Portugal’s property market is getting too hot for some

Foreign capital needed: Prime Minister Antonio Costa, who is widely expected to win a second term in an election next month, says the country needs the incentives for foreign property buyers to continue to bring in money. — Reuters

LISBOA: Ana Guerreiro points across the street at a handful of housing projects in Lisbon’s up-and-coming riverside neighborhood of Marvila. It’s where she moved in with her mother last year after soaring rents meant she could no longer afford to live alone.

“Prices have gone through the roof here, ” said Guerreiro, 33, stepping outside the cafe where she waitresses for a break.