Kategorien Algarve

Portugal – it’s the 3rd safest country in the World 2020

The Global Peace Index finds that the world became more peaceful for the first time in five years, with the average level of country peacefulness improving slightly by 0.09 percent. Alongside the country’s weather best conditions, Portugal is probably less known for its improving level of safety around. In case you were wondering about buying … Weiterlesen …

Kategorien Immobilie

Expectations for the Algarve Real Estate Market

According to analysts, the Algarve property market is set to outperform many international real estate markets.This strong performance is expected to be driven by high demand, limited supply, and sustained international interest. Price growth is anticipated to remain healthy, with investors likely to benefit from capital gains that could surpass those seen in the UK, … Weiterlesen …

Kategorien Finanzierung

Transporting Cash Amounts of €10,000 or More Must Be Declared to Tax Authorities

Individuals entering or leaving Portugal with cash amounts of €10,000 or more, traveling to or from territories outside the European Union, are legally required to declare these amounts to the Tax Authority (AT) and make them available for inspection. This measure, aligned with European Union directives, aims to combat illicit activities by preventing money laundering … Weiterlesen …

Kategorien Immobilie

Deadline for AL License Holders to Submit Proof of Activity

In a recent legislative move, the government has taken steps to scrutinize the status of AL licenses (Licenses for short-term touristic rentals). The focus is on distinguishing between actively used licenses and those lying dormant, with the latter slated for cancellation. This initiative aims to streamline the oversight of short-term touristic accommodations and ensure compliance … Weiterlesen …