Several factors will influence the sector throughout this year, but those most responsible predict a growth scenario.
O real estate market is one of the biggest concerns of the Portuguese. In fact, for thousands or millions of people, it will actually be their biggest concern month after month when looking at their budget.
The national real estate market in 2025 will depend on many factors, including international ones – as is usual, but in recent times this dependence is even more evident.
However, and still without having concrete numbers, those responsible for the largest real estate companies predict a market in growth throughout this year.
In , Ricardo Sousa, executive director of Century 21 Portugal, recalls conditions important: economic context, conditions of access to credit and demographic dynamics. But believe in increase of buying and selling, in a trajectory of sustainable growth.
Ricardo expects a progressive reduction in interest rates but warns: “No reduction in prices is expected, but rather a stabilization of the prices charged“.
“The search International must continue to play an important role, especially in tourist regions, while preference of national buyers is increasingly oriented towards economically accessible solutions. This phenomenon could favor the market for second hand and encourage the property rotation“, he added.
Rui Torgal, from ERA Portugal, focuses on the USA: “I think that the Donald Trump will bring additional difficulties to Europe, mainly due to the announced protectionism, and this uncertainty could mean some global retraction in the real estate market during the first half of the year”.
However, the entrepreneur does not foresee many changes in Portugal because of the new US president: “I really predict it will continue to grow in the next year. But I also believe that this growth will not be the same as in previous years“.
Manuel Alvarez, president of RE/MAX Portugal, highlights the “ability to adaptation to the economic, social and demographic transformations that have shaped the sector in recent years”.
“The dynamic between insufficient supply and growing demand, especially in metropolitan areas, will continue to exert pressure about prices. The answer to mitigating this trend inevitably involves implementing strategies that promote an increase in housing supply in an orderly and accessible manner.”
For Manuel Alvarez, in addition to foreign investment, there is another factor that will make the real estate market grow in Portugal: the return of citizens who emigrated in recent years. Regarding prices, it predicts stabilization in specific areas.