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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