How does Portugal's peace ranking affect real estate prices?
Portugal's impressive ranking as the seventh most peaceful country plays a significant role in attracting property buyers, directly influencing real estate prices across the nation. With its low crime rates and serene environment, demand for homes in Portugal has surged, particularly in regions renowned for their tranquillity like the Algarve and the Douro Valley. This peaceful ranking not only reassures investors but also highlights the appeal of transitioning to life in these inviting areas.
Regions with higher safety are seeing escalating property values, driven by both local and international investors eager to capitalise on the peaceful lifestyle. Properties in cities such as Lisbon and Porto, which balanced lively atmospheres with safe neighbourhoods, have seen notable appreciation in value. As a result, purchasing real estate in such peaceful locales often assures a good return on investment as safety attracts more families and retirees.
Portugal’s low economic impact from violence further solidifies its position, providing a stable environment for investments. Additionally, the growing trend of remote work has led many to seek homes in quieter areas, driving prices upwards. Investors looking for properties in peaceful regions should act promptly, as the combination of safety and lifestyle continues to fuel price growth. It’s essential to stay informed about the real estate market shifts that may arise from these trends.
Contact us today to discuss how Portugal's peace status can enhance your property investment strategy and find the ideal home or rental property that fits your needs!
According to the ranking by the Institute of Economics and Peace, Portugal appears in seventh position as the most peaceful country in the world, with 1,372 points in a ranking in which the lowest score, that is, the best, is led by Iceland with 1,112.
In the index prepared annually by the Institute of Economics and Peace in collaboration with the United Nations, Portugal ranks 114th in the economic impact of violence, the costs representing around 3% of Portuguese GDP.
In the eighteenth edition of the Global Peace Index 2024, the podium of the list of most peaceful countries is occupied by Iceland, Ireland, and Austria, with Afghanistan, Yemen, Syria, South Sudan, and the Democratic Republic of Congo at the bottom of the table.
Produced by the international think tank, the Institute for Economics and Peace, the report presents the most comprehensive analysis to date of peace, economic value, trends, and ways to develop peaceful societies, covering 99.7% of the world's population through analysis of 23 qualitative and quantitative indicators. These indicators are grouped into three key domains: Ongoing Conflicts, Safety and Security, and Militarisation.
The Global Peace Index 2024 indicates that there are now 56 conflicts globally, the highest number since World War II.
