{"id":2599,"date":"2014-09-19T11:07:20","date_gmt":"2014-09-19T11:07:20","guid":{"rendered":"http:\/\/www.tesyouth.org\/t\/?p=2599"},"modified":"2023-07-11T15:22:39","modified_gmt":"2023-07-11T15:22:39","slug":"portugals-growing-number-of-young-entrepreneurs","status":"publish","type":"post","link":"https:\/\/www.tesyouth.org\/t\/portugals-growing-number-of-young-entrepreneurs\/","title":{"rendered":"Portugal’s growing number of young entrepreneurs"},"content":{"rendered":"

When Portugal was hit by an economic crisis in 2011, Magda Tilli and her husband Miguel realised that if they wanted to make a decent living they would have to set up their own business.<\/p>\n

At the time Mr Tilli was working as an estate agent, but with the Portuguese housing market in free fall, he was earning next to nothing.<\/p>\n

And with Portugal’s government needing a 78bn euro ($103bn; \u00a362bn) international bailout, in exchange for putting in place a number of austerity measures, the wider Portuguese economy was mired in its worst recession for more than 40 years.<\/p>\n

With the jobs market having ground to a halt, and four children to look after, Magda and Miguel Tilli decided they had no option but to take a chance on starting their own company.<\/p>\n

Ms Tilli, 37, recalls: “We were at the beach, brainstorming about what we could do.”<\/p>\n

Tapping into Mr Tilli’s knowledge of the property market, they recognised that they could turn a problem – no one was buying homes anymore – into a business opportunity.<\/p>\n

And so, they decided to launch an estate agent business specialising in renting houses in Lisbon city centre.<\/p>\n

While such a focus on rental properties may be common in other countries, the great majority of Portuguese estate agents only deal with selling homes.<\/p>\n

This is because in Portugal owning your own house or apartment has always been such a matter of pride that it is the first choice of most people, even young adults. Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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