Portugal remains a “safe option for real estate investment”
According to Rubio, Portugal continues to be on the radar for real estate investors, even in times of war in Europe, high inflation and rising interest rates, with the country bringing together “excellent conditions to attract foreign investors”.
“Factors such as security, hospitality, climate, gastronomy and quality of life, lead foreign investors to increasingly see our country as a safe option for investing in real estate. We believe that this dynamic will continue in the coming months, given the exceptional characteristics that Portugal presents,” said Rubio.
Growing interest from abroad
According to idealista, the most recent data released by Remax shows that the company has registered a growing interest from foreign clients. These represent 21.5% of the deals (one in five) concluded by the company in the first five months of the year. This is an increase of 57% compared to the same period last year.
Brazilians lead the list of main buyers, accounting for 30.6% of transactions. “We also highlight the sharp increase in demand from North Americans, the second most important nationality involving international customers, with 7.4% of transactions, surpassing English, French and Angolan nationalities”. Only a year ago, between January and May 2021, North Americans represented only about 5% of total transactions with foreign customers.