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Portugal Homes
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Once again, the Portuguese real estate market has shown proven resilience with medium prices for housing keeping its appreciation and the number of family dwellings sales increasing. Here’s what this could mean for future buyers.
New Data, Old Trend: Property in Portugal Remains Valuable
New (INE) proves that buying property in Portugal remains a profitable move. In the 4th quarter of 2024, house prices accelerated in 19 of the 24 most populous municipalities, with the median house price increasing by 15.5% when compared to the 4th quarter of 2023. Still, the number of family dwelling sales in Portugal increased by 34.2% in the same period, showing amazing market resilience and strong demand.
In the sub-regions of the Greater Lisbon and Porto Metropolitan Areas, the median transaction price per square metre paid by buyers with foreign tax residency was higher than that paid by domestic-tax-resident buyers and had an increase of 13.9% when taking into account the same quarter of the previous year.
This only proves that international buyers keep seeing amazing value in buying property in Portugal’s main locations and are eager to secure their investments before any who wish to buy a real estate asset in the region are put into effect.
However, the may bring a shift in the upcoming periods, since the number of tax residents is bound to have a visible increase in Portugal.
At the end of the day, all this data demonstrates that the Portuguese real estate market is showing no signs of slowing down and is still an amazing investment for both national and international buyers.
