The JESSICA fund already has contributed to the renewal of the historic center of Vila Real de Santo António, but there is now more money available for urban regeneration projects in the Algarve.
The highest property taxes in the developed world are to be found in the UK.
Residents of the UK pay twice as much as the international average, according to the influential think tank Policy Exchange.
The interest rate in the eurozone has been slashed to 0.25%, taking the markets by surprise.
The rate, set by the European Central Bank, is a new low and applies to its central, or main refinancing, rate.
Driverless cars are to be introduced on the streets of Milton Keynes by 2015.
Twenty trial pods will run on lanes which have been separated from pedestrian traffic.
Portugal’s parliament has passed a resolution that ‘recommends’ that the Government proceeds with the refurbishment and electrification of the Algarve railway line.
The resolution was published today in the Official Gazette, but the detail contains not a word on the electrification of the line or the long overdue renovation of tracks and stations.
Unemployment levels fell in all regions of the country, with the exception of the Azores, in the third quarter compared to the previous quarter, with the Algarve, Madeira and Lisbon registering significant falls.
According to figures released this morning by the National Statistics Institute the overall unemployment rate in Portugal was 15.6% in the third quarter, 0.8% below the previous quarter and down 0.2 points in same period in 2012.
A disturbing report by Algarve based eco-association ASMAA states that the Algarve is at an increased risk of earthquakes due to drilling activity in the search for offshore gas.
"The Algarve’s offshore areas are 'geologically fragile' and substantial gas extraction is now known to initiate earthquakes," according to eco-conservationist Laurinda Seabra.
"In an unstable area such as the sea around the SW coasts of Portugal, where much tension may have been built up since the earthquake of 1755, such earthquakes may trigger a much larger catastrophic earthquake. I suggest that more attention is given to these very important facts," according to expert Eng. Anthonie van den Brink.
The headline many thought never to see – Portugal’s banks are at last loosening their purse strings and lending to home buyers, but only on their terms and only at a steady pace.
The granting of mortgages in fact has been increasing throughout 2013 from €132 million in February to €185 million in July but these amounts are nowhere near the heady years of easy credit when between 2002 and 2007 banks were throwing money, between €1.2 and €1.8 billion a year, into a housing market that was rising rapidly and which ended rather abruptly with the financial crash.
