Foreigners living in Portugal passed the 500,000 mark last year "for the first time in the history" of the country, according to information released by the Minister for Internal Administration, Eduardo Cabrita, in the Portuguese Parliament.
Buying a property in Portugal costs, on average, 1,031 euros/m2, according to data from the Portuguese National Institute of Statistics (INE). Even so, there are towns where prices exceed 2,000 euros/m2 (Cascais, Oeiras and Loulé).
The French are the foreigners who invest the most in Portugal in the purchase of real estate, a trend that has been maintained in recent times and this was once again seen in the first half of 2019. Among international investors, the French have a share of 21%.
Portugal is trending, and the country's good momentum is also due to the real estate sector. The sector is becoming increasingly attractive, especially for international investors. This represented 87% of last year's commercial volume in the sector, compared to only 13% of domestic investors.
If there was ever a time when Setúbal was called "ugly" or "dirty", idealista/news can now affirm that this area on the South Bank of the Tagus is no longer so. Setúbal has become a city which is attracting large numbers of investors from Portugal and abroad.
Buying a home is getting more and more expensive, but property sales keep going up year after year; in 2018, the number of transactions grew between 15% and 20%, which means that about 180,000 properties were sold, 25,000 more than the previous year and an average of 500 per day.