The Association of Professionals and Real Estate Mediation Companies of Portugal (APEMIP) considers that Portugal definitely entered the radar of foreign citizens and that many will continue to choose the country to live even without special regimes that benefit them.
According to Apemip estimates in 2024, 150,000 homes will have been sold in a total of 30 billion euros, above 2023, and provides that this year transactions will increase.
Of the total transactions, Apemip says that 6% were made by foreigners and of those more than half are not European. The weight of foreigners in the total amount is higher, above 10%.
At a meeting with journalists in Lisbon, the vice president of, Patrícia Barão, said that Portugal definitely entered the radar of foreign citizens-namely from countries such as the United States or Brazil, as they are attracted to quality of life, health services, education and Safety – and that will be kept.
That is, he explained, even with changes in the special regimes that benefited them (such as the visas ‘Gold’) the flow of foreigners looking for Portugal to live will continue. On average, a foreigner spends a house in a house 550 thousand euros (above the Portuguese citizen).
As for the house that foreigners are looking for to buy, the person responsible for Apemip explained that more and more look at other locations that not only the centers of Lisbon and Porto: “An American goes to Seixal and is amazed to see that end of the day, that day Amazing landscape, ”he said.
He explained, 10 years ago foreigners bought mainly in the Algarve, namely English, Irish or German. Following 2012, with the combination of measures such as ‘Gold’ and non -usual resident regime, many foreigners from France, Belgium Brazil came.
Since a few years ago, it continued, Portugal has definitely entered the radar of foreigners as one of the countries where quality of life is good and move to the country even if there are no special regimes that benefit them.
Patrícia Barão gave an example of the Americans and as Portugal, as a destination to live, is regularly subject to a report in the US media.
As for houses prices in Portugal, Patrícia Barão was cautious and predicted that “they will not lower” this year and justified with the fact that “demand and supply continue to imbalance”.
In Portugal there are about 6,000 real estate companies. APEMIP is the most representative association in the sector, with 2,000 associates.
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