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All Market News: Spanish Real Estate Intelligence

Portugal’s Banks Steadily Increasing Mortgage Lending
17 September 2019 Mortgage lending in Portugal accelerated once again in July as the country’s banks granted 967 million euros in residential mortgages, an increase of 14% month-on-month. The volume of new consumer and other loans totalled 515 and 183 million euros, respectively, according to the Bank of Portugal. In the first seven months of the year, the country’s financial institutions granted a total of €5.898 billion in mortgage loans, an increase of 3.6% and a nearly ten-year high. Original Story: Idealista Adaptation/Translation: Richard D. K. Turner  
 
Portuguese Government Approves Revive Natureza
17 September 2019 Last week, the Portuguese government approved the new Revive Natureza (Nature) project, having already included 96 properties located throughout the country to its remit. The government based the program on the original Revive project to recuperate vacant public properties for use in tourism. The 96 properties are mostly former forest and tax posts. Original Story: Jornal de Negócios Photo: Miguel Baltazar/Negócios Adaptation/Translation: Richard D. K. Turner  
 
Invesco Finalises Acquisition of Three Tivoli Hotels in Lisbon
17 September 2019 Invesco Real Estate has finalised a €313-million deal to acquire three hotels in Lisbon from the Thai Minor International, marking its entry into the Portuguese hotel market. The hotels, Tivoli Avenida Liberdade Lisboa, Tivoli Oriente Lisboa and AVANI Avenida Liberdade Lisbon, will be operated by Minor International’s subsidiary NH Hotels. The deal is the largest ever hotel real estate transaction in Portugal. Original Story: Publituris Adaptation/Translation: Richard D. K. Turner