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According to data provided by the Portuguese National Statistics Office, about 22% of the demand for residential properties is international customers.
The island of Madeira, the island of Sao Miguel in the Azores, and the region of Faro in the Algarve, are the areas with the greatest international demand for a home at this moment.
The destinations most wanted in recent years, like Lisbon and Porto, are now at the end of the list.
photo: the Azorean Islands. Sao Miguel
There are several changes in the real estate market in Portugal, the criteria for foreigners to buy a house in Portugal have also changed.
It seems that the boom in the real estate market is finally reaching the whole country, and it is no longer an exclusive of the big Portuguese cities.
The Portuguese real estate market is gaining, as well as the buyers. Now, there's more options to choose from. Different regions with different prices.
Antonio Pinheiro
CRM @ new MindEstate.
+31 (0)6 51760042
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