top of page

Top 5 places where foreigners buy real estate in Portugal by type of property & nationality


Top 5 places where foreigners buy real estate in Portugal by type of property & nationality - portugal news
Top 5 places where foreigners buy real estate in Portugal by type of property & nationality - Portugal Business News





Portugal real estate investment news – These are the Top 5 places where foreigners buy real estate in Portugal in 2023, the type of property foreigners buy and the main nationalities that buy real-estate in Portugal according to a new study by Re/Max Portugal:



These are the Top 5 places where foreigners by real-estate in Portugal in 2023:



No 1 – Cascais in the greater Lisbon area


Cascais in the greater Lisbon area - portugal news
Cascais in the greater Lisbon area - Portugal Business News

No 2 – Sintra in the greater Lisbon area


Sintra in the greater Lisbon area - portugal news
Sintra in the greater Lisbon area - Portugal Business News

No 3 – Guimarães in northern Portugal's Braga district


Guimarães in northern Portugal's Braga district - portugal news
Guimarães in northern Portugal's Braga district - Portugal Business News

No 4 – Torres Vedras in the greater Lisbon area


Torres Vedras in the greater Lisbon area - portugal news
Torres Vedras in the greater Lisbon area - Portugal Business News

No 5 – Évora in the Alentejo region in southern Portugal


Évora in the Alentejo region in southern Portugal - portugal news
Évora in the Alentejo region in southern Portugal - Portugal Business News


What type of property do foreigners buy in Portugal in 2023?



1 - T3 apartments


Foreigners mostly buy T3 apartments in Portugal in 2023, with a market share of 38.9%, followed by T2 apartments with a market share of 25.5% and T4 apartments with a market share of 19%. While Portuguese citizens as well as foreigners mostly choose to live in apartments, both the property sales and rentals markets are thriving.


2 - Houses


Families usually choose to live in villas since houses not only provide more space, but they also provide more privacy compared to apartments, as they do not share walls with other residents. Houses are also preferred by families since they come with a garden that provides more freedom.



What are the main nationalities that buy real-estate in Portugal in 2023?

1 – Portuguese citizens


79.5% of houses in Portugal are bought by Portuguese citizens.



2 – Brazilian citizens


Citizens of Brazilian origin usually prefer to rent and account for 17% of total leases and only 4% of property sales. Brazilians usually prefer to live in houses.



3 – North American citizens


North Americans usually prefer to live in houses.



4 – British citizens


British citizens usually prefer to live in houses.



5 – French citizens


6 – German citizens


7 - Dutch citizens





#portugalnews #newsportugal #realestatenewsportugal #propertynewsportugal #whatarethetopplaceswhereforeignersbyrealestateinportugalin2023 #whattypeofpropertydoforeignersbuyinportugalin2023 #whatarethemainnationalitiesthatbuyrealestateinportugalin2023 #investmentnewsportugal



Comments

Rated 0 out of 5 stars.
No ratings yet

Add a rating
bottom of page