The archipelago of the Azores is preparing for the worst. Hurricane Lorenzo, currently category 5 is the highest on the Saffir-Simpson scale, will hit hard the Azores archipelago and especially the group of Western islands. Indeed, the latest forecasts indicate that the center of the hurricane should pass very close to the western group, affecting the entire archipelago next Wednesday. Winds will reach 180 km / h with waves up to 12 meters. What is the weather forecast for the Azores archipelago? What is the trajectory of Hurricane Lorenzo? Lisbob, the expatriate assistant in Portugal, tells you everything about Hurricane Lorenzo and its impact on the Azores archipelago.
For the first time in six years in Portugal, home sales recorded a negative trend in the second quarter of 2019 compared to the previous year. In contrast, the price index rose by 10.1% over the same period. This decline was anticipated by specialists in the Portuguese real estate sector, its magnitude is now known: 6.6% decline. These figures are available in the latest study published by the National Institute of Statistics of Portugal. Is this decline in the number of transactions accompanied by a rise in prices a reversal of trend, or a simple pause in the Portuguese real estate market? What are the official figures of Portuguese real estate? Lisbob, the expatriate's assistant in Portugal tells you all about this decline in home sales in Portugal.
How far will the rise in property prices in Lisbon go? This is a question that we are entitled to ask following the sale of the most expensive real estate in the history of Portugal. It is a rooftop apartment with private pool, gym and spa overlooking the Tagus River. Although the penthouse was acquired for an amount deemed exorbitant, the owner of the penthouse asked to remain anonymous. The owner of Lisbon's most expensive apartment will also enjoy views of Eduardo VII Park or São Jorge Castle from its 260-square meter terrace. Is it too expensive for an apartment in Lisbon? Does it deserve its price of 7.2 million euros? Lisbob, the expatriate's assistant in Portugal, tells you all about this new real estate madness in the Portuguese capital.
After the euphoria of recent years, the rise in property prices in Portugal is declining and stabilizing. Investment in the residential market is starting to "lose momentum" at a time when demand is weakening and showing signs of slowing down. Lack of supply continues to weigh on prices, but less than before, also because of the upward trend in supply for new construction. With this change of cycle in sight, is it time to think about selling your property in Portugal ?