The site of a Portimão retail park, destroyed by fire in 2012, has been sold to a US investor by its owner, British Land.
The 8 hectare site was cleared of wreckage after the devastating fire and has lain empty ever since while insurers assessed claims and the owner decided what to do with the valuable site.
The average deposit for a property in the UK has climbed to more than £80,000 by the end of 2015.
House prices in Britain went up by 9% over the year, to an average of £231,487.
Portugal remains one of the world's countries with the most valuable gold reserves, lying in 13th place with 382.5 tonnes of the precious metal, according to data from the World Gold Council (WGC).
Portugal is in 15th position if including the International Monetary Fund and the European Central Bank, but is ahead of the United Kingdom, Saudi Arabia and Spain.
After Monday’s earthquake woke many people in the Spanish enclave of Melilla, a number of them have been sleeping outdoors since then.
The fear of aftershocks has prompted many to stay outside overnight on Monday and Tuesday nights, pitching up tents or sleeping in their cars.
Paramjeet Singh, who went with his family for a holiday to Portugal, was arrested and detained by Portugal's Foreigners and Borders Service officers on 18 December, 2015 due to an Interpol Red Notice having been issued.
Singh is threatened with extradition to India, but the authorities there face two major hurdles – overcoming significant political doubts and legally proving the case for extradition.
Although corruption is still rife globally, more countries improved their scores in the 2015 edition of Transparency International’s Corruption Perceptions Index than declined.
Portugal ranks 28th with an unchanged score of 63%.
Portugal’s taxpayers are working hard to pay off the debts incurred by a series of fiscally incompetent and profligate governments.
Tax revenue last year beat all records at €38.984 billion, €1.9 billion more than 2014’s take, up a selfless 5%.
Government is looking at the functioning of the Algarve Central Hospital management area and will report its findings at the end of the first quarter.
Recommendations will be provided in a report that aims to find out what went wrong and what needs to be done to fix the damage.
