July 2017

Agreement on the basis of the Chamartín operation, now called Madrid Nuevo Norte

The City Council of Madrid, the Ministry of Development-ADIF and the company District Castellana Norte (DCN) have confirmed the bases of the operation Chamartín, now in its umpteenth denomination, as 'Madrid Nuevo Norte', whose objective is to promote the development of The northern part of the capital, paralyzed for 25 years. The basis for urban planning in the northern development of Madrid is based...

Bubble in real estate? More expensive houses bought without bank credit

The real estate continues in great excitement. House prices are rising across the country. Banco de Portugal launches notices, but promoter says the most expensive purchases are made without credit from the bank. The real estate market continues to show signs of vigor. Although a large part of the increase in demand is concentrated in Greater Lisbon (mainly Lisbon and Cascais counties) and in Porto, data...

Lisbon, Cascais and Sintra are the municipalities that most fit IMI

he number of municipalities in tax revenues increased last year to 2.9 billion euros. The Lisbon City Council is among the municipalities that made the most revenue last year with tax collection. Only the municipal real estate tax (IMI) accounted for 114 million euros, according to news on Tuesday the Correio da Manhã. In comparison with 2006, the tax revenues of municipalities rose 19.8%. This means...

Property Investments In Portugal

Portugal is one of the best countries in the world to buy, and own real estate. The largest investments in real estate are directed to the tourism industry or long-term renting, whether for housing, either in too much sought commercial sector. The real estate market in Portugal is highly developed, with a high quality of supply in all sectors and a considerable presence of foreign occupiers. The...

Mediators: Portugal away from the bubble in the real estate market

The leaders of the real estate companies REMAX and Porta da Frente have assured today that there is no prospect of a real estate bubble in Portugal, given the consolidated market and the current recourse to housing loans. "We are far from the bubble," said Rafael Ascenso, director general of the Porta da Frente, noting that this artificial overgrowth is linked to mortgage lending and that in 2016 "95%...

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