"New cruise terminal in Lisbon inaugurated today"

The new Lisbon cruise terminal will open this Friday (Nov. 10), after the government planned to start operating in May and later its inauguration in the Summer, which did not happen.
According to the information sent by the Administration of the Port of Lisbon (APL) to Lusa, the new terminal began its activity on September 18, when it received a ship with 3.500 passengers. This project provides a building with 13.800sqm on three floors and capacity for 800.000 passengers per year, which represents an increase of 300.000 compared to the current numbers. (...)

Embarkation and maximum disembarkation of 4.500 passengers
The APL forecasts for this year 334 stopovers and 522.700 passengers. "For 2018, the concessionaire estimates 361 stopovers and 617.000 passengers, which means a growth in relation to the forecasts for 2017 of about 8% in the stopovers and 18% in the number of passengers, making 2018 the best year of the Port of Lisbon. (...)"

Source: Idealista News

"This is the right time to sell a home" 

The real estate market is alive, in a good health and it is recommended. The president of the Association of Professionals and Companies of Real Estate Agents of Portugal (APEMIP), Luís Lima, agrees, and has no doubt that "this is the right time to sell an house." It recognizes that the sector is experiencing a vibrant recovery and that the union between tourism and real estate "is positive for both".

"In the last two years, the real estate sector grew more than 50% in terms of transactions. And for this year, I predict a growth of more than 25%." (...).

Source: Idealista News

Algarve heads for record golf year 
The Algarve’s standing as the ideal golf holiday destination has risen to a new level with record visitor numbers being fuelled by a strong social media following. 

With the recent success of the Portugal Masters still fresh in the minds of European golf enthusiasts, the region has reported some impressive figures for the first half of 2017.
The Algarve is widely regarded as Europe’s number one golf destination with 43 fabulous courses and it hit an all time high for golf visitors numbers in 2016 with almost 1.3million rounds throughout the year.
And the trend has continued in the first six months of this year. The new figures have shown another in- crease, with more than 788,000 rounds played between January and June - a total rise of almost four percent on the 2016 figures.  (...).

Source: The Portugal News

"The largest tech conference in the world" -  Lisbon Web Summit starts today: 6-9 November 2017

The second Lisbon Web Summit starts this morning at its riverside location at the Park of Nations.
Last year’s inaugural event in the Portuguese capital attracted a total of 53,000 people from 166 countries and 15,000 companies.
Organisers are this year expecting a record 65,000 participants, with public transport services being boosted around Lisbon to accommodate the influx of visitors.
The event, which is completely sold out, is estimated to be worth at least 200 million euros for the Portuguese economy."

Source: Portugal News

3rd International Meeting Poetry to the South is this year "even more international"

The 3rd International South Poetry Encounter will take place from the 3rd of November until the 12th in the city of Olhão, and "after the success of the first two editions, the event takes on an even more international character".
The event will be attended by guests from Morocco, Cuba, Spain, Brazil, Dominican Republic, France, Ireland, Mexico, Puerto Rico, Netherlands, Vietnam, Turkey, Argentina, Chile, Venezuela and, of course, Portugal. 

The list of participants (over half a hundred poets, musicians, teachers, lecturers and translators from 16 countries) "represents an opportunity to spread international contemporary poetry and a direct contact from the public with the writers who create and produce it, in a privileged setting, such as the city of Olhão, "mentions that city hall.

Source: Sul Informação

Real estate will continue in vogue


The investors who want to consider real estate as a way to monetize their assets, currently have several ways of doing so. They can monetize their property through long-term rental, or decide for local accommodation.

After several years in crisis, the real estate has been reborn. It has even been one of the sectors with the best news for the national economy. The positive statistics succeed: transactions are reaching the highest since at least 2009, such as the housing price index. Is it still worth catching the wave of investment in real estate? The experts believe that it is worth it.

Source: Jornal de Negócios

Happy Halloween 2017!

