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Buying Property in Portugal

The real estate market in Portugal experienced a significant increase in demand from 2000–2008, which led to developers working hard to meet the demand. However, with the global financial crisis of 2008, demand for real estate decreased, leaving many newly built properties available. Prices decreased and a strong opportunity for value was created and still exists as the market corrects itself.

Our research indicates that the most desirable areas are:

  • Lisbon — Portugal’s capital city
  • Estoril coast and the Cascais region — offering a strong lifestyle focus
  • Troia region — a tropical atmosphere located just 40 km south of Lisbon
  • Algarve region — Portugal’s main tourist region, boasting Blue Flag beaches and integrated resort communities

These areas offer buyers various features and value for money:

  • Prime developments close to the capital city of Lisbon
    • Both Lisbon and the Estoril coast and Cascais regions offer prime real estate developments, which to date have been the focus for residence and citizenship investors in Portugal
  • Seafront properties
    • Despite the extensive coastline that the Algarve region offers, building restrictions and nature protection laws have prevented over-development, which generates higher value for the existing and approved projects due to a balance between supply and demand
  • Integrated master-planned communities
    • These usually have a golf course or community at their core, offering properties that cater to all types of owners and include locals, new residents, second homeowners, and vacationers. Both the Algarve and Troia, alongside the Estoril coast and Cascais, offer a good supply of planned communities

The interest from foreign buyers in these areas has increased exponentially since the Portugal Golden Residence Permit Program was launched in 2012. With the influx of foreign owners to these areas, the real estate values in Portugal are increasing. This increase also leads to a higher quality of design and build of planned communities, which in turn attracts further long-term value.