This latest independent international research from Property Market-Index highlights why Portugal, particularly the Algarve and Lisbon and surrounding areas as well as Porto, are the hottest destination for high-net-worth individuals seeking a blend of lifestyle, investment opportunities, and unparalleled quality of life compared with the rest of Europe, the UK and North America in particular. Portugal's luxury property market is experiencing continued growth, with top-tier locations such as the Algarve, Lisbon, and the Silver Coast, along with Porto, leading the charge. Senior researcher and spokesperson for Property Market-Index, Amanda Collison, emphasises the Algarve's booming market: "The Algarve's luxury real estate market is thriving.
The continued influx of entrepreneurs and wealthy families choosing the Algarve is delivering for investors, with quality build programs now on par with international standards. "The demand from wealthy buyers is creating a supply shortage at the top-end of the market, driving consistent capital growth, and Lisbon and surrounding areas are showing a similar pattern to the Algarve. “We are seeing double the growth in value compared to the UK, EU, and North America in terms of property prices.
We see this continuing for at least the next three years due to international demand over supply in the luxury end, and the new government's housing policy for local people and first-time buyers will take a few years to impact that side of the marke.