Page 8 - The Portugal News - Online Edition
P. 8

8 The Portugal News •  4 Jul 2020                                  News


      Bank valuations of houses at new record




                                                                                                2
      The average value of bank valuation rose €3, to €1,114 per square metre (m ) in May compared to the previous month,
      surpassing the record it had reached in April, the National Institute of Statistics (INE).
              ccording to INE data,  first date in the institute’s  an increase of 0.3 percent  Given the “exceptional     9.4 percent over the same month
              the value of €1,111 per  statistical series.       compared to April and an     circumstances” resulting from  of 2019, with the highest value
              square metre recorded  According to the INE Housing  increase of 8.9 percent    the Covid-19 pandemic, the   being observed in the
      Ain April was the highest     Banking Survey, the €1,114 per  compared to the same month of  number of bank assessments  Metropolitan Area of Lisbon
                                                                                                                                    2
      since at least January 2011, the  square metre in May represents  the previous year.    considered amounted to around  (€1,485/m ).
                                                                                              19,000, 21 percent less than in  As for housing, the average
                                                                                              the same period of the previous  value of bank appraisal
                                                                                              year.                        rose 8.0 percent year-on-year,
                                                                                              At the regional level, the biggest  to €953/m , with the highest
                                                                                                                                    2
                                                                                              increase compared to the     values observed in the Algarve
                                                                                                                                    2
                                                                                              previous month was registered  (€1,612/m ) and in the
                                                                                              in Alentejo (3.1 percent), with the  Metropolitan Area of Lisbon
                                                                                                                                    2
                                                                                              only decrease being in the   (€1,485/m ), while the Alentejo
                                                                                              Autonomous Region of Madeira  registered the lowest value
                                                                                                                                  2
                                                                                              (-0.5 percent).              (€805/m ).
                                                                                              In comparison with the same  In an analysis by NUTS III
                                                                                              period of the previous year, the  regions, in May INE highlights
                                                                                 The
                                                                                 The
                                                                                 The          median value of the          the Metropolitan Area of Lisbon,
                                                                                 The
                                                                                 The
                                                                                 Metropolitan
                                                                                 Metropolitan  assessments grew 8.9 percent,  the Algarve and the coastal
                                                                                 Metropolitan
                                                                                 Metropolitan
                                                                                 Metropolitan
                                                                                 Area of
                                                                                 Area of
                                                                                 Area of
                                                                                 Area of      with the Metropolitan Area of  Alentejo for their valuation
                                                                                 Area of
                                                                                 Lisbon, the
                                                                                 Lisbon, the
                                                                                 Lisbon, the
                                                                                 Lisbon, the  Lisbon (11.2 percent) standing  values above the national
                                                                                 Lisbon, the
                                                                                 Algarve and
                                                                                 Algarve and
                                                                                 Algarve and
                                                                                 Algarve and  out with the highest year-on-  average (36 percent, 33 percent
                                                                                 Algarve and
                                                                                 the coastal
                                                                                 the coastal
                                                                                 the coastal
                                                                                 the coastal  year rate of change for the set of  and 2 percent, respectively),
                                                                                 the coastal
                                                                                 Alentejo all
                                                                                 Alentejo all
                                                                                 Alentejo all
                                                                                 Alentejo all  assessments and the Alentejo  while the regions of Beira Baixa
                                                                                 Alentejo all
                                                                                 have housing
                                                                                 have housing
                                                                                 have housing
                                                                                 have housing
                                                                                 have housing
                                                                                 values above
                                                                                 values above
                                                                                 values above
                                                                                 values above  (2.5 percent) with the lowest.  and Terras de Trás-os-Montes
                                                                                 values above
                                                                                 the national
                                                                                 the national  In May, the average appraisal  had the lowest values in
                                                                                 the national
                                                                                 the national
                                                                                 the national
