@Shining
How much impact has this law had on Luz & surrounding area? (Off topic, I know, but perhaps relevant to general trade in Luz)
https://degtev.com/waterfront-property-portugal-land-grab-threat/
I haven't heard of it, and we were not aware of it.
I have a neighbour from about 9 months ago, who came into Portugal on a 'golden parachute'. The deal was that if you invested €500k in Portugal, you bypassed most of the regulations. I would think his property is worth 1 to 2 million, but I haven't asked and he hasn't told me.
The property we have bought in Portelas has been valued at €360k, so it won't pass the golden parachute test.
It has a huge amount of land behind it. The land is classed as agricultural and ecological, and this means we are permitted to put SFA on it. Indeed, when we bought it, the bank which had repoed it had to rip out lots of features in the garden before they could sell it to us.
We are not near the sea front. We are not near a waterway. We are sitting on top of a village well. I predict the local council will get in touch with us to enforce that we supply the village with cheap water.