Foreign investments in the Portuguese real estate market are still on the rise, and once again the French dominate the ranking. Indeed, French investment is the largest in the Portuguese real estate market, with a 21% market share in the first half of 2019, according to the Association of Real Estate Professionals and Enterprises of Portugal (APEMIP). After studying all the activities carried out in the Portuguese real estate sector between January and June, APEMIP claims that foreign investments accounted for 16% of total real estate transactions in Portugal. Which countries are investing the most in Portuguese real estate? Lisbob, the expatriate assistant in Portugal, reveals the ranking of the largest foreign investors in the Portuguese real estate market.
Check out the ranking of foreign investors in the Portuguese real estate market
French continue to lead real estate investment in Portugal
The French remain at the top of the ranking of those who invest the most in Portuguese real estate. According to Luis Lima, President of APEMIP, "There is no doubt that this trend is here to stay, and the geographical diversification of these investments is underlined, it is not concentrated only in the big cities. In urban areas, demand is growing in areas of low population density, "commented Luís Lima, compared with the latest figures in the sector.
By nationality, the French represent 21% of investments in the Portuguese real estate market. In second place, the United Kingdom and Brazil (18%), Germany (9%) and China (7%) also represent the most demanding countries in terms of Portuguese real estate. Luis Lima believes that the representativeness of the British investment continues despite the Brexit still in progress.
Brexit doesn’t affect Portuguese real estate market… for the moment.
A Brexit without influence, for the moment
"In the referendum on Brexit, a slight decline has been felt, but for the moment, this is not the case, the British representation still developing in real estate investment.The English are currently looking for new baskets for putting their eggs and Portuguese real estate remains a haven of peace, "he says. The demand for the British population remains mainly centered on the Algarve, but the APEMIP admits that "certain curiosities concerning other regions are already noted".
"The residence permit for investment purposes (Golden Visa) could become a very interesting opportunity for this market if there are restrictions to free movement following Brexit," he adds. By typology, foreigners' preferences in the Portuguese real estate market range from T3 (46%), followed by T2 (37%) and T1 (15%).
