News

Overseas Investment in Portuguese Real Estate Hit Record High This Summer

Foreign spending in Portugal’s real estate market hit new highs this summer with more than €1.1 billion (US$1.21 billion) invested between July and September, according to statistics from the Bank of Portugal. This summer’s spending marked a surge of 26% compared to the same time last year

Room rents increased in Lisbon and Porto

The reports notes that in Lisbon, the rent price for a room went up by 5,3%, while in Porto the registered rise reached 5,9%. Besides any “stagnation of room prices”, in Europe, when it comes to both Portuguese metropoles the prices “are every time less affordable.” HousingAnywhere says that the average price for renting a room in Lisbon may reach 600€, “5.3% higher than in the last quarter and up to 33.3% higher compared to a year ago.” In Porto, the average of room price is lower, 450€, but it was registered “a 5.9% quarterly and 12.5% yearly increase.”

Portugal’s Property Market Continues to Deliver Value Compared with Major International Real Estate Markets

Real estate buyers in Portugal are getting far more bang for their buck, according to new research from Property Market-Index. The sun-soaked nation offers the best deal for those looking for a four-bedroom home compared to elsewhere in Europe and many popular destinations around the world. And with the cost of living considerably lower in Portugal too, the stream of wealthy expats flocking to its shores looks unlikely to slow.

Luxury housing market continues to grow

The global luxury housing market continues to grow, with average annual prices increasing by 2.1% across the 46 markets.

Portuguese airport among the best in Europe

In 2022, Francisco Sá Carneiro airport was considered the "Best European Airport 2022" in its category of 10-25 million passengers by Airport Council International (ACI), ANA - Aeroportos de Portugal said in a statement.

The Return On Investment Of Real Estate In Spain, Portugal, And Belgium: Where Should You Invest Your 500k?

Portugal's highly-developed property market enjoys a considerable presence of offshore investors. The country's real estate sector shows continued recovery with an overall price increase of 13.8% in 2021.