The Economy of Portugal
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The Economy of Portugal
Between 2008 and 2016, the Portugese economy suffered many tough choices. The 2008 global financial crisis caused significant economic downturn in Portugal, and the government’s finance ministers had to maintain a delicate balance between stimulating the economy, and maintaining a reasonable average of public debt, on part with the rest of the EU. However, thanks to a proactive approach by both the government and the Portugese people, earning it a Global Competitiveness Report ranking of 34th in the world, out of 140 countries, earning its reputation as a well-managed and healthy economy.
This economic growth and expansion is both an effect and a cause of Portugal’s numerous trade contacts, and its world-famous companies, some of which include: Grupo Portucel Soporcel-one of the leaders in the international paper market, Corticeira Amorim, the world leader in cork production , Sonae Indústria, the largest producer of wood-based panels in the world, and Conservas Ramirez, the oldest operational canned fish producer on the planet. In addition to major export businesses, Portugal’s other important industries include:
Cement production, plastic products, textiles, steel, construction, leather, footwear, wine, and tourism, which is rapidly becoming one of the most important industries in Portugal, particularly in the Algarve region. The income generated by Portugal brings useful foreign currency, as well as cultural familiarity, which are both essential to Portugal’s transitioning economy, as it moves further from agriculture exports and begins to resemble other Western countries, with its economy moving to center around banking, finance, the service sector, retail trade, and wholesale goods.
The growing tourism industry, as well as the nation’s economic shifts, have led to the government to undertake large-scale investments and public efforts focused on increasing the standard of living, and according to Numbeo, the largest database of countries, Portugal ranks within the top 25 for quality of life, surpassing even Spain, Italy, and Hong Kong.
There is no doubt that Portugal’s economy is growing, as is its standard of living, and all data indicates these trends will continue for quite some time, which makes Portugal a particularly attractive destination for both property investment and retirement.
The neighborhood of Graça is located next to the iconic Castelo de São Jorge, known for its superb view it offers to its inhabitants. With a curious mixture of cosmopolitanism and rurality, Graça known and sought by its viewpoints, where you can enjoy one of the most beatiful views of the city. Apartment in a […]
The Graça neighborhood is a central area in Lisbon close to Castelo de São Jorge. This neighborhood is known for its wonderful viewpoints and cool street art. A very typical area of Lisbon where it is possible to live the best experience the city has to offer. This apartment is a duplex completely refurbished that […]
A beautiful 1 bedroom apartment, with construction from the year 2012. Very well located in a typical Portuguese neighborhood. Near the most Historical and visited neighborhood in Lisbon.
Stunning beachfront development situated in a prime location, São Martinho do Porto, one of the most beautiful bays in the world it’s in Portugal. Its perfect shell-shaped beach provides tremendous charm and beauty to this bay. 5 Design buildings in a 5 stars Location. Luxury apartments literally ‘a couple steps’ from the beach and all […]
This is a townhouse in Parede, Cascais. This needs to be fully refurbished and we can get estimate quotes through our After Sales department, which consolidates all the tools tailored for our overseas investors needs to make a fully secure and transparent investment in Portugal. 1st Floor: Independent entrance with 3 bedrooms, 1 kitchen, and […]
350k Golden Visa pack – 2 apartments 2 apartments located in Setúbal, one 2 bedroom apartment and a 3 bedroom apartment with a renovation project already approved. With a guaranteed yield of 4% for 4 years, being the 1st year paid in advance by the developer at the deed. Setubal is a city that has […]
Renovated Principe real apartment 548,000 with rental agreement Fully renovated with rental guarantee option and fully managed The building “Principe Real Residence”, is in the famous Príncipe Real neighbourhood in the heart of Lisbon. It is located between “Chiado” and “Avenida da Liberdade”. This area is an important A wonderful opportunity to buy in one […]
This property is located in the heart of Estrela, not far from the Museum of Ancient Arts and the Tapada das Necessidades. In this calm residential area, you are a few minutes walking distance from Santos, with charming restaurants, coffee shops, design and other shops.This particular apartment in duplex features 3 bedrooms, 3 bathrooms and […]
Just nearby the Castle and the Pantheon, the district of Graça is known for its astonishing views and vibrant life. Two of the most popular viewpoints in Lisbon are in this neighborhood. This neighborhood houses native residents and investors looking for a historical and characteristic feeling.This particular apartment was recently refurbished and features 2 bedrooms, […]
Luxury residence with pools and balconies just outside the Lisbon historic centre – €615,000-€3,850,000
Luxury residence with pools and balconies just outside the Lisbon historic centre €615,000-€3,850,000 In one of the most cosmopolitan locations in Lisbon, known for its urban and business lifestyle, the French School, Amoreiras shopping mall and its proximity to Avenida da Liberdade with luxury brands offer. Living on the top of Lisbon’s skyline, these exclusive […]
Principe real Lisbon renovated 1 bed with Balcony Fully renovated with rental guarantee option and fully managed The building “Principe Real Residence”, is in the famous Príncipe Real neighbourhood in the heart of Lisbon. It is located between “Chiado” and “Avenida da Liberdade”. This area is an important A wonderful opportunity to buy in one […]
3 Bed luxury Lisbon apartments already completed only 525,000 Available and complete now from just 370,000 – 790,000 Placed in one of Lisbon’s coolest neighbourhoods, on 4 floors and is comprised by 14 apartments from T1 to T4 Duplex, with areas ranging between 35 and 150 sqm. With a refurbished look, Intendente is one of […]
4 Bed Duplex luxury Lisbon apartments already completed Available and complete now from just 370,000 – 790,000 Placed in one of Lisbon’s coolest neighbourhoods, on 4 floors and is comprised by 14 apartments from T1 to T4 Duplex, with areas ranging between 35 and 150 sqm. With a refurbished look, Intendente is one of Lisbon’s […]
New development in Chiado Lisbon – 2 Bedroom only 630,000 Euro Studio -1-2 beds from only 285,000 In between the fashionable Chiado neighbourhood and the cool river breeze, find your new apartment on a perfect combination of a pombalin traditional architecture with contemporary comfort. From a studio up to 2 bedroom apartments, This comprises of […]
Reduced Golden visa project with views and secure parking in historic Lisbon Just nearby the Castle, the district of Graça is known for its astonishing views and vibrant life. Two of the most popular viewpoints in Lisbon are in this neighborhood. This neighbourhood houses native residents and investors looking for a historical and characteristic feeling.This […]
350,000 Golden visa opportunity in central Lisbon. Rental Guarantee can be provided for overseas clients Bairro Alto is minutes from the Avenida da Liberdade the most expensive street in Lisbon. 1 and 2 bedroom apartment and 2 shops all costing 350,000 including all works and licensing. This building sits in vibrant Bairro Alto. Close to some […]
Lisbon 350,000 Golden visa project with views and secure parking. Just nearby the Castle, the district of Graça is known for its astonishing views and vibrant life. Two of the most popular viewpoints in Lisbon are in this neighborhood. This neighbourhood houses native residents and investors looking for a historical and characteristic feeling.This particular development […]
Santos 350 GV
Santos-o-Velho area is an old neighborhood in Lisbon and is considered to be the design district of the capital. Among several design shops and art galleries, this residential district also offers nice and cozy restaurants. It’s a vibrant and creative area in town just a few minutes walking distance to the famous area of Cais […]
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