The housing market in Portugal is gaining momentum, with leading Portuguese property analyst Confidencial Imobiliário reporting that 33,350 dwellings were sold in mainland Portugal during the second quarter of 2024.

This marks a 4.9% increase in transactional activity compared to the previous quarter.

The Royal Institute of Chartered Surveyors (RICS) also highlights the Portuguese market's readiness for growth: “Strong economic growth forecasts, supported by rising disposable incomes in tandem with improving consumer and business confidence, should begin to feed into the housing market over the coming months,” said Senior Economist Tarrant Parsons.

As well as the wider economic aspects, Confidencial Imobiliário’s 2024 Portuguese Housing Market Survey data, “suggests that house prices are gaining further impetus on the back of increasingly restricted supply.” 

Resort properties have long been favoured by investors due to their blend of economic returns, stemming from both price appreciation and rental income, and attractive lifestyle benefits, The Portugal News reports.

This latest Portuguese Resorts Market Report supports this trend, revealing that resort property prices increased by 9.8% in 2023.

Property investors interested in exploring opportunities in Portugal can meet with key resort representatives at the Moving to Portugal Show and Seminars in London on 17th October 2024, taking place at the Pestana Chelsea Bridge Hotel.

Organised by the Portuguese Chamber of Commerce in the UK, the Moving to Portugal Shows have attracted over 9,000 Britons eager to learn about various aspects of life in Portugal, including property investment.

“There’s strong appetite from investors for property in Portugal right now, particularly resort properties. Some simply want a high-quality home managed by the resort that could promote rental income while their capital grows. Others are seeking a property they can use themselves from time to time and rent out at other times, whenever their schedule suits. Portugal’s wide range of resort properties mean the country has something to meet every investor’s needs,” according to Christina Hippisley, General Manager of the Portuguese Chamber of Commerce in the UK.