A recent O Jornal Económico report reveals that tenants are snapping up approximately 17% of rental homes in Portugal within 24 hours of them going on the market.
The non-habitual residency scheme is a popular residency option for those wishing to live in Portugal. It allows international residents an opportunity to pay a lower, flat tax rate on their Portuguese income and no tax on foreign income, including pensions.
The Portugal state budget for 2024 is currently working its way through parliament. Nothing is yet finalised, and it’s important to note that it’s far from unusual for amendments to make their way into the final legislation. However, with the full text of the budget available to the public, it’s already possible to gain a sense of what’s in store.
