Portugal is rapidly becoming a hotspot for US citizens seeking a new home, a holiday property, or a smart investment. Recent data from Portugal’s Agency for Integration, Migration and Asylum (AIMA) shows that the number of Americans living in the country jumped from 14,129 in 2023 to 19,258 in 2024 – a remarkable 36% increase in just one year.
Real estate developers have noticed the trend. Iberian developer Kronos Homes reports growing interest from US buyers, drawn not only by Portugal’s lifestyle appeal but also by the strength of its property market.
Easy access from the US
Travel to Portugal is now more convenient than ever. Direct flights connect Lisbon, Porto, and Faro with key US hubs, including a new route from New York to Faro launched in May 2025. With Portugal’s real estate market being the second fastest-growing in Europe for investment volumes in Q1 2025 (Savills), Americans are increasingly considering the country for both financial and lifestyle reasons.
Lifestyle and leisure appeal
Portugal’s lifestyle credentials are impressive. Recognised as the Best Golf Destination in the World (World Golf Awards) and the top location for retirees (Global Citizen Solutions’ Global Retirement Report), the country also boasts award-winning beaches, particularly in the Algarve, crowned the World’s Leading Beach Destination at the 2024 World Travel Awards.
“The wealth of locations and property types available in Portugal means US buyers can find everything from primary residences and vacation homes to investment properties,” says Alda Filipe, Regional Director and Partner at Kronos Homes. “With options ranging from turnkey homes delivered fully furnished to off-plan residences where buyers can lock in today’s prices, Portugal offers unparalleled choice. The widespread use of English also makes the process smoother than in many other European countries.”
Prime real estate opportunities in the Algarve
The Algarve exemplifies Portugal’s property appeal. Salema Beach Village, on the southwestern coast, offers fully furnished homes with contemporary interiors and spacious balconies, alongside family-friendly amenities like swimming pools, playgrounds, a gym, and padel courts. Impressively, 50% of the homes have already been reserved by US buyers.
Nearby, the five-star Monte Santo Resort features luxury apartments and villas set within eight acres of landscaped gardens. Residents can enjoy on-site facilities including multiple pools, a gym, a multi-sports court, and the Aroma restaurant, with prices starting from €250,000.
For buyers seeking off-plan opportunities, Vale do Lobo – one of the Algarve’s most prestigious resorts – is launching The Residences Vale do Lobo, the first new homes in 20 years. This exclusive collection includes 44 apartments, linked villas, and townhouses with communal and private pools. Already 50% reserved, the homes are expected to be delivered from Q4 2027, giving buyers the chance to secure today’s prices in a highly sought-after location.
Why US buyers are choosing Portugal
With its combination of sun-soaked beaches, world-class golf, high-quality residential offerings, and easy connectivity, Portugal continues to attract American buyers in growing numbers. Whether seeking a permanent move, a holiday home, or a long-term investment, the country provides options that cater to every lifestyle and budget.
The Portuguese towns where you can buy a house for under €35,000
Access to housing in Portugal is becoming increasingly difficult as house prices reach record growth levels while wages fail to keep pace. However, this reality does not affect the entire country. Inland areas hide municipalities where buying a house can cost less than €35,000.
Buying property in Portugal as a foreigner: complete guide 2025
Portugal has become one of the most popular destinations for international property buyers. With its stunning coastline, vibrant cities, and attractive lifestyle, investing in Portuguese real estate offers both a high quality of life and promising financial returns. If you’re considering buying property in Portugal as a foreigner, this guide will take you through the legal requirements, costs, and step-by-step process to make your purchase smooth and secure.
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