THE REAL ESTATE MARKET IN PORTUGAL

Portugal's real estate market continues to attract the French

The real estate market in Portugal is still going strong. In just a few years, Portugal has become Europe's new Eldorado for investors, and continues to attract more and more foreigners.

Since 2013, residential real estate has been recovering after 8 years of sharp depreciation due to the subprime crisis. Portugal has gone from being a very local economy, with little tourism and little presence on the international scene, to an attractive location for foreigners.

According to Apemip, the Portuguese association of real estate professionals, 20% of real estate transactions were carried out by foreign buyers in 2018. In Lisbon, the weight of these investments reached 28% of the total value of sales.

The French are the 1st investors

A ce jour 50.000 résidents français (dont 16.611 nouveaux inscrits au registre consulaire de l’Ambassade de France en 2018) sont installée au Portugal, il continuent d’être les plus gros investisseurs, avec près de 27% des transactions réalisées par des étrangers, devant les Brésiliens et les Chinois.

Ces investissements étrangères s’expliquent notamment par la mise en place dès 2009 du statut de résident non habituel, afin d’attirer les investisseurs, retraités comme actifs.

The market grew by 10% in 2019

This influx of investors foreigners has had an impact on the real estate market. Tourism, via tourist taxes, has contributed to the rehabilitation of historic city centers such as Porto. Real estate development projects have multiplied. According to INE, les prix de l’immobilier résidentiel ont ainsi progressé de 10,3% en 2019. A titre de comparaison entre 2008 et 2013 le marché avait chuté d’environs 20%.

Aujourd’hui, le marché immobilier au Portugal à retrouvé sa juste valeur et le marché peut être considéré comme stable. Pour preuve, le nombre de transactions, qui était déjà en hausse ces dernières années, a de nouveau progressé de nouveau de 16,6% sur un an, en 2018. Sur l’année écoulée, 178.691 biens ont été vendus et pour 80% d’entre eux en moins de 6 mois. Une embellie qui concerne d’ailleurs toutes le Portugal.

You can still get a good deal

Demand in the first quarter of 2019 on the Portuguese real estate market is as strong as ever, and supply is unfortunately not sufficient to meet it. As a result, prices are set to rise again this year. The Portuguese residential real estate market continues to offer excellent opportunities. While some areas (Porto and Lisbon) no longer offer the same potential for capital gains, others are still up-and-coming. Peripheral areas have become the new playground for both local and foreign investors.