Foreign investors continue to show considerable interest in Portuguese real estate as we enter a late pandemic era. As authorities lift restrictions and the countrywide vaccination initiative advances, a re-emerged sense of trust and assurance is sparking fresh enthusiasm among investors, according to Idealista.
Drawn by the good weather and alluring prices (for investors, if not for residents), international buyers are rushing to seek out properties, particularly in the luxury housing sector.
According to real estate outfit Max Group, “in the post-confinement time we are seeing an increased demand for luxury properties by foreign buyers,” and that the demand is felt throughout the entire country, Idealista writes.
Nevertheless, Lisbon remains the location investors seek out the most. Although property prices in the city’s luxury real estate sector increased by 2.4% during the pandemic, Lisbon continues to be one of Europe’s capital cities with the lowest property prices, according to real estate consultancy Knight Frank.