Portugal

One of the world's best destinations for real estate investment

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A Light-Filled Retreat Near the Atlantic Coast

Resorts Integrados

Estudo comparativo de uma seleção de resorts nacionais face a um conjunto de 21 resorts localizados em mercados concorrenciais.
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Strong performance of residential tourism

Based on market trends and conditions, Portugal’s final ranking highlights its strong attractiveness for second home investment.
  • Portugal's most consistent strength lies in the Tax Regime and Incentives, particularly in the Purchase Price of Property. In Portugal, assuming a property value of €1 million, the acquisition costs of a property total 8% for both new build and resale properties. New-build costs average 17.9% across all countries, which highlights Portugal's significant advantage;
  • In comparison with the more emerging countries, Portugal shows greater stability in the Worldwide Governance Indicators;
  • Within the 10 criteria of the Doing Business index, Portugal stands out in Starting a Business. Managing Building Permits. Paying Taxes and Enforcing Contracts;
  • Expenditure per tourist is exceptionally high compared to the other countries, with an average of 1432 € per tourist - much higher than the second highest spending country and the total average of 773 €;
  • Relatively low unemployment rate (11.1%) compared to other countries and to the total average (14.7%).

Main strengths of the Portuguese resorts:

Offer: Characteristics, Amenities and Development Status

  • Greater variety of amenities, since. most Portuguese resorts consist of several hotels and golf courses, marinas and a good variety of commercial facilities;
  • Number and quality of golf courses (signature / multiple), which translates into an improvement in the amenities of Portuguese resorts and the residents / golf ratio and in better quality views (sea and golf);
  • Majority of mature and consolidated ventures;
  • Good performance of the residential component in terms of quality of finishes, market oriented typologies, low density of villa plots, good resident to golf ratio and good provision of F&B facilities.

Demand: performance and buyer profile

  • The selling price is relatively low, appealing to second-home markets looking for the best value for money
  • Fairly diverse mix of buyer nationalities, at an average of nine nationalities per resort, and a relatively high domestic market share of 24% compared to an overall average of 16%

Accessibility and popularity

  • Most Portuguese resorts are located by the sea
  • High accessibility and proximity to international airports (29 vs. 42 minutes), leisure centres (15 vs. 24min) and the sea (2 vs. 8min)

Non-resident real estate market

Real estate acquired by non-residents

2022

10 722

properties

+20% compared to 2021

6% of total national transactions

3 616 687 €

Amount transacted

+25% compared to 2021

11% of the total national transacted

Average value per transaction

279 063 €
(EU buyer)

406267 €
(non-EU buyer)

In 2022, the average value per transaction of non-resident buyers was 88% higher than that of resident buyers. Source: Bank of Portugal.

Source: Bank of Portugal

Acquisitions by non-residents per region

2019

Number of transactions by non-residents (by region)

2022

Value of transactions by non-residents (by region)

2022

Source: INE

Acquisitions by non-residents of premium real estate

In 2019, non-residents purchased 1,462 premium properties at an average price of €923,000 for a total value of €1.35b.

Total amount traded

Quantity traded

Average value
Portugal is one of the best destinations to invest in luxury real estate.
Top buyers – all properties
Top buyers – premium properties
Consolidated distribution of GMD
Consolidated distribution of average daily expenditure for each adult weighted by the distribution of household expenditure for each country
Source: APR – Associação Portuguesa de Resorts

Portugal is one of the best places in the world to retire

#1 Portugal

Global Retirement Index 2023

International Living

Sunshine all year round

Portugal enjoys one of the most stable climates in the world and 3,300 hours of sunshine a year, which means more sunny days than almost anywhere else in Europe.

Safety

Portugal is the third safest country in the world.

Good infrastructure

Portugal has enjoyed significant investment in infrastructure in the last few years notably in the area of road and airport networks, As a result, this is an excellent base for exploring the whole Europe and North Africa.

Health care of international standard

Health care in Portugal is of high quality and a spin-off of the cost of health care in the United States. If you take a resident, public health care is free.

Golf

The Algarve region has 42 golf courses in less than 160 km.

Great beaches

The European Blue Flag Association awarded 88 beaches along the Algarve coast the Blue Flag status, recognising their excellent water quality and environmental standards.

Affordable cost of living

The cost of living in Portugal is among the lowest in Western Europe - on average 30% lower than in any other country in the region.

The language

English is widely spoken

Healthy life

The Portuguese are the highest per capita consumers of fish in Europe, and a wide variety of fresh fish is always available in the daily markets. Pollution rates are low and streets, towns and beaches are clean and litter free.

Retirement Residences

Portugal offers the easiest residence option in the Euro zone.

Willing to move to Portugal?

We have a qualified and experienced team, with insights into the industry and an extensive network of partners, prepared to accompany you along the way.

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