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Euribor Posts Biggest Monthly Jump in Three Years — April Mortgage Payments Rise

Portuguese homeowners are facing higher mortgage payments in April after the 12-month Euribor rate recorded its largest monthly increase since 2023, reversing a year-long downward trend that had offered some relief to borrowers following the sharp...

The Portugal Brief 05 Apr 2026

Portugal Passes New Return Law — Detention Extended to 18 Months as Deportations Surge

Portugal's government has approved a sweeping overhaul of its immigration enforcement framework, extending the maximum period of immigration detention from 60 days to up to 18 months and removing the automatic right of asylum seekers to suspend...

The Portugal Brief 05 Apr 2026

Bank of Portugal Cuts 2026 Growth Forecast to 1.8% as Energy Shock Bites

Portugal's central bank has sharply revised down its economic outlook for 2026, cutting its GDP growth forecast from 2.3% to 1.8% while simultaneously raising its inflation projection — a combination that signals a more challenging environment for...

The Portugal Brief 05 Apr 2026

EU Parliament Calls Portugal's Short-Term Rental Rate 'Alarming' — New EU Rules Arrive in May

Members of the European Parliament's housing committee emerged from a visit to Lisbon last week with unusually blunt language: Portugal's concentration of short-term tourist accommodation is "alarming," and the country's housing crisis ranks among...

The Portugal Brief 04 Apr 2026

Portugal's House Prices Rose 17.6% in 2025 — The Biggest Annual Increase on Record

Portugal's property market delivered its most dramatic performance on record in 2025, with house prices rising 17.6% across the country — the steepest annual increase since the Instituto Nacional de Estatística (INE) began tracking residential...

The Portugal Brief 04 Apr 2026

Cracked dry earth symbolizing resource scarcity

One Month Into the Hormuz Crisis, Portugal Confronts an Oil Shock That Goes Far Beyond Fuel Prices

It has been one month since the US-Israel military operation against Iran effectively closed the Strait of Hormuz, the narrow waterway through which roughly a fifth of the world's oil supply typically flows. Brent crude has surged past $112 per barrel, its highest level in over four years,

Glenn Thrift 04 Apr 2026

Police car with emergency lights

Easter Weekend Final Toll: 13 Dead and Nearly 1,800 Accidents on Portuguese Roads

Portugal's Easter weekend claimed 13 lives and left dozens seriously injured, according to the final combined figures released Saturday by the PSP and GNR. The eight-day enforcement operation, which ran from March 27 through April 4, recorded a total of 1,706 accidents across both police forces'

Glenn Thrift 04 Apr 2026

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