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Tips, Retire
Marc Martin - Portugal
Do You Need a Fiscal Representative in ...

If you have financial interests in Portugal but live outside the European Union (EU) or European Economic Area (EEA), you may be required to appoint a fiscal representative. This guide will explain why a fiscal representative is essential, who needs one, and how it can help you navigate the complexities of Portuguese tax laws. From ensuring compliance with tax regulations to assisting with the application process for a NIF (tax identification number), a fiscal representative can be a crucial partner for non-residents doing business or owning property in Portugal. Read on to find out if you need one and how it can benefit you.

Do You Need a Fiscal Representative in Portugal? A Complete Guide for Non-EU Residents
Culture & Tradition, Visits
Marc Martin - Portugal
Top 9 of Lisbon's best districts to live in

Lisbon is a cosmopolitan and dynamic city, with many different neighbourhoods, each with its own atmosphere and lifestyle. If you're looking for a place to settle down, it's important to compare Lisbon's different neighbourhoods before deciding where to put down your boxes. I'm Lisbob, the expat assistant, and I've come up with my list of the best areas in Lisbon to move to, in no particular order.

Top 9 of Lisbon's best districts to live in
Culture & Tradition, Tips
Marc Martin - Portugal
9 hidden costs of living in Portugal

Moving to Portugal is an exciting adventure, but it comes with some hidden costs that can catch expats by surprise. From property maintenance to social security contributions, these expenses can add up quickly if you're not prepared. Today, we're uncovering the top 9 hidden costs of living in Portugal to help you plan better and avoid any unpleasant financial surprises. Ready to get the inside scoop? I’m Lisbob, your trusty expat assistant, here to guide you through it all.

9 hidden costs of living in Portugal
Culture & Tradition, Tips
Marc Martin - Portugal
9 secrets locals don’t tell you about Portugal

Moving to Portugal is an exciting journey, but there are a few secrets locals don’t usually share. These hidden gems and insights can make a huge difference in your expat experience. Today, we’re uncovering the top 9 secrets locals don’t tell you about Portugal. Ready to get the inside scoop? I’m Lisbob, your trusty expat assistant, and I’m here to guide you through it all.

9 secrets locals don’t tell you about Portugal
Culture & Tradition, Tips
Marc Martin - Portugal
9 mistakes expats make when moving to Portugal

Moving to Portugal is an exciting journey, but it’s easy to fall into some common traps. From underestimating the bureaucracy to mismanaging finances, there are plenty of pitfalls that can make your transition harder than it needs to be. Today, we’re diving into the top 9 mistakes expats make when moving to Portugal and how you can avoid them. By being aware of these, you can ensure a smoother, more enjoyable move. Ready to get started? I’m Lisbob, your trusty expat assistant, and I’m here to guide you through it all. 

9 mistakes expats make when moving to Portugal

Real estate portugal

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Map of real estate prices in Lisbon and Porto

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Map of real estate prices in Lisbon and Porto

Real estate prices in Portugal continue to rise and Lisbon continues to grow, as does Porto. In the third quarter of last year, the average value of homes sold in Portugal increased by 7% compared to the same period of the previous year, reaching an average of 1,054 euros per square meter. Since the crisis that hit Portugal hard, real estate prices continue to break records and some even speak of speculative bubbles about to explode. According to figures published by the INE (Instituto Nacional de Estatística), some districts have seen an increase of almost 40%, but some areas have seen their prices drop, especially in Lisbon! What is the price of real estate in Portugal? What are the cheapest areas to buy a house? Lisbob, the expatriate assistant in Portugal, gives you this map of property prices in Lisbon and Porto.

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Lisbon pays 3 years' rent in advance to landlords who join the "Renda Segura" program

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Lisbon pays 3 years' rent in advance to landlords who join the "Renda Segura" program

Lisbon property prices have been a recurring problem for those who wish to find accommodation there for several years. On the other hand, many owners are asking their tenant for concrete guarantees in order to cover themselves in the event of default. The Lisbon city council wishes to reconcile the two with its “Renda Segura” program: a rental housing program accessible for tenants, and a payment guarantee for owners. Some may even ask to receive 3 years' rent in advance. Lisbob, the expatriate assistant in Portugal, tells you all about this “Renda Segura” program in Lisbon.

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60% of Portuguese real estate agencies predict a fall in prices

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60% of Portuguese real estate agencies predict a fall in prices

Real estate prices continued to rise in Portugal late last year to record highs, but the coronavirus epidemic may well be a game-changer. At least that is what most real estate agencies think, according to a study by the Imovirtual site which interviewed hundreds of professionals in the sector. The expected drop is 25%, but some believe that prices will simply stabilize. Lisbob, the expatriate assistant in Portugal, tells you all about this investigation which does not bode well for Portuguese real estate.

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Interactive map of real estate prices in Portugal, district by district

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Interactive map of real estate prices in Portugal, district by district

Real estate prices in Portugal continued to rise in Portugal late last year. This is shown by data compiled by the Portuguese National Institute of Statistics (INE), which analyzed real estate transactions. Across the country, prices rose 8.5% in the last quarter of 2019, but the differences between cities are significant. The INE provides an interactive map that allows you to find out the price of real estate in each district and these in several cities in Portugal. The coronavirus is likely to stagnate or see prices fall, and this study corresponds to the pre-pandemic. What is the price of real estate in Portugal? What are the cheapest areas to buy a house? Lisbob, the expatriate assistant in Portugal, gives you this interactive map of property prices in major Portuguese cities.

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How to benefit from the moratorium on real estate loans in Portugal?

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How to benefit from the moratorium on real estate loans in Portugal?

