Why should I consider buying a home in Portugal right now?
Now is an excellent time to consider buying a home in Portugal, especially given the current market dynamics that have seen house prices rise by 13.2% in the second quarter of 2022. This robust growth is fueled by increasing interest from international buyers and a thriving domestic market. Portugal offers a unique lifestyle with beautiful landscapes, diverse culture, and rich history, all while providing investment opportunities that can secure substantial returns. The economy is on an upward trajectory, making it an attractive investment destination, particularly with the added benefits of favourable taxation for foreign property owners. Regions such as Lisbon, Porto, and the Algarve are particularly appealing due to their vibrant communities and strong rental markets. Buying a home here not only means investing in a property but also embracing a lifestyle enriched with sunshine and community. Furthermore, the ongoing infrastructure developments enhance accessibility and convenience, further driving property values. In a market that is rapidly evolving, seizing the opportunity now could lead to significant long-term gains. Explore our listings and see why investing in Portuguese real estate is a decision you’ll likely cherish. Contact us today to start your journey!
Prices rose 13.2% in the second quarter of this year, +3.3% on the aggregate average of all the other EU countries.
According to data from Eurostat published on Friday (today), house prices increased 9.9% in the EU space and 9.3% in the Euro Zone in like-for-like terms.
Compared with the previous quarter, the prices of homes rose 2.3% in both the EU and Euro Zone, but in Portugal they rose 3.1% on the first three months of the year.
But although Portugal is seeing the most significant increase in the speed at which homes are increasing in price compared to the rest of Europe in average terms, three countries suffered greater increases: Estonia (+27.4%), Czech Republic (+23.1%) and Hungary (+22.8%).
