integrity. That's where Sunny Steve - Real Estate comes in. As an expert in this beautiful corner of Portugal, I,...
Buying a home is an exciting milestone, but the legal steps can feel a bit overwhelming. In Portugal, the traditional way to finalize a property purchase has always been with a public deed (escritura pública). However, there is a modern, often more efficient, alternative you should know about: the Private Authenticated Document, or DPA (Documento Particular Autenticado). This article will break down...
Imagine owning a piece of a high-value property without needing a massive budget. That's the power of real estate tokenisation. It's taking off worldwide, making property investment more accessible, faster, and clearer. What Is Real Estate Tokenisation? Simply put, real estate tokenisation turns property value into digital "tokens" on a blockchain. Think of it like buying shares in a company that...
Lagos, with its stunning coastline and vibrant culture, is not only a sought-after tourist destination but also a promising location for real estate investment. The confluence of booming tourism and a steadily appreciating property market creates a unique opportunity for investors seeking both capital growth and rental income. Lagos Tourism: An All-Time High Portugal's tourism sector has...
Recent changes in Portuguese law (Decreto-Lei n.º 117/2024) have sparked discussions about the reclassification of rural land for urban housing development. To provide clarity for our international clients interested in the Lagos and Western Algarve region, we've summarized the key points: The Goal: Addressing Housing Needs The primary aim of this legislative update is to increase housing...
In 2024, the market recovered from a series of impactful decisions taken in 2023 by the outgoing government. The changes in NHR, Golden Visa and Alojemento Local went viral in the news and came as a cold shower for many investors. Fortunately, after the demission of Antonio Costa's government, the new government took action to stabilize and reassure investors. While the year started slowly in terms of...
This year has been a remarkable journey of milestones and shared experiences. Selling a home is rarely a simple transaction; it's often intertwined with life's significant moments. I've had the privilege of guiding clients through cross-country moves, navigating complex bureaucracy, and supporting them through the inevitable stresses of the market. From patiently navigating challenging situations to...
You've finally found the perfect property in the Algarve – the stunning views, the ideal location, and everything you've dreamed of. But then you discover it has some irregularities. What should you do? Don't panic. While this is a common occurrence in Portugal, it's crucial to understand the implications and take the proper steps to protect your investment. The Algarve's stunning coastline and...
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