The real estate agency announced that “housing demand in Portugal has maintained its growth trend,” with “a 14.5% increase in the number of transactions in 2024 compared to 2023.”
The Market Report 2024-2025 revealed “an increase in the average price of homes sold by Engel & Völkers in all analyzed regions, except in Lisbon, Oeiras, Cascais, Estoril, Lagos, Vilamoura, and Tavira, which registered a slight decrease compared to the previous year.”
In contrast, the Faro region experienced “the largest increase compared to the previous year, around 44%, followed by Comporta with 27% and Albufeira with an increase of about 20%.”
The report highlighted that, in terms of price per square meter, Quinta do Lago “is the region with the highest price per square meter, reaching 12,800 euros/m2.”
Guimarães is “the region with the lowest price per square meter, around 1,700 euros/m2.”
In terms of transactions compared to 2023, “Setúbal, Vila Nova de Gaia, and Lisbon registered the highest growth.”
Regarding foreign investment, Minho stands out as “the region with the highest percentage, representing 95% of operations in the area,” with the primary investors being British, Germans, and Swiss.
“Vila Nova de Gaia registered the lowest percentage of foreign investment,” it was noted.
In the rental market, “Vila Nova de Gaia, Lisbon, and Setúbal saw the most significant increases in rental contracts,” with Lisbon, Setúbal, and Porto recording an increase in the number of contracts compared to the previous year.
Regarding rental price per square meter, “Lisbon, Cascais, and Porto have the highest prices per square meter, reaching 15.93 euros/m2, 15.31 euros/m2, and 12.58 euros/m2, respectively.”
Guimarães has the lowest price per square meter, approximately 6 euros/m2, it was reported.
For 2025, Daniela Rebouta, sales director of Engel & Völkers for Lisbon, Oeiras, and Setúbal, anticipates that “it will be a year where the Portuguese market experiences a moderate economic growth and continues its trend in both national and foreign investment,” she stated in the communication.
