EnglishThe international demand for real estate in Portugal is a well-known story. But did the corona year affect the demand for real estate by international investors and foreign immigrants from all over the world? From which countries do most immigrant investors come? What are the most sought after areas? All this and more in the review we conducted for you as a result of Idealista’s annual report for 2020.
So according to the report, about 22% of the total demand for residential properties in Portugal is from foreign investors and immigrants. We would expect the percentage to be lower than in previous years due to the difficulty of arriving, seeing and performing actions physically, but to our surprise the opposite has happened. Only increased when buyers from Spain, France, Brazil, Britain, Germany, USA Canada and Switzerland lead the list of demand. Israelis also want to buy properties of course, but at the moment these are negligible numbers compared to the countries mentioned. So what are the areas most sought after by foreign buyers in Portugal?
So it seems that demand during 2020 was indeed affected by the corona plague and most of the demand reached places less affected by the corona, such as the islands of Madeira and Azores, and places where there is quick access to open spaces such as the southern Algarve and open areas in the north. We can see that this year the demand in Lisbon and the surrounding areas has decreased and decreased.
In conclusion, it seems that foreign investors and immigrants are looking for the spacious places and the quiet. Escape from the noise and overcrowding of the big cities, and it could very well be that even from the relatively severe restrictions that have been applied on them over the past year, we hope to return to a fast and efficient routine.
