Portuguese Aviation Authority Pulls The Plug On New Lisbon Airport
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Portugal’s hope for a new Lisbon Airport has been crushed today, as the aviation regulator has blocked plans for its development. The National Civil Aviation Authority (ANAC) has outright refused an evaluation of the plan, leaving little hope for revisiting the project in the future.
Lisbon is home to TAP Portugal, but it won’t be getting a new airport anytime soon. Photo: Vincenzo Pace | Simple Flying
No new airport for Lisbon
Residents in and around the Portuguese capital of Lisbon have had hopes of a new airport to replace the oversubscribed current facility dashed today. Portugal’s aviation regulator, the National Civil Aviation Authority (ANAC), has refused to evaluate the plan to construct the new airport, which was to be one of the country’s largest infrastructure projects to date.
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This gave considerable cheer to those seeking a home in Lisbon, Porto and popular coastal regions such as the Algarve, as buyers and investors now have an extra six-month window to take advantage of the scheme before the Golden Visa rules exclude certain areas of the country.
Now, though, a reading of the small print shows that large parts of the Algarve will be excluded from the Golden Visa changes, which means that many parts of the popular holiday region will still be eligible for the scheme even beyond January 2022.
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Portugal Resident, an online English language news site, said foreigners buying property from one end of the Algarve region to the other ‘will still be able to qualify for what is essentially a fast track to European residency’.
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The demand for knowledge about the investment landscape in Portugal during the pandemic, and post-Brexit, shows no signs of slowing down, with people eager for clarity, answers and guidance.
The Algarve, in particular, has long been a favourite destination of Brits, thanks to its long, sandy beaches, world-class golf courses and offering of both charming inland villages and more expansive coastal locations.
But how is demand holding up despite lockdowns, travel restrictions, Brexit and uncertainty over the Golden Visa scheme? And what could the main property market trends be this year in the Algarve?
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Here, PIT speaks to Mario Sardo, sales executive at QP Savills, for his take on the above questions and more.
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Letter from 1506 donated to Lamego Museum By TPN/Lusa, in News · 07-02-2021 18:00:00 · 0 Comments
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