The construction of two new Hilton hotels near the Lagos Marina marks a turning point in the revitalization of this area and promises to boost the local real estate market. With a planned opening in 2026, the Lagos Marina Hotel, Curio Collection by Hilton (5-star) and the Hilton Garden Inn Lagos (4-star) bring with them a substantial investment and the promise of a vibrant future for the...
November 2024 brings significant changes to the Alojamento Local (AL) landscape in Portugal. Starting November 1, 2024, Portugal has loosened its grip on short-term rentals, reversing some of the stricter rules introduced in 2023. These changes to the Alojamento Local (AL) laws are designed to provide a more stable and flexible environment for property owners, especially those renting out...
The Algarve's allure is undeniable, with its stunning beaches, vibrant culture, and idyllic lifestyle attracting many to consider building their dream homes in this beautiful region. However, understanding the cost implications and the steps involved is crucial for making informed decisions. As a seasoned real estate agent in Lagos, I'll provide insights based on official sources and my experience to...
In the dynamic Lagos real estate market, securing the right agency to sell your property is crucial. While the allure of low commission fees offered by some agencies, as low as 2.5%, may seem tempting, opting for the cheapest option may not yield the best results. Established agencies, typically charging 4-5% commission, offer a range of benefits that justify the higher cost. Let's explore why investing...
The second quarter of 2024 has painted a complex picture of the Algarve's real estate market, with Lagos showcasing a unique blend of resilience and adaptation. While the initial shockwaves from the 2023 regulatory changes and economic headwinds have subsided, the market is still finding its footing amidst a backdrop of cautious optimism. Market Overview Overall Sales: The first half of 2024 saw a...
The latest Portuguese government, led by Prime Minister Luís Montenegro, took office on April 2, 2024. This government presents a plan called Construir Portugal, which includes 30 measures aimed at reformulating the housing sector in the country to address one of Portugal's greatest deficiencies. This strategy has come into effect in recent days and aims to encourage housing supply, with a special...
Buying a house without presenting the usage licence to use (licença de utilização) is one of the 2024 real estate market innovations, part of the Portuguese Urbanistic Simplex measures. Recent regulations in Portuguese legislation aim to increase housing supply, reduce costs, and streamline transactions. This is the Portuguese Urbanism Simplex, in effect since the beginning of 2024. On January 4,...
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