Housing market
27 June 2025
How different is 28.7% from 6.3%?
How an option that no one has bothered to explain can contribute to the spread of false statements.
How can a lack of critical thinking affect public opinion, as well as the perception of experts, journalists, and political decision-makers.
And how can all this weaken the response to one of this country's biggest problems: the housing crisis.
(translation in progress)

By Celt Studio.

Website of the Autoridade Tributária e Aduaneira (AT), the Portuguese Tax and Customs Authority.
By Vitor Miranda.

Passports from different countries.
By Sergey.

Table 1 - Information presented in the Housing Price Index report for the 4th quarter of 2021, published on March 23, 2022 (INE).

Image of a plane landing at Lisbon Airport, reflected in the mirror of one of the terminals.
By Skórzewiak.

Graph 1 – Comparison of annual figures between the number of properties acquired by citizens with their tax domicile in a foreign country and the number of new beneficiaries of the Non-Habitual Resident regime.
Sources: INE and Court of Auditors (both using data provided by AT).

It has not yet been possible to identify the author.

By Wonderlane.

Graph 2 - The difference in results for quantifying foreign demand, depending on the criterion chosen: tax domicile (residence) or place of birth.
Source: INE.

Aerial view of Lisbon's downtown.
By: Gustavo Frazão.

Image of the Nova School of Business and Economics in Carcavelos, with a student residence in the background.
By Hugo Amaral.