Real estate transactions at maximum since nine years

Real estate transactions in Portugal increased 13.5% to 226,617 in 2017 compared to the previous year, and the associated investment rose 33.5% to 24.3 billion euros, to highs since 2008, data released today 06 / 11/18 from the Association of Professionals and Real Estate Mediation Companies - APEMIP. According to APEMIP "The total amount and value of real estate transactions in Portugal in 2017 is the highest value since 2008, when 241,040 properties were sold in the amount of 24.4 billion euros. From that year until 2012, the sector registered successive decreases, starting to recover in 2013. With regard to transaction values, it was the Lisbon Metropolitan Area that concentrated the highest investment value (more than 12 billion euros , 49.8% of the total), followed by the North region (with 4.9 billion euros or 20.3%) and Algarve (with 2.9 billion euros or 11.9%).

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Algarve will have tourist tax of 1.5 euros between March and October 2019

AMAL approves bases for the introduction of a tourist tax in the Algarve, in the value of 1.5 euros, from March to October, and only in the first seven days of stay ... Children up to 12 years old are exempt from payment. Each municipality must now approve, at the municipal assembly, its tourist tax regulation, which, according to AMAL's proposal, should come into force, from the 1st of March 2019.

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Delaware not included on EU offshore blacklist

Recent speculation that Delaware may have been blacklisted by the EU caused a great deal of concern amongst Algarve property owners whose properties are held in Delaware companies. Now that the list has been published, with no mention of Delaware, the Algarve Resident requested clarification of the current situation from both euroFinesco and The Sovereign Group

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House prices in Portugal grow 1.8% in the first quarter of 2017

According to data collected and now revealed by CI - Confidencial Imobiliário, the price of houses in Portugal increased by 1.8% in the first quarter of 2017 compared to the previous quarter, with the quarterly price increasing in this 1st quarter, as to the fourth quarter of 2016. The recovery in house prices in Portugal since the low market reached in June 2013 is now at 14.3%

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House prices increase double in the Euro Zone

The price of homes in Europe is rising and Portugal is one of the countries leading this upward trend, with the second highest rise in the euro zone and the fourth among the 28 members of the European Union. Eurostat data for the third quarter of 2016 show that Portugal has one of the highest growth rates in real estate prices in Europe (7.6%)

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