The National Institute of Statistics of Portugal INE has published the official and definitive figures of the Portuguese real estate market for 2018. More and more real estate are sold and for higher and higher values. Lisbon continues to shine in the real estate market, but last year, the palm of the region with the fastest growth was the Alentejo. According to data from the National Institute of Statistics (INE), prices have risen for the last 5 consecutive years, but they are starting to show signs of slowing down. Lisbob, the expatriate assistant in Portugal, gathered the ten official and definitive figures of the Portuguese real estate market in 2018.
Portugal has introduced a new law on the right to housing and has introduced a new type of lease: the life contract. Indeed this new law of the right to sustainable housing makes it possible to conclude contracts of housing for life between owners and tenants. In practice, the real right to sustainable housing functions as a tenancy agreement that lasts until the tenant dies. But this implies compliance with other obligations that the "conventional" lease does not provide. This new type of lease for life allows for some stability but also entails new obligations on the part of the tenant and the owner. What are the terms of the lease for life? How does the lease with life lease in Portugal work? Lisbob, the expatriate assistant in Portugal, tells you all about the lease for life.