                                                                                 average.
                                                                                 average.
                                                                                 average.
                                                                                 average.
                                                                                 average.     value of the apartments was  relation to the country’s median
                                                                                                            2
                                                                                 (Photo: Lusa)
                                                                                 (Photo: Lusa)  €1,212 Euros/m , increasing  (-40 percent both).
                                                                                 (Photo: Lusa)
                                                                                 (Photo: Lusa)
                                                                                 (Photo: Lusa)
      Support for British citizens in residence requests
      The International Organisation for Migration (IOM) will provide support to British citizens and family members in applications
      The International Organisation for Migration (IOM) will provide support to British citizens and family members in applications
      The International Organisation for Migration (IOM) will provide support to British citizens and family members in applications for residence in
      The International Organisation for Migration (IOM) will provide support to British citizens and family members in applications for residence infor residence in
      The International Organisation for Migration (IOM) will provide support to British citizens and family members in applications  for residence infor residence in
      Portugal, to guarantee their rights following the UK’s departure from the European Union.
      Portugal, to guarantee their rights following the UK’s departure from the European Union.
      Portugal, to guarantee their rights following the UK’s departure from the European Union.
      Portugal, to guarantee their rights following the UK’s departure from the European Union.
      Portugal, to guarantee their rights following the UK’s departure from the European Union.
        A joint statement from the IOM and the  chronic illness, people who face  organisations to support UK nationals  British Embassy”.
      British Embassy in Lisbon highlights that  language and literacy barriers or  living in the European Union.     “We are very pleased to support IOM in
      the project will be implemented until 31  barriers in accessing relevant   The project, which is coordinated by  this project to help vulnerable UK
      March, 2021 and the official launch will  technology,” reads the document.  IOM United Kingdom, is being      nationals in guaranteeing their rights so
      take place on 7 July, at 5pm, on the   Brexit, the UK’s exit from the European  implemented in Portugal, France,  that they can continue to live safely here
      Webex platform.                      Union, was formalised last 31 January  Spain, Slovakia, Poland, Italy and  in Portugal”, he stressed.
        According to the statement, the    and has a transition period in effect until  Germany.                      IOM is working closely with the
      information will be provided ‘online’ and  31 December.                    Cited in the statement, the head of the  British Embassy and in partnership
      through other means of communication   The IOM project is funded by the UK  IOM Portugal office, Marta Bronzin,  with the High Commissioner for
      and will be available to all.        Government under the UK Nationals    expressed satisfaction at “being able to  Migration and will promote awareness
        “IOM will provide specific support to  Support Fund (UKNSF).            support UK nationals to ensure their  campaigns aimed at UK citizens living in
      individuals who face certain challenges,  This fund has made available around  rights and to safely continue their life  Portugal, share accessible information
      namely people with disabilities or   £3m (€ 3.3m) for charities and other  projects in the country, reaching those  on residency procedures and provide
                                                                                who need it most”.                  direct support to people who have
                                                                                 The British ambassador, Chris      greater difficulties in accessing
                                                                                Sainty, highlights that “supporting UK  information and residency processes,
                                                                                nationals is one of the priorities of the  the note adds.
                                                                                Extension for Portuguese citizens to
                                                                                take up UK residence
                                                                                European citizens, including Portuguese, now have one more year to
                                                                                European citizens, including Portuguese, now have one more year to
                                                                                European citizens, including Portuguese, now have one more year to
                                                                                European citizens, including Portuguese, now have one more year to
                                                                                European citizens, including Portuguese, now have one more year to
                                                                                apply for UK resident status.
                                                                                apply for UK resident status.
                                                                                apply for UK resident status.
                                                                                apply for UK resident status.
                                                                                apply for UK resident status.
                                                                                 “There is one year left to  citizens in the EU’s 27  can register as residents,
                                                                                apply before the deadline  member states, at the end  obtaining permanent title
                                                                                of 30 June 2021 and my  of 2020, when the       (‘settled status’) if they
                                                                                message to European     transition period ends.  have been in the country
                                                                                citizens and their families  On January 1, a new  for at least five years and
                                                                                is clear: apply now,” urged  immigration system in the  the provisional title
                                                                                the Secretary of State for  UK is scheduled to come  (‘pre-settled status’) if
                                                                                Immigration and Future  into force, which will  they arrived less than five
                                                                                Borders, Kevin Foster.  impose criteria such as  years ago.
                                                                                 The UK’s departure     professional or academic  Portugal, with 280,800
                                                                                from the European Union  qualifications and a   applications, is the
                                                                                on 31 January implies an  minimum wage of       country with the fourth
                                                                                end to freedom of       £25,600 (€30,800).      largest number, behind
                                                                                movement for Europeans    Europeans who settle in  Poland, Romania and
                                                                                in the country, and British  the UK by 31 December  Italy.
   3   4   5   6   7   8   9   10   11   12   13