In order to mitigate the economic effects of the crisis linked to the coronavirus pandemic, Portugal has put in place mechanisms which in particular allow individuals to benefit from a moratorium on mortgage loans. Individuals must, electronically or physically, send the lending institution a declaration of adherence to the application of the moratorium signed by the borrower and accompanied by documentation proving the regularity of the tax situation of the person making the request. The decree-law of March 27, published within the framework of the COVID-19 disease pandemic, establishes exceptional measures for the protection of households for the credit for clean and permanent housing, measures which will be in effect until 30 September 2020. Lisbob, the expatriate assistant in Portugal, tells you everything to benefit from the moratorium on mortgage loans.

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End of Golden Visas : Chinese and Brazilians are already cancelling their real estate purchases in Portugal

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End of Golden Visas : Chinese and Brazilians are already cancelling their real estate purchases in Portugal

The Portuguese real estate sector is sounding the alarm ! The limitation of the allocation of golden visas only to those who buy real estate in the interior regions has already led to the cancellation of many promises to buy and sell or even acts of purchase of houses in large Portuguese cities. The Portuguese Socialist Party’s proposal and the Parliament’s decision resulted in the cancellation of the contracts that were to be signed this week. The Portuguese real estate sector indicates that the end of the golden visas in Lisbon and Porto is very bad news because Chinese and Brazilians have already canceled their project. Lisbob, the expatriate assistant in Portugal, tells you all about this bad news for real estate in Lisbon and Porto.

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NHR status : Portuguese government decides to tax retirees at 10% IRS and abandons the minimum amount of 7,500 euros

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NHR status : Portuguese government decides to tax retirees at 10% IRS and abandons the minimum amount of 7,500 euros

Could this be the end of a long soap opera? In fact, the Portuguese Socialist Party has decided to go ahead with its ambition to reform the status of non-habitual resident, and this this year through the Portuguese state budget 2020. The bill indicates that future retirees benefiting from non-habitual resident status will no longer have the right to a total tax exemption and will have to pay a tax of 10% on foreign pensions. The idea of ​​applying a minimum amount of 7,500 euros was not retained. This proposal is likely to be adopted this year as the forces inciting a modification or even a cancellation of the NHR statute are strong. Lisbob, the expatriate assistant in Portugal, tells you all about the changes in NHR status.

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End of Golden Visas in Lisbon and Porto

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End of Golden Visas in Lisbon and Porto

Socialist Party decided to end the Golden Visas in Lisbon and Porto, limiting the benefit of this status to the interior regions and the autonomous regions. This is a blow to this fiscal instrument which has brought a lot of foreign investment to the big urban centers but has also helped to raise the price of real estate. Rather than completely remove this controversial status, the government of Antonio Costa has decided to limit the allocation of these golden visas to people investing in CMIs and autonomous regions in order to limit the pressure on property prices in Lisbon and Port. This decision to end the Golden Visas on the whole of Portuguese territory is not only happy, but is less worse than expected. Lisbob, the expatriate assistant in Portugal, tells you all about the Portuguese Socialist Party’s decision to end the Golden Visas in Lisbon and Porto.

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« It’s a crime against the country ! » : Changes to Golden Visas and NHR status scare off investors, explains APEMIP

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« It’s a crime against the country ! » : Changes to Golden Visas and NHR status scare off investors, explains APEMIP

Portuguese real estate sector is currently turned against the government and against the bad signals it sends to foreign investors. This is the consequence of the possible modification of the rules for awarding golden visas and NHR status. These tax incentives are under the radar of many European countries which see them as unfair competition. Today, Luis Lima, the president of APEMIP, the Association of Professionals and Real Estate Companies of Portugal, sounds the alarm and indicates that the planned changes are driving investors away. Lisbob, the expatriate assistant to Portugal, tells you all about Luis Lima’s statement.

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First drop in rental prices in Lisbon since 2016

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First drop in rental prices in Lisbon since 2016

Is something happening in the Portuguese capital real estate market ? In fact, the residential income index recorded in the third quarter of 2019 the first negative variation since the third quarter of 2016, according to data from Confidencial Imobiliário. The mad increase in rental prices in Lisbon is coming to an end, after years of increases which have caused housing difficulties for locals. Some see it as a financial bubble burst, others as a simple adjustment. This 1.4% drop is the first for several years. At the national level, the increase was 0.2%, and 2.5% for Porto. Lisbob, the expatriate assistant in Portugal, tells you all about the falling rents in the Portuguese capital.

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Energy poverty : 20 % of Portuguese people doesn't have money to heat correctly during winter

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Energy poverty : 20 % of Portuguese people doesn't have money to heat correctly during winter

Portugal is the fifth country in the European Union where there are the most people struggling to heat their homes properly. The data come from the Eurostat study for the year 2018, which concludes that around one fifth of the Portuguese (19.4%) did not have the financial capacity to meet heating costs during the most difficult months. cold. Lisbob, the expatriate assistant in Portugal, offers you the translation of this article published on sol.sapo.pt.

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"Portuguese real estate market will cool down due to lack of supply in 2020" : the president of the association of professionals and real estate companies in Portugal takes stock

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"Portuguese real estate market will cool down due to lack of supply in 2020" : the president of the association of professionals and real estate companies in Portugal takes stock

After the boom, the Portuguese real estate market will cool down in 2020: the president of professionals in the real estate sector says so. He thinks it is necessary to adapt the offer to the needs of the market. Luís Lima, president of the Association of Professionals and Real Estate Companies of Portugal (APEMIP), gives this interview translated from the site dinehirovivo.pt