Portugal’s property market saw a boom among foreigner buyers in 2017. Actually, foreigners account for 25% of Portugal’s property sales. The majority are from France or Brazil however many Brits and Chinese were also purchasing property here.
Over 25% Year on Year Increase in Property Sales
152,000 properties were sold in 2017. This was a 25% to 30% increase compared to 2016. These figures are only taking into account the number of properties sold through realtors, and not private sales.
House prices are expected to continue growing over the next 5 years. A 6% increase is what is forecasted during this time. But this price increase does not seem to keep foreigners from investing. The lure of good weather, safety, high...