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Rows of pale high-rise residential apartment blocks on the green outskirts of Lisbon under a clear blue sky, seen across a strip of scrubland

Portugal's Average Home Now Costs a Record €262,839 Even as Sales Slow and Foreign Buyers Retreat

The average Portuguese home sold for a record €262,839 in Q1 2026, INE data show, as the house-price index rose 17.8%. Yet sales fell 8.7% and non-resident purchases dropped 15.6% — prices driven by scarcity, not a buying frenzy. Greater Lisbon averaged €422,214.

The Portugal Brief 09 Jul 2026

A bright yellow INEM national medical emergency ambulance marked Ambulancia parked on a paved forecourt beside tall cypress trees under a clear Portuguese sky

Two Summer Heatwaves Are Tied to About 123 Excess Deaths, Almost All Among Portugal's Over-85s

Portugal's two early-summer heatwaves are now tied to roughly 123 excess deaths, below the projections health authorities had feared. More than 70% were among people aged 85 or older, with no measurable excess mortality below 70, the Directorate-General of Health said.

The Portugal Brief 09 Jul 2026

A laptop screen showing a green-and-red candlestick stock chart trending upward, set against dark, out-of-focus city lights

Markets, Business & Tech Briefing: PSI Rebounds 0.4%, Sonae Leads, Galp Slips

Thursday, 9 July 2026. Lisbon steadied after Wednesday's steep drop, with the PSI edging up about 0.4% as retailer Sonae and grocer Jerónimo Martins led a partial rebound and the banks firmed, while the energy and utility names slipped. The euro pushed higher for a second day

The Portugal Brief 09 Jul 2026

A KFC quick-service restaurant unit inside a Portuguese shopping concourse, its illuminated sign and glass front beside a Portuguese pastry counter

Ibersol Retires Nearly 900,000 Shares and Trims Its Capital to €40 Million

Ibersol has cut its share capital to €40 million from €40.9 million, cancelling 899,126 treasury shares on 8 July to 'liberate excess capital'. The operator of KFC, Pizza Hut and Burger King franchises in Portugal is midway through a buyback running to late 2026.

The Portugal Brief 09 Jul 2026

Gantry cranes and a moored cargo ship at the container terminal of the Port of Leixoes near Porto, with stacked shipping containers on the quay

Industrial Turnover Cooled to 7% Growth in May as Export Momentum Faded

Industrial turnover rose 7% year-on-year in May, INE data show — down from April's 9.4%, with turnover falling 0.8% on the month. Energy did most of the work; consumer goods were near flat, industrial employment slipped 0.7% and export growth decelerated sharply.

The Portugal Brief 09 Jul 2026

The ornate Banco de Portugal building floodlit at night, its neoclassical stone facade, pediment and rooftop statues glowing against a dark sky

An Outside Firm Will Comb Through Eleven Years of Bank of Portugal IT Contracts After Police Searches

The Bank of Portugal has hired Eternamix Consulting to audit more than 1,000 IT contracts signed over the past 11 years, for €108,000 plus VAT and a three-month deadline. The review follows last year's Judicial Police searches into the central bank's technology contracting.

The Portugal Brief 09 Jul 2026

The Galp oil refinery at Sines on Portugal's southwest coast, its tall chimney and flare stacks rising above pine trees against the Atlantic

Government Draws Two Red Lines Around the Galp–Moeve Refinery Merger: Keep Sines, Supply Portugal First

Lisbon has set two conditions on the proposed Galp–Moeve merger: keep a working refinery at Sines and give Portugal supply priority in an energy crisis. Moeve, the former Cepsa, is owned by Abu Dhabi's Mubadala and US fund Carlyle. Sines meets about 90% of Portugal's fuel demand, raising sovereignty

The Portugal Brief 09 Jul 2026

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