It’s been a busy week here for Portugal, as the Algarve is #1 for living and investment and I’m just back from a bustling Your Overseas Home show in Birmingham. Also this week, they say an Englishman’s home is his castle, and we think that still holds in the Algarve, as the 15th-century Milfontes Castle comes up for sale on our portal.
As Carnival kicks off here in the Algarve, with parades, parties and a day off for many employees, we’ve got plenty of good news for you. Ryanair is opening 15 new routes to Lisbon, Porto and Faro, property prices are on the up and we’re bringing a bit of Portugal to London at Your Overseas Home on Saturday.
Portugal is working behind the scenes on its Brexit policies, and, in addition to new measures at Faro and Funchal airports, has now released guidance on how expats can stay post-Brexit. Plus, tourism income is up in the Algarve, Forbes names Lisbon as a property market to watch, and the Volta ao Algarve cycling race is set to begin.
Things might be quite quiet down here in the Algarve, but the defeat of Theresa May’s Withdrawal Agreement hasn’t escaped notice. The Foreign Ministry has announced generous plans for Brexit in Portugal to preserve expat rights and encourage tourism as an ‘old British ally’. Plus, as we tally up from 2018, last year looks good for us, with a record year for exports and investment.
Happy New Year from our Vilamoura office! As the sun shines on us (yes, in January), we’ve got a great crop of news for you out of Portugal this year. New tax breaks for those renting out properties have been announced – good news for investors! Average house prices are continuing their steady rise, while the word on the ground is that a deal is set to be sealed on Montijo Airport next week. Also next week, the Foreign Minister will announce his plans for a no-deal Brexit.