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.

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.