Why real estate in portugal is getting more expensive ?

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Why real estate in portugal is getting more expensive ?

Real estate in Portugal is getting more expensive due to several factors, including:

1. Increased demand: As Portugal becomes an increasingly popular destination for tourism, expats and remote workers, the demand for real estate has been steadily growing, driving up prices.

2. Limited supply: The housing market in Portugal has been slow to catch up with the growing demand, resulting in a limited supply of properties available for sale or rent, contributing to higher prices.

3. Golden Visa program: Portugal's attractive Golden Visa program, which offers residency to non-EU investors who purchase property worth over a certain threshold, has attracted wealthy foreign buyers driving up property values.

4. Low interest rates: The European Central Bank's low interest rates have made it easier for people to get mortgages and finance property purchases, adding to the increased demand and rising prices.

5. Urban regeneration projects: Increased investment in urban regeneration projects, particularly in popular cities like Lisbon and Porto, has contributed to the growth of property values as neighborhoods become more desirable.

Overall, a combination of factors including growing demand, limited supply, attractive investment programs and low interest rates have contributed to the increasing real estate prices in Portugal.

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Good news!! Portugal is the country of the EU with fewer cases of covid-19

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Good news!! Portugal is the country of the EU with fewer cases of covid-19

Portugal is currently the country of the EU with the lowest incidence rate of covid-19, according to the most recent data released this Thursday , March 18th, by the European Center for Disease Control (ECDC, in acronym in English).

In the last 14 days, Portugal recorded an incidence of 93 cases of infection with the new coronavirus per 100 thousand inhabitants, according to the ECDC weekly report. Second in the list of countries with the lowest numbers in the EU (considering only the 27 Member States) is Ireland, with 144 cases per hundred thousand inhabitants, and third is Spain, with 147.

Lisbon Sunset

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Coronavirus: Christmas and New Year restrictions in Portugal

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Coronavirus: Christmas and New Year restrictions in Portugal

Travelling to Portugal from abroad this Christmas or New Year Eve

If you are planning to travel to Portugal this Christmas, then all of the above domestic travel measures will also apply. There are currently no restrictions on UK, EU and Schengen area travellers.

Restricitons on New Year Eve

Circulation between municipalities:

Prohibited between 00:00 on December 31. And 5 am on 1/4.

Traffic on public roads for the entire continental area:

On December 31st Prohibited after 11 pm;

Prohibited on days 1, 2 and 3/01 from 13:00

Opening hours throughout the continental area:

On December 31 The restaurant is open until 22:30.

On days 1, 2 and 3/01, the restaurant is open until 1 pm, except for home delivery.

- Public or publicly accessible parties are prohibited.

- Prohibit meetings with more than 6 people on public roads.

Restricitons on Christmas

Circulation between municipalities is allowed

Circulation on public roads:

Night from 23 to 24: allowed only for those who are traveling;

Days 24 and 25: allowed until 02h00 of the following day;

Day 26: allowed until 23h00.

Opening hours:

On the 24th and 25th nights, restaurant operation is allowed until 1 am.

On the 26th, restaurant operation is allowed until 3:30 pm in municipalities with very high and extreme risk.

On the 24th and 25th, the closing hours do not apply to cultural establishments.

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20 reasons why we'll all return to Portugal when this is finally over

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20 reasons why we'll all return to Portugal when this is finally over

In the new dawn of travel, when the starting gun has sounded and we are all longing for a taste of the unknown, exotic or merely different, Portugal is that rare thing of being near but with beaches that rival the Caribbean, of being foreign but familiar. Best of all, they love us. After all, Portugal is England’s oldest ally with a friendship formalised in 1386 when Richard II of England agreed the Treaty of Windsor with John I of Portugal promising, among other things, ‘If in time to come... we shall need the support of the other, the ally shall be bound to give aid and succour to the other’. It was something that played out in the ICU at St. Thomas’s just the other day.

Here are 20 more reasons why Portugal should be your first holiday after lockdown is lifted.

