Non-resident purchasers invest 50% additional funds into real estate

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During the 12 months ending September 2022, the median value of family housing sold in Portugal was 1,446 euros per square meter. However, for buyers with tax domicile abroad, the median value was 2,250 euros per square meter according to data from INE. This represents a 50% increase in cost, with houses bought by non-residents costing 835 euros more per square meter compared to those purchased by residents.

In particular, the city of Lisbon demonstrates the largest difference between the median price of transactions made by non-residents and residents. In Lisbon, non-residents paid an average of 5,294 euros per square meter, while residents paid 3,643 euros per square meter. This indicates that foreign buyers are spending significantly more on properties in Lisbon compared to resident buyers.

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