During the Web Summit the Portuguese government announces good figures at the level of employment. In fact, the unemployment rate declined in the third quarter of this year to 6.1%. During the last quarter more than 31,000 jobs were created. This rate represents a decrease of 0.2% compared to the second quarter of the year. Nevertheless, these figures have to be put into perspective, in particular because of the fall in the active population and the increase in the number of young people without a job or diploma. The INE, the Portuguese National Institute of Statistics, indicates that this is the lowest unemployment rate since 2011. What is the detail of Portuguese unemployment figures? How to explain this dynamism? Is it the tree that hides the forest? Lisbob, the expatriate assistant in Portugal, tells you all about the latest figures of Portuguese unemployment.
Huge drop in the number of Alojamento Local registrations in Portugal, -73% in Lisbon
It would seem that the Portuguese strategy to reduce the number of new Alojamento local and curb real estate speculation is starting to bear these fruits. Between January and October 2019, 13,201 new dwellings were registered for a tourist rental activity, 43% less than during the same period in 2018. Lisbon is the region most affected by this drop in new requests, because of the setting up of areas where it is no longer possible to obtain new licenses for tourist rental and Porto is not spared by this fall. Is this good news for people living in big portuguese cities ? What are the figures for this significant drop in Alojameto Local? Lisbob, the assistant of expats in Portugal, tells you all about this drop in registrations.
Ranking of foreign investors in the Portuguese real estate market
Foreign investments in the Portuguese real estate market are still on the rise, and once again the French dominate the ranking. Indeed, French investment is the largest in the Portuguese real estate market, with a 21% market share in the first half of 2019, according to the Association of Real Estate Professionals and Enterprises of Portugal (APEMIP). After studying all the activities carried out in the Portuguese real estate sector between January and June, APEMIP claims that foreign investments accounted for 16% of total real estate transactions in Portugal. Which countries are investing the most in Portuguese real estate? Lisbob, the expatriate assistant in Portugal, reveals the ranking of the largest foreign investors in the Portuguese real estate market.