1. Pastéis de Nata

This little custard tart, with a delicate dusting of cinnamon, has started popping up everywhere due to its popularity.  But these imitations pale in comparison to the real thing, eaten still warm under blue Lisbon skies. For authenticity, head to Pastéis de Belém, where the recipe originated in 1837, brought, some say, through a secret underground corridor by monks in the kitchen of the magnificent, neighbouring Monastery of Jerónimos.

Belem Pastry

2. The beaches

They are the finest in Europe. In the Algarve, cove after sandy cove framed by mellow, yellow, limestone cliffs run along the coast alternating with long, as-far-as-the-eye-can-see stretches of sun-burnished sands. In the east of the Algarve they are washed by gentle seas, infiltrated by a bit of Mediterranean warmth, in the west, they are pounded by the fierce Atlantic. Travel up the coast of Portugal, past beaches like Odeceixe, a turquoise swirl of river running through it, to the seductive, powder-white sands of Comporta. Then on to Lisbon’s playground of Estoril and Cascais, where a lick of golden beach runs in front of the grand old 19th-century villas; and onwards and upwards to Foz, where the River Douro flows into the sea and simple fish restaurants line the sand.Portugal's 10 most beautiful seaside towns

3. The wine

One of Portugal’s best-kept secrets is its wine. An infinite number of small producers keep volumes low, meaning the world doesn’t get to see the treasures of the Portuguese vineyards. From the Douro in the north – the oldest demarcated and regulated wine area in world – to new wineries like Herdade Aldeia de Cima in the Alentejo, whose elegant and complex wines are preserving the history of a region which has grown grapes for over 2,000 years. 

4. Tiles

Nothing is quite so Portuguese as the tiles that glint in the white sun on the Lisbon façades or the blue and white tiled panels inset in Porto’s grey granite. In the Algarve, rust-red Santa Catarina tiles cover the floors, the faint white stripes on them, done by the fingertips of the artisans who make them. In the Alentejo, geometric tiles come in browns and yellows, greens and blues, echoing the colour of the surrounding landscape in spring.

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5. Markets

Markets are bustling, not to be missed, affairs. Quality is superb, prices are keen and a walk through the daily (save Sundays) fish market in Olhão in the Algarve or the Saturday farmer’s market in Alentejo’s Estremoz yield rich rewards. To eat rather than shop, head to the Time Out Market in Lisbon, housed in the 19th-century Mercado da Ribeira. There, stalls from many of Lisbon’s best restaurants offer an affordable taste of their style.

6. Surfing

They gather, the surfer dudes, tanned and tousled on beaches along Portugal’s west coast to hang loose or hang ten.  Nazaré, above Lisbon, still holds a world record after Brazil’s Rodrigo Koxa surfed an 80ft wave there in 2017. Just along the coast is Peniche, an old fishing town popular with surfers for its Praia do Medão beach, off which magnificent tube waves form. It is good for learners too, with an abundance of surf schools.

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7. Soap

Soap houses in Portugal are up there with the best. Don’t miss Claus Porto, its fragrant soaps enveloped in vibrant, belle époque wrapping, or Benamor 1925, which captures the glamour of the Twenties with its Rose Amélie soap, a tribute to favourite customer, Queen Amélie of Portugal, and its purple Jacarandá soap, a nod to Lisbon whose streets throng with Jacaranda trees in spring.

8. Coffee

It’s good, everywhere – even in the tiny corner cafés. Why? Because Portugal has a coffee culture brought back from Brazil. Ask for a Bica, or, if you want a drop of milk, a Bica Pingado. A Galão is the equivalent of a latte, while an Abatanado is a large, black coffee.   

9. Churches 

Beauty lies within as far as many Portuguese churches go. Severe and restrained exteriors reveal opulent, gilded interiors. Statues wear real clothes, walls are clad in blue and white, hand-painted tiles. From the white-washed churches of the south like the 18th-century São Lourenço in Almancil and the 16th-century São Roque in Lisbon, to São Francisco in Porto, where over 450 lbs of gold encrusts the interior, these are churches that demand a visit.

