The international demand for housing in Portugal remained significant in several areas of the country, with Madeira gaining a 42% interest of foreign purchasers. This was followed by Faro (36%), São Miguel (34%), and Viana do Castelo (30%), which stood out in this growing ‘wave’ of interest in national real estate by foreign citizens, according to the idealista portal.
Surprisingly, Lisbon, Évora, Setúbal, and Porto accounted for less than 15% of international demand. Main investors were from France, the United Kingdom, Germany, Switzerland, and Spain, with the USA standing out for being in the top 3 in several regions.”
In addition, France leads the demand in eight districts, including Porto, Braga, Aveiro, and Viana do Castelo, and the United Kingdom is in first place in six territories, such as Faro, Évora, and Setúbal.
In the case of Madeira, foreigners who are mostly looking for houses are Germans (18%), British (17%), and North Americans (10%).
It should be noted that at the beginning of 2025, foreigners bought 2,098 homes located throughout the national territory, the lowest number since the second quarter of 2021. Reasons for the decrease include the end of golden visas and the tightening of the non-habitual residence rules.
Samantha Gannon
info at madeira-weekly.com
