Prices for Local Lodging (“AL”) rose in the historic centres of Lisbon and Oporto during the first half of 2016 according to the “Confidencial Imobiliário Index”. The average cost of “AL” accommodations increased by 4.6% in the historic districts of Lisbon and 0.3% in the centre of Porto.
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Majority of Local Lodging buildings were vacant
60% of the buildings currently used in Local Lodging were previously uninhabited according to a recent study issued by the Portuguese Hotel Association (AHRESP). Only…
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“IRS 2017” reporting underway
Five million households have two months ending 31 May to submit their “IRS” income tax return for 2017. The reporting period began on 01 April…
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Foreigners bought 25% of the homes sold in 2017
Last year, 152,000 homes were sold in Portugal, an increment of 25%. French and Brazilian are the foreigners who are buying more properties. The jump…
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Algarve councils to levy tourist tax
AMAL, the Algarve’s mayors’ group unanimously approved the introduction of a tourist tax for visitors staying in the region’s hotels and local lodging establishments. All…
