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Latest News

Car market booming in Portugal

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13th May 2024

“From January to April 2024, 52.2% of new registered passenger vehicles were powered by other types of energy, namely electric and hybrid,” according to ACAP. The car market in Portugal grew 13.4% between January and April, with 89,415 new vehicles in circulation, according to ACAP – Associação Automóvel de Portugal. According to ECO, “From January to April 2024, 89,415 new vehicles were put into circulation, which represents an increase of 13.4% compared to the same…

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House prices in Spain up by 34% in the last 10 years

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8th May 2024

That figure is over 10 points higher than the average wage increase for the same period. With the price of housing in Spain having risen by 34% in the last decade, which is 10 points more than the average salary has risen, there are concerns that many are being priced out of the market. This is according to data from a report by the real estate portal pisos.com. The report confirms that a large part…

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Europe sets date for ban on diesel and petrol cars

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30th April 2024

No more new vehicles with combustion engines will be marketed from 2035 onwards, although Spain did ask for the date to be postponed. Following the adoption of the Euro 7 standard, which will come into force in 2027, the European Union has set the timetable for European roads to move away from combustion engines and cars to run on renewable energy. The new regulation sets the NOx limit for diesel at 80 mg/km, a figure…

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