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Faro Leads Portuguese Holiday Rental Scams With 153 Cases — GNR Warns Tourists and Expats Ahead of Summer

Faro Leads Portuguese Holiday Rental Scams With 153 Cases — GNR Warns Tourists and Expats Ahead of Summer

The GNR logged 725 holiday rental scams in Portugal last year — 153 in Faro alone, more than one in five of the national total. With summer approaching, officers warn tourists and expats to avoid listings priced well below market, insist on in-person viewings, and reverse-image search every photo.

Euribor Falls on All Three Maturities — 6-Month Benchmark Drops to 2.453 While Eurozone Inflation Jumps to 2.6%

Euribor Falls on All Three Maturities — 6-Month Benchmark Drops to 2.453 While Eurozone Inflation Jumps to 2.6%

All three main Euribor rates fell on 16 April, with the 6-month benchmark — used in 39 per cent of Portuguese variable-rate mortgages — slipping to 2.453 per cent. But Eurostat revised March eurozone inflation upward to 2.6 per cent, complicating the ECB's path.