IT is time to don your fancy dress costume and make sure you have plenty of sweets and chocolate stashed near the door as Halloween is TODAY.
But do you know how the day got its name and why we celebrate it? Here's the lowdown...
Halloween falls every year on October 31, which is a Tuesday this year - that's today! It is held the day before All Saints’ Day, which is a Christian festival used to celebrate recognised saints. Halloween activities typically involve trick or treating and dressing up in fancy dress.

Why is the date of Halloween significant?
The word Halloween comes from Hallowe’en, meaning "hallowed evening" or holy evening.
It is widely thought that Halloween traditions came from Celtic harvest festivals of Samhain, although some people support the view that Halloween began independently as a Christian festival.
Samhain was a celebration of the end of the harvest season, and means "summer’s end."
People at this time thought the walls between worlds were thin and spirits could pass through into our realm, and it was feared they may damage crops for the next season.
To appease any spirits, gaels would set up places at their dinner tables for the spirits and light bonfires to scare off evil spirits.

Source: The Sun

These are the 10 most expensive buildings in the world

It does not matter in which part of the world a building is built. We always know the moment when it begins to be "born", but we never know the moment when it is finally completed. Between the laying of the first stone and its inauguration multiple problems can arise, which will probably increase the starting price. These are the 10 most expensive buildings in the world. Curious?

   1 – One World Trade Center, New York: € 3.307M               2 – Emirates Palace, Abu Dhabi: €2.544M                   3 – Palace of the Parliament, Bucareste: €2.544M     
       4 – Wynn Las Vegas, Las Vegas: €2.290M                   5 – Shanghai Tower, Shanghai (China): €2.035M                          6 – The Venetian Macao: €2.035M
7 – Royal Adelaide Hospital, Adelaide: €1.781M            8 – Goldman Sachs Headquarters, New York: €1.781M               9 – The Palazzo, Las Vegas: €1.611M
    10 – The Shard, Londres (Reino Unido): €1.611M

Source: Idealista/News

Portugal is the third best country to visit in 2018

Portugal continues to be in vogue and conquering the world. Art, culture, gastronomy, affordable prices and natural wonders, are some of the reasons to visit Portugal in 2018. But, there are even more. The Best in Travel 2018 from Lonely Planet had already revealed the best countries, cities and regions to visit next year. Portugal is in the Top 10. More, the country known as "seaside planted country" has risen to the podium and appears in the third place of the list of countries to visit.
In addition to a "dynamic centre for art, culture and cuisine", as described on the official website of the publisher - one of the most famous travel guide publishers in the world - Portugal is prized for "incredibly affordable" prices and "natural wonders "such as the Algarve beaches and the Serra da Estrela Natural Park.
In the list of arguments for the distinction, the publisher also refers to the presence of "cuisine" rising chefs - in 2017, seven new Portuguese restaurants have collected Michelin stars.

Source: Idealista/News

Record year for Portuguese housing market on the cards

The current year is set to finish with more than 20 billion euros changing hands in real estate transactions across the country.

The news of the continued growth in the Portuguese property market was revealed this week by the National Real Estate Agents’ Association (APEMIP).
The association said that with this projected growth, the property market will have expanded by 20 percent on last year’s figures. 
APEMIP further forecast that this growth will continue for at least the coming two years. It said that the real estate market has received a decisive push through foreign investment, but said that continued growth is now also being supported by the domestic market, with investors cashing in on their bank deposits to invest in the buy-to-let market.
Meanwhile, new figures have show that the building industry has registered growth of over 40 percent.
According to the Pipeline Imobiliário Index, the number of building licences issued between the second quarter of 2016 and the second quarter of 2017 has climbed by 42.7 in mainland Portugal.
The issuing of licences to renovate or rebuild old homes performed particularly strongly, with an increase of just over 68 percent for the period in question.
Meanwhile, official figures out earlier this autumn indicated that the national housing price index has seen property prices rise by eight percent during the second quarter of the year when compared with the same period in 2016. House prices also rose on the first quarter of 2017, with the cost of housing up 3.2 percent.
Figures published by Portugal Statistics (INE) further revealed that new properties continued to report growth, while used properties, while still recording strong increases, slowed during the second quarter of the year.
The INE said that a total of just under 37,000 properties were sold between April and June, which is up 16.1 percent on 2016 and almost five percent above the number registered between January and March this year.
The total value of real estate sold during the second quarter was up 23.3 percent on last year, totalling 4.6 billion euros, of which 3.7 billion euros accounted for used homes.

