News and Important Articles
Important updates, news articles and general information posts about real estate market in Algarve by Doug Styles.
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A message from the founder of Property Styles
In spite of the apparent downturn in the seriousness of the Covid-19 pandemic and the relaxation of some restrictions which has allowed more freedom of movement, we are all living in challenging times. The Covid 19 pandemic has disrupted all our lives, the fallout of the lockdown that most countries have quite correctly imposed has resulted in an unprecedented restriction on our liberty and freedom to move around, …
They think it’s all over, well it is now!!
After 3 interminable years of Brexit and by virtue of a resounding victory in the recent UK General Election the UK Prime Minister Boris Johnson eventually managed to get the Withdrawal Act through the Houses of Commons, and to have it ratified by the House of Lords. At least we can all move on and hopefully by the end of 2020, the transition period …
NHR – PORTUGAL TO START TAXING FOREIGN PENSIONS
There are just weeks left for expatriates to lock in the full benefits of Portugal’s generous ‘non-habitual residence’ scheme. After years of international pressure, the Portuguese government is diluting the tax benefits of the highly favourable non-habitual residency (NHR) scheme. The 2020 budget, due to be confirmed by the end of March, includes a ruling to charge a 10% tax on foreign pension income …
A record year for visitors and the property market is ...
The summer in this region of the Algarve was, albeit not the warmest, definitely one of the most exciting, as both the Festival Med and Noite Branco in Loulé, both converged in 2019 and ensured that residents and visitors from many different nations mingled together at these vibrant occasions, rumour has it that upwards of 250,000 people attended Noite Branca, truly astonishing. This medieval …
The property market is developing again
In these uncertain and unpredictable times it is always reassuring to have some financial security in life. More and more people are taking a view that buying property is once again the right course of action, almost zero bank interest rates have had a positive effect on the property market in our region. What is the point in leaving a pension pot or cash …
No need to panic!!
The question of residency rights has been a topic of discussion for months, however, a definitive decision has now been taken. The Portuguese Government has been particularly reassuring to existing residents and confirmed that UK ex-patriots will still maintain their previous benefits, even in the event of a no-deal Brexit, however, applying for residence is recommended. Interior Minister Eduardo Cabrita recently announced that UK …
A Spring in the step of the property market
What a beautiful time of the year Spring in the Algarve is. Almond trees are in full bloom once again, soon the unsettled weather will be behind us and once again we will be experiencing another fantastic Algarve summer, how privileged are we to live and work in this amazing region. By the time you read this article the UK will be close to …
Another Year in the Golden Triangle Property World
So another year in the Golden Triangle property world has drawn to an end. Dependent upon the many varied opinions, and reflections, 2017 was another active year for sales. There are now an equal number of Estate Agents in the immediate area as there were in the boom years of 2002 to 2008, and more seem to be appearing on a weekly basis. This …