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Blog
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The 2025 New Year speech of Prime Minister Montenegro in short.
2 January 2025
The Prime Minister of Portugal, Luís Montenegro, delivered a proactive and optimistic New Year’s message, emphasizing a vision of transformation through investment as the cornerstone for the nation's progress in 2025. His strategic focus aligns with ensuring Portugal's growth in three key areas: Public Investment - Strengthening state-led initiatives and infrastructure. Domestic Investment - Stimulating private and business sector engagement. Foreign Investment - Attracting global stakeholders by fostering stability and security.
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The Portuguese Housing Law in brief
28 December 2024
The past year has seen a lot of commotion around all the measures taken by the Portuguese government to improve the lack of affordable housing for locals. Controversial rules and restrictions for one and great measures for the other. For anyone who is not exactly informed, Westmark real estate gives you an overview of the most important points below.
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Positive rules and regulations for Holiday Rentals in the Algarve!
1 September 2024
The Portuguese government has introduced key changes to local accommodation (AL) regulations, providing much-needed relief to property owners and boosting the real estate market. These revisions reverse some restrictive measures from the previous administration, making properties more attractive for holiday rentals to both buyers and sellers.
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Portugal Real Estate Market Update 2024 H2 and 2025 H1
15 August 2024
After years of unheard and excessive year-over-year growth, the Portuguese real estate market is starting to shows signs of stabilisation due to several national and international causes.
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AL license becomes transferable again with new government law
11 August 2024
This Thursday, August 8, the government approved further changes to the rules on local accommodation (LA), eliminating the non-transferability of licences defined by the previous executive, and the new decree-law will now be consulted by the National Association of Portuguese Municipalities.
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The process of buying a property in Portugal
1 August 2024
Since the European Union is more and more regulating the financial markets across Europe, the process for buying a property in Portugal will be similar as the process in your home country. However, there are specific laws and regulations in Portugal applicable, therefore