Property for sale in Portugal

2022 was marked by inflation which further pushed up house prices in Portugal. In addition, building a house became more expensive and access to mortgages more difficult, since interest rates have also jumped.

Buying a house in Portugal is getting more and more expensive.

Portugal's Left Bloc (Bloco de Esquerda, also known as BE) has presented a bill to prohibit the sale of property to citizens or companies with headquarters or permanent residence abroad, as a way to combat rising prices in the real estate market in Portugal.

The prices of houses for sale are rising at high speed in several countries in the world. And to curb this increase, some countries have prohibited non-resident foreigners from buying property, as is the case of Canada and New Zealand.

Despite the uncertain context, Portugal should remain on the radar when it comes to foreign real estate investment in 2023, namely in the sights of European and US investors.

Will house prices drop in Portugal? Will houses be cheaper in 2023? The residential real estate market in Portugal remained resilient throughout 2022, despite the challenges posed by the war in Ukraine.

Since March 2022, a month after Russia invaded Ukraine, the cost of building a new house in Portugal has been skyrocketing, in line with the rising inflation rate. Since then, the year-on-year rise has always been more than double digits.

How are things looking in the real estate market in Portugal for 2023? Despite the geopolitical and macroeconomic context, 2022 presented itself as a dynamic (and memorable) year for the real estate market in Portugal and beyond.

In recent times, buying a house in Portugal has become an increasingly complex challenge for many families.

Houses, villas or flats? What types of houses are most sought after in Portugal? And what are the differences between regions?

Energy efficiency is one of the main factors valued during the evaluation of a house as it significantly impacts energy consumption.

Over the last 10 years, the "significant increase" in the participation of non-resident buyers has marked the Portuguese residential market.

Portugal continues to attract a large number of foreigners who in turn invest in property, thanks to the country's climate, safety, beaches and much more. So much so that the demand for houses to buy continues to be much greater than the existing supply in the residential market.

In the first quarter of 2022, 5.9% of property transactions were carried out involving buyers with tax address outside Portugal, according to data released by Engel & Völkers in its Market Report.

The current economic context, characterised by high inflation and rising interest rates, is influencing several sectors, namely real estate.

Every now and then a house needs to be renovated, whether for architectural or aesthetic needs, in order to respond to a specific desire of its owner or simply to have a new look during the different times of the year, but it can also be the dream of many to buy and renovate a house abroad.

Inflation is contaminating all markets - and real estate is no exception. Data from the National Statistics Institute (INE) show proof, stating that houses were 13.2% more expensive in the first quarter of 2022 compared to the previous year.

Buying a house that needs some renovation work is a solution that can have several advantages, especially if you are moving to Portugal and want to live in your dream home.

Portuguese bank repossessions are becoming a more and more popular option for buyers to get a bargain property in places such as the Algarve.

Besides the sense of community, the constant sharing with neighbours, living in a condominium in Portugal, also simply known as an apartment block, also allows you to benefit from security which is one of the main reasons why they are such a popular type of housing in Portugal. We're here to he

Portugal is the 2nd country in the European Union (EU) with the highest percentage of people living in houses in poor conditions, such as roofs leaking water, damp walls or with rotten floors and window frames, according to data released by Pordata.

Having a property by the beach is, increasingly, the decision of those who decide to buy a property in Portugal, both for Portuguese families and foreign investors.

When searching for a holiday home in Portugal, many expats will be in search of buying a property with a pool.

Portugal's mild climate, delicious cuisine, an excellent safety record, beautiful beaches and green landscapes attract foreigners from the four corners of the world to both visit and live in the country.

A heat wave has invaded Portugal in recent days, highlighting how important it is to live in energy-efficient homes. And not only that: it has also shown how air conditioning can be a great ally to escape the hottest days of the summer.