Source: Portugal News

Lisbon among top weekend destinations

Online weekend getaway portal and app, weekenGO have released a study revealing the top 100 best cities in which to spend the weekend, with Lisbon being placed 28th overall. London took the top spot.

The results give an overall score for each city, but also indicate which destinations are best for three different types of travellers; millennials, families and baby boomers. 
Lisbon rated consistently high in all three categories, and did not perform particularly strongly in any single department.
As a company who lives and breathes weekend travel breaks, weekenGO undertook the study to define what exactly makes a city great for a short visit, and to help travellers of different age groups and dynamics to choose a destination which best caters to their interests. 
To determine the categories for the study, weekenGO first considered what factors affect a weekend trip. Several criteria are important to travellers no matter their age or affluence, for example how easy a city is to navigate, the ease of finding accommodation and the number of green spaces. To highlight which cities are best for millennials, families and baby boomers, the number of social locations such as restaurants, bars and clubs were included, as well as cultural activities such as museums, art galleries and theatres. In addition, safety and tolerance were factored into the research, looking specifically at data on women’s rights and safety, LGBT friendliness and the perception of security. 
To create the individual scores for millennials, families and baby boomers, weekenGO looked at traveller’s interests on a macro level to determine the best overall representative score. Each category is scored, with a high score indicating high desirability for this factor and a low score indicating a low level of attractiveness for tourists.
"Given the fact that we looked at over 1,000 cities worldwide, every destination that made it to this top 100 ranking ought to be on your weekend getaway bucket list," commented Tobias Boese, co-founder and managing director of weekenGO. "Cities at the top of the ranking such as London, Paris and New York are iconic for a reason, but those cities at the bottom of the ranking such as Casablanca and Belgrade still have a great deal to offer for an unforgettable weekend trip."

Source: Portugal News

Indoor outdoor living

We all choose to either live here in Portugal or have holiday homes here because of the amazing climate. Last month we were still enjoying temperatures regularly tipping 30 degrees with blue skies and little wind. The beaches are still busy and if you don’t book your restaurant you could well be taking home chicken piri piri from your local churrasquera!

According to a recent study by MSN, Portugal enjoys more than 3000 hours of sunshine per year. That equates to over 300 days (I don’t think we have had 300 days of sunshine throughout my whole life in Manchester!). If we have a few days of rain you can almost guarantee we will enjoy a couple of weeks of blue sky and sunshine to even things out.

That is why the orientation, size of garden or balcony and garden layouts are so important when choosing your dream home. As part of your planning you need to decide on what you prefer. Morning sun so you can be woken up with the sun pouring in through your bedroom window, followed by breakfast sat in the early sun with freshly squeezed orange juice.

Or do you prefer a G&T sat reading your book in the afternoon as the sun falls over the western skyline?
Or you may just prefer to sunbathe for as long as you can across the day and therefore need all round sunshine on your property.

Source: Tomorrow Algarve

"Home, sweet Portugal
The number of foreign residents in Portugal is on the rise.

