Real estate markets across Portugal are particularly strong right now, drawing in a large number of domestic and overseas investors. Soaring demand and a shortage of homes are pushing prices up, yet the country remains very affordable compared to other European destinations.
At the beginning of 2022, Portugal made headlines with a price jump of 17.2% in a year. In October, Idealista reported that house prices were still on the rise across almost all of Portugal.
Prime investment locations in Portugal
Lisbon ranked 16th on the PWC list of most attractive cities for Real Estate investments in 2022—and for good reason. The capital city is thriving in terms of economic, population and industry growth, yet house prices remain affordable compared to more costly European cities such as Paris, London, Amsterdam, Berlin and Rome.
Whilst house prices in the Algarve are at the top end of the scale, properties in this area benefit from strong year-round rental demand, and make fantastic holiday homes. The coastal region is an established tourist destination, and because of this, the Algarve property remains extremely sought after.
And we can’t forget about Porto. Businesses, students and real estate investors are flocking to Portugal’s “second city”, driving demand for residential property.
Focusing on these hot investment spots, here are some of the best real estate deals on the market in Portugal.
Bayline, Algarve
1-3 bedrooms
From €485,000
Rental yield: 5%
Completing Q1 2023
Why Bayline? This development is a best-selling project, and one of the last opportunities to acquire a property on the Algarve seafront.
Land Roots, Porto
1-4 bedrooms
Price POA
Rental yield: 6%
Completing Q4 2023
Why Land Roots? These river-view apartments are situated in Gaia, just 15 mins from Porto city centre, and are ideal for Airbnb.
Onda, Peniche
Studio – 1 bed
From €165,000
Rental yield: 6%
Completing Q2 2024
Why Onda? As one of the world’s most popular surf destinations, Peniche benefits from strong year-round rental demand.
Quinta do Pinhão, Lisbon
3 beds
From €420,000
Rental yield: Up to 7.1%
Completing Q3 2023
Why Quinta? These apartments are set away from the city centre yet only 20 mins from all the action, making them ideal for families.
White Shell, Algarve
1-3 bedrooms
From €420,000
Rental yield: 4%
Completed / Off-plan phases
Why White Shell? These properties qualify you for the Golden Visa and investors can also enjoy up to 7 weeks of personal use.
Nomad Bay, Algarve
1-2 bedrooms
From €450,000
Rental yield: 5%
Completing Q1 2024
Why Nomad Bay? Bright, open spaces and stunning outdoor terraces overlooking the ocean. Perfect to enjoy with friends or family.
SixGild, Lisbon
Studio – 3 beds
From €480,000
Rental yield: 4%
Completing Q3 2023
Why SixGild? High ceilings and tasteful finishes alongside all the charms of living in Baixa, one of the most vibrant parts of Lisbon.
Portugal is the ideal location for any investor looking to secure a profitable investment in Europe. If any of the above properties have caught your eye, or you’d like to discuss other available options, get in touch today.
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