MARKET REPORT Portugal Words | John Howell
Property in Portugal
We asked 1,100 estate agents and developers about the property market in Portugal. Here are the results Estate Agents (50%) Developers (30%) Other 20%
Where do your buyers come from? UK - 53%
Germany - 8% Russia - 4%
Benelux - 9% Ireland - 7% India - 3%
France - 8%
N Europe - 6% China - 2%
About 80% were buying in the Algarve, 10% in Lisbon/ Cascais and the rest in other parts of Portugal
Why are the foreigners buying? Main Home - 15%
Vacation - 27% Immigration - 1%
Retirement - 26% Investment - 30%
Almost every respondent said that, though immigration was not an important market, they expected it to grow sharply.
What are they buying?
Apartment - 42% Hotel Rooms - 1%
Houses - 53% Land - 3% Commercial Property - 1%
Villas and apartments are still very popular in Portugal, which is hardly surprising as many buy for lifestyle
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