It is hardly news that Portugal is a good place to spend your holidays - proof of that are the 21 million tourists that are expected to descend on the country by the end of 2017, according to data from the National Statistics Institute -, but that Portugal is a good country in which to work is a recent reality.
Among the attractions are the Portuguese sun, hospitality and safety, the international context – hello Brexit! – and governmental measures that promote foreign investment, such as the tax regime for Non-Habitual Residents and the Golden Visa.
Add to this events such as the Web Summit, which will remain in Portugal until 2018 and which brought more than 53,000 participants from 166 countries in its first year alone, and even the arrival of the queen of pop Madonna, and we can see why the country has become an appealing destination all round.
The numbers confirm it: according to the Portuguese Immigration and Borders Service, the number of foreigners living in Portugal increased 2.3% (there are now 400,000 people) in 2016 compared to 2015, inverting the decline that had been registered since 2010. Brazil continues to be the biggest foreign community, but it was the increase of residents from the European Union that most contributed towards the growth of foreign residents in Portugal: in 2016, the United Kingdom became the sixth most relevant nationality, with a growth of 12,5% (more than 19,000 residents; and France entered the list of 10 most representative nationalities, now occupying the ninth position, with an increase of over 33% in national residents compared to 2015 (more than 11,000 people). In the Algarve, the second region with the most foreign residents in the country after Lisbon, registered a 9% increase in the number of foreign residents (almost 64,000 in total).
And it doesn’t look like this growing trend is going to wane any time soon – in September, the annual Expat Insider survey, undertaken by the InterNations guide, present in 390 cities, revealed that Portugal is the fifth-best country in the world in which to live and work. The 13,000 people surveyed (of 166 nationalities) also thought that Portugal was the number one country in the world in terms of "friendly attitude" towards foreigners."

Source: Algarve Essential - Magazine No. 105 October-November 2017

"Portugal has best quality of life for expats
Portugal has been elected as the fifth best country to work and live in for expats, climbing 23 places in the ranking of 65 countries.

Portugal topped the list in the Quality of Life Index, while it was placed fourth in terms of the Ease of Settling In.
Researchers found that 93 percent of expats in Portugal are satisfied with their life here, with 29 percent saying they are very happy in this respect.
Personal happiness had dropped last year, but showed significant improvements in 2017, seeing Portugal climb to third overall.
The improving political stability in Portugal also saw the country climb the rankings, while 95 percent rate personal safety positively.
Portugal is also number one when it comes to friendliness and feeling welcome.
In addition, 89 percent find it easy to get used to the local culture in Portugal compared with just 74 percent in 2016. The general friendliness of the population (92 percent) and the welcoming attitude towards foreign residents (94 percent) are the other factors which have significantly improved.
The small Arab monarchy Bahrain is the surprise winner of this year’s Expat Insider survey, followed by Latin American countries Mexico and Costa Rica. 
At the other end of the ranking, Greece, Kuwait, and Nigeria are least popular among those living abroad. Issues range from insufficient incomes to a poor quality of life to problems with personal safety, as the Expat Insider 2017 survey reveals. 
With nearly 13,000 respondents living and working abroad, it is deemed one of the most extensive expat studies, conducted yearly by InterNations, the largest expat community worldwide. 
Apart from offering an in-depth analysis of life abroad, the survey ranks 65 countries by a variety of factors such as quality of life, working abroad, and settling in. 
According to the survey, this year’s top 10 destinations for expats are Bahrain, Costa Rica, Mexico, Taiwan, Portugal, New Zealand, Malta, Colombia, Singapore, and Spain.
The Czech Republic is the new best destination for working abroad, largely due to improved satisfaction with job security. Additionally, the Netherlands has jumped from 20th to 6th position, gaining considerably in terms of work-life balance. 
Greece, Kuwait, and Nigeria remain the worst expat destinations due to a lack of career prospects, personal dissatisfaction, and worries about safety and security."

Source: Portugal News- Edition of 9th of September 2017

"Brits have a new favourite holiday destination – have you been yet?
LOOKING for holiday inspiration? This is the latest travel hotspot for British tourists."

The British newspaper "The Daily Star" mentions Portugal, specially the Algarve, as one of the most famous spots for the British holidaymakers.

