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Loulé is a town rich in culture, and is also home to As Cores do Sol, a charming decoration store that opened last July.

Auction House Algarve is hosting auctions this weekend! With almost 14 years of experience in the Algarve, they recently moved to a new facility in São Brás where they conduct live auctions, which are possible to view and participate in via their online bidding platform.

The Decree-Law no. 10/2024 was published on the 8th of January of 2024, introducing a reform and simplification of licensing in the fields of urbanism, territorial planning and industry (the "Urbanistic SIMPLEX").

This decree came into force, regarding its most significant changes, on the 4th of March of 2024. Other changes were already in force, or are scheduled to come into force in 2025, 2026 and 2030 (in particular, changes that relate to more in-depth legislative developments or IT applications that accommodate growing dematerialisation).

Whether you're looking to buy, sell, or simply understand the strength of your investment, having an accurate property valuation is fundamental. 

Considering building your own villa can be daunting ... Vendici Properties are able to assist.  We have all the contacts you need (lawyers, architects, project managers, builder etc..) to get you started.  Most importantly we have the perfect sites at very competitive costs.  Contact us to find or more or link this link. 

A property CAPITAL GAIN is the profit obtained from the sale of a property that was previously purchased at a lower price. This category of income is included in the assessment of the personal income tax (IRS) of non-resident individuals.

Once you sell a property in Portugal, a Capital Gain/Loss Tax Return must be submitted. Even if you sell the property with a loss, a Tax Return must be submitted here until June of the following year.

Read the following blog post which was written by Atlantic Property Tax Consultants who are based in Vilamoura and I know would be delighted to discuss further you projected calculations.

Non-habitual residency (NHR) is a 10-year preferential tax status granted to new residents of Portugal and it has been a major draw to the country for many years. 

The announcement at the beginning of October regarding the proposal for the end of NHR in 2024 was unexpected and has caused quite a stir amongst those who had longer-term plans to move to Portugal, as well as for those who may be concerned about the attraction of Portugal going forward.

The new rules have not yet been finalised and much can change before the 29^th November, but what do we know right now?

Last year we did a Spotlight on Tina’s Beach Massage pergola below Izzy’s Restaurant, but did you know she also has a lovely massage studio in Almancil with her mum and coworkers?

This week’s Spotlight is on Brookes Wine Bar & Shop, a lively wine bar which opened within the last year in Quinta Shopping.

Algarve Candle Co is this week’s Spotlight, owned by mother and daughter duo, Lauren & Pamela. 

Spot na Serra, near Querença, is this week’s Spotlight; Adrienne in our office picked this lovely cafe as one of her favourite spots. Opened on 15/09/2023, Apphia and Daniel moved from London to Portugal in December ‘22. They lived in London for many years & both worked in hospitality (Daniel in a wine shop, Apphia in a café), but this is their first time owning their own. Over the years they shared a passion for cafes, scouting them out & planning trips around ones they wanted to visit, so they decided to open one – a place for great coffee amongst beautiful nature.
 

ARA is hosting a fundraising dinner to aid the most vulnerable animals in our community. The impactful work carried out by ARA is truly heartwarming and essential for the well-being of numerous dogs and cats in the Algarve who have been subjected to abuse or abandonment.

I recently had the pleasure of visiting Dunes Beach Bar at Garrao Beach, I was really impressed with the range of offerings that cater to diverse tastes and preferences.

Today, Taste of Asia in Almancil is celebrating their 3 year anniversary! Plus their relocation to a larger shop next to the original, just off of Avenida 5 de Outubro.
They’re welcoming guests to drop in & celebrate with them today, with bubble tea & tasting of food made by Geraldine available from 10am - 5pm, and a raffle with the chance to win Taste of Asia products.
If you’re curious to know more about Taste of Asia, it’s owned by DJ who is originally from the Philippines, and her ambitions for the store are to turn it into the ultimate Asian Convenience Store. At the moment they offer groceries, frozen foods (including gyozas and samosas homemade by Geraldine), delivery & collection, and you can order ready-made meals. The team is growing. DJ’s business partner, Helder, takes care of logistics & marketing, & also takes care of deliveries within the locality. Ana is the Corporate Associate.

For this week’s Spotlight, we’re highlighting 4 shops where you can find seasonal decor for your home in the Algarve, both Autumn and Winter selections.