Economy Minister in London to promote residential tourism

On Monday Portugal’s Economy Minister Álvaro Santos Pereira embarked on a two-day trip to London to introduce the government’s latest strategy to promote holiday homes in this country, the ‘Residential Tourism’ campaign.


During his whistle-stop crusade the Minister visited the Portuguese Embassy in the UK and was accompanied by State Secretary for Tourism Adolfo Mesquita Nunes.
It was the State Secretary’s first visit abroad in his official capacity.


The Government is trying to boost the sale of property in Portugal to foreigners looking for a holiday home.

It expects to spend in the region of €828,000 on an international promotional road-show that will travel several countries, starting in the UK.

“Residential Tourism is a strategic tourist product for Portugal, with an across-the-board impact on national economy and employment – especially at a regional and local level – which will also contribute towards abating seasonality in tourism”, the Minister said in a statement.

During his two-day trip to London Santos Pereira held a meeting with Stephen Green, current British Minister of State for Trade and Investment, and gave a talk during an Official Monetary and Financial Institutions Forum on the ‘New Programme for Portugal’s Economic Dynamism.’

On the agenda for Tuesday was the Minister’s attendance at the ‘Partnerships with Portuguese Companies as a Fast-Track into the Africa Market’ seminar, where he was a speaker, organised by the UK Trade and Investment British investment promotion agency.

Among those present at the seminar were around 150 representatives of British companies who are potentially interested in markets such as Angola and Mozambique.

For that occasion the Minister was also accompanied by a delegation of fifteen Portuguese companies from the education, energy and health sectors, with experience in African countries.
Mark Simmonds, Parliamentary Under Secretary of State for Foreign and Commonwealth Affairs, Rosa Matos, Angolan Minister of Commerce, and heads of companies such as law firm Miranda Correia Amendoeira, BES, REN and Visibeira also spoke at the seminar.

Before leaving London, Minster Santos Pereira rounded off his busy agenda with a meeting with his British counterpart Vince Cable, Secretary of State for Business, Innovation and Skills.

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