"Forget Costa Del Sol, Brits are branching out (slightly) when it comes to holiday destinations.
As the summer draws to an end, statistics reveal Portugal’s popularity has reached a nine-month high.
Just a two hour flight from London, Portugal is a great choice for people who like a bit of sun, sea and sand.
One of the most popular spots is the Algarve, Portugal’s southernmost region, known for its Mediterranean beaches and golf resorts.
Vibrant cities like Lisbon and Faro are also hugely popular with holidaymakers."

Source: The Daily Star - Edition of 4th of September 2017

Portugal’s hotels busier during first six months of this year

The National Statistics Institute (INE) reported this week that revenue was also up to €1.4 billion.
"In the first half of 2017, overnight stays by residents increased by 4.3 percent, and those by non-residents increased 11.6% percent," the INE’s report read. During the month of June alone, the hotel industry registered 2.1 million guests and 5.9 million overnight stays, corresponding to increases of 8.5 percent and 8.0 percent, respectively (up 7. percent and 6.5 percent on May).
The domestic market fell in June, while external markets accelerated.
The average duration of stays in June was shorter than last year, but revenue continued to increase.
In the Algarve, Portugal’s most popular summer tourist destination, the average room occupancy rate last month, July 2017, was 85.9 percent, down slightly on July 2016.
However, figures from the region’s largest hotel association AHETA showed that overall, since January, "occupation is up 2.7 percent" on the total average of the first seven months of 2016. The association stressed occupancy was "still above-average" for the month of July.
Geographically, the biggest growths in occupancy were registered in Lagos and Sagres, and Portimão and Praia da Rocha, which had the highest occupancy rate in the Algarve last month, being 92.8 percent full.
Nonetheless, the majority of nights spent in the Algarve were enjoyed by Portuguese (26.6 percent), Britons (26.1 percent), Germans (9.5 percent) and the Irish (7.6 percent).

Source: Portugal News - Edition of 19th of August 2017

Golf tourism with record year 

According to the Portuguese Golf Federation the golf tourism has been gaining more and more "weight", reaching in 2016 the best year ever.
The idea is to continue growing and in 2017 beat the figures of the previous year. The most recent statistics point to around 1.2 million rounds
per year, which directly and indirectly represents around 350 million euros in turnover.

The Golf Federation also points out that the Algarve is, together with the South of Spain, the main golf destination in Europe.
 "Year after year, it has been winning international awards as the best golf destination because of the quantity and quality of its golf courses,
it joins the high level of hotel capacity and all the reference logistics associated with golf, airport and air links, transfers, animation 
and appropriated catering" mention to SOL newspaper, the CEO of NAU Hotels & Resorts, Mário Ferreira.

Source: SOL Newspaper

British property expert says Portugal is more attractive than Spain, Italy or France

Forget about Spain, France or Italy. Portugal is "the place to be now", according to British real estate expert Ashley Foakes.
He believes Portugal offers "better investment opportunities" than the others as "its economy is improving, its urban density is lower than Spain’s and it is known for being safe".
And if people take their time to do their research – "due diligence", as he calls it – the expert says they will find that there are great opportunities in Portugal.
So he told Lusa news agency at the Portuguese Chamber’s 2017 Property Conference, held on Tuesday (May 9) at Lord's Cricket Ground in London.
Foakes works for Brookes and Co, a property investment company "specialising in a range of investment opportunities in both the UK and overseas".
He also does not believe Brexit will have a negative impact on British investment in Portugal.
"We hope that our long relationship with Portugal will prevail, and that Brexit won’t have an impact on its future," Foakes said.
The conference has been organised annually since 2004. During the last decade it has "grown in prestige to become the annual networking event for property professionals working in the tourism/residential sector in Portugal and the UK".
It attracts over 120 paying delegates each year, and the audience includes developers, financiers, mortgage providers, property investors, bankers and real estate investment groups.
The theme of the event this year was "How can Portugal target the three main British buyer profiles?"

Source: Algarve Resident



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