Luxury Homes

Luxury housing prices in 2025 saw an average increase of 3.2%. Out of a total of 100 prime markets, 73 experienced increases, with Tokyo (Japan) standing out with a 58.5% rise in the value of new luxury apartments. This price increase is accompanied by a sharp decrease in the purchasing power of one million dollars (852,000 euros) in many prime markets, such as Lisbon. In the Portuguese capital, the number of square meters (m2) that can be purchased for that amount fell by 14%, from 93 m2 to 80 m2.

The city of Porto continues to show strong momentum in the premium real estate market, consolidating its position as one of Portugal’s leading destinations for high-end property.

The premium real estate market in Portugal rebounded strongly in 2025, continuing to attract significant interest from foreign investors. In the second quarter alone, transactions rose by 15.5%, with the total volume traded by households surpassing €8.9 billion. House prices maintained their upward trajectory, recording a year-on-year increase of 17.7% in the third quarter.

The Karl Lagerfeld Residences project in Lisbon is indeed going ahead. The Lisbon municipality has approved the construction of the branded residences project, which will feature the most expensive homes in the country, with prices around €20,000 per square meter (m2).

Piquet Realty Portugal, a real estate agency specialising in the luxury segment and representing Piquet Realty – the international brand founded around 20 years ago by Brazilian entrepreneur Cristiano Piquet, now based in the US – has announced the start of a new phase of national growth focused on the Algarve.

Near the charming fishing village of Ferragudo, in the municipality of Lagoa (Algarve), Pestana Residences is launching its latest real estate project.