São Roque church.png

10. The light

It is the biggest feel-good factor this country has. The light here uplifts, day after day. The dawn breaks later, by about an hour, but by the time you have coffee in hand, the sun is shimmering through the trees and the Algarve’s blue skies are set for the day. In Lisbon the famous white light bounces off the Tejo River illuminating the tiled façades. And then there are the sunsets... 

11. Olive oil

A bit like the wines, Portuguese olive oil is one of the country’s best-kept secrets, but once tasted it is never forgotten. There is a huge choice, particularly in the Douro and the Alentejo where the wineries proliferate. One of the best is Herdade do Esporão’s extra virgin olive oil made from cordovil green olives. It is slightly spicy and quite fruity with a nutty finish. Salads just aren’t the same without it.

12. Heritage 

It is the backbone of the Portuguese, their heritage, and a rich seam to mine while visiting. From the epic 16th-century poem, The Luisads by Camões, celebrating the discovery of a sea route to India, to the haunting melody of Fado, sung wistfully in back streets, to the many medieval monasteries, theirs is a heritage which they carry proudly on their 21st-century shoulders. 

Fado.png

13. Handicrafts

They live from the land, the Portuguese, especially in the Alentejo. Here artisans still today work the delicate pink marble quarried near Estremoz, make clay figurines for nativity scenes in Evora, weave wool in Monsarez and throw pottery in Redondo. Across the whole country cork is used for furniture and wicker for baskets, while in the north lace and embroidery and filigree jewellery are typical. 

14. Walking trails

Well signposted and with good weather, walking is a pleasure here. There are routes through schist villages in the north, along a fisherman’s trail on the Rota Vicentina, which follows the coast line up from the Algarve to the Alentejo for 140 miles, or shorter ones like the Seven Hanging Valleys Trail in the south which is seven miles along the flower-filled cliffs above some of Europe’s best beaches.

Alentejo landscape.png

15. Port

The country’s most famous export remains a popular drink at home. Visit some of the port houses in Vila Nova de Gaia, across the Douro River from Porto, for a tasting and to explore the difference between tawny and vintage, ruby and pink. Dip into Espaço Porto Cruz beside the river in Porto for one of their cocktails such as Cruz Porto Pink – pink port with orange and chilli.

16. Cheese 

Pride of place goes to Serra da Estrela cheese, made exclusively with milk from the sheep which graze in the mountains in the north of the country. Hand-made and coagulated using cardoon thistles, it must mature for a minimum of 30 days. Unctuous and intense, it is traditionally wrapped in cloth. A similar method is used for Azeitão, another sour and salty gem which comes from Setubal, below Lisbon.

17. Blossom

Starting in January with the delicate pink almond blossom, which, from a distance and en masse, appears like snow. Spring sees yellow mimosa and purple jacaranda and fragrant white orange blossom. Summer is dominated by bougainvillea, flaunting itself unashamedly, while in autumn it’s the white of the strawberry tree, whose fruit makes the popular medronho (brandy). Winter brings forther the brilliant red leaves on the poinsettia trees. 

PORTUGAL BLOOM.png

18. Food

The fact that Lisbonites are called ‘little lettuces’ or ‘alfacinhas’ and people from Porto are called ‘tripe-eaters’ or ‘tripeiros’ (both of which involve a story too long to tell here) indicates the importance of food in Portuguese society.  From the national dish of bacalhau to the garlicky clams with coriander or octopus with rice, food is the centre of daily life.

19. Festivals

In Lisbon it is St. Antony on June 13, accompanied by gifts of basil and sardines grilled in the street; in Porto it is St. John on June 23, celebrated with fireworks and feasting. All over Portugal, June sees parades and festivities, many of which seem to involve jumping over bonfires.

20. Golf 

And I haven’t even mentioned the golf...

Article written by BBC Travel

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