by Jannik | Oct 13, 2023 | General
(Blog post filled with sources and references to provide accurate knowledge!) Do you know better? Comment with links! The year 2023 brought forth a tide of substantial changes to Portugal’s coveted Non-Habitual Resident (NHR) regime, stirring both concern and...
by Jannik | Oct 10, 2023 | General
Just weeks after the earlier discussions surrounding the potential discontinuation of Portugal’s Non-Habitual Resident (NHR) scheme, we have a substantial update to share. The State Budget Proposal for the upcoming year has been officially presented, and it...
by Jannik | Oct 10, 2023 | General
In an unforeseen announcement on Monday, October 2, Portugal’s Prime Minister revealed plans to phase out the unique tax regime for new non-habitual residents (NHR) by 2024. This revelation sent ripples through the real estate sector, as both investors and...
by Jannik | Oct 10, 2023 | General
In recent years, Madeira has been witnessing a significant shift in its demographic landscape. The number of foreigners making the archipelago their home has reached record highs, reminiscent of figures last seen in 2008. As of December 2022, 11,793 out of...
by Jannik | Oct 9, 2023 | General
The real estate landscape in Portugal, particularly in the regions of Algarve, Lisbon, and Madeira, has recently faced a significant downturn, with house sales plummeting by over 25%. The latest data from the National Statistics Institute (INE) paints a sobering...
by Jannik | Oct 3, 2023 | General
Portugal is currently grappling with a significant housing crisis. The convergence of an influx of foreign buyers and the challenging European financial landscape is escalating living costs, making it increasingly challenging for the average Portuguese citizen. This...
