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Lisbon s Hot Housing Market Defies Push to Deter Foreign Buyers

Lisbon s Hot Housing Market Defies Push to Deter Foreign Buyers
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Portugal: Lisbon house prices keep rising past Milan, Madrid and Berlin

For many Portuguese families, the dream of buying a home has been replaced by expensive, substandard rentals in far-flung suburbs.

France generalBruxelles capitalePedro coelhoFilipe silvaPaulo silvaClaude berdaCardoso botelhoJones lang lasalleJose cardoso botelhoConfidencial imobiliarioVanguard propertiesNova school of businessBloomberg city trackerLisbon based vanguard propertiesJones langNova school

Portugal to ditch tax breaks for foreign residents amid housing crisis

Portugal s Prime Minister, Antonio Costa, has announced plans to close the tax breaks scheme for foreign residents in the country by 2024. The scheme, known as Non-Habitual Resident, was introduced in 2009 to attract investors and professionals during the financial crisis. However, Costa stated that the scheme had caused inflated housing prices and was no longer justified.

Confidencial imobiliarioPrime minister antonio costaNon habitual residentForeign residentsHousing crisisTax breaksPortugal housing crisis

Portugal to ditch tax breaks for foreign residents amid housing crisis

Portugal to ditch tax breaks for foreign residents amid housing crisis
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Mark potterAndrei khalipCatarina demonyConfidencial imobiliarioThomson reuters trust principlesPrime minister antonio costaNon habitual residentThomson reuters trust

Portugal to ditch tax breaks for foreign residents amid housing crisis

Tax breaks for foreign residents in Portugal are no longer justified, Prime Minister Antonio Costa said, promising to close the scheme for new applicants in 2024 after it stoked housing prices in one.

Catarina demonyConfidencial imobiliarioMark potterAndrei khalipPrime minister antonio costaNon habitual resident