Brazilians buy 250k properties in Portugal: Portugal's share.
The Brazilian Foreign Ministry estimates that about 400,000 Brazilians live in Portugal, including those with dual citizenship. However, experts say this community is more than 500,000.
Whatever the actual number, the fact is that the Portuguese real estate market is not complaining. A study conducted by Porta da Frente Christie'\'\'s company shows that Brazilians have already purchased more than 250 thousand properties in Portugal. One detail that attracts attention in this study: the preference of Brazilians for high value real estate. Not surprisingly, the average check for the purchase of houses and apartments is 1.369 million euros, equivalent to 7.5 million reais.
The main justification for Brazilians to migrate to Portugal is the safety in this European country, which ranks among the safest in the world. They are also looking for spacious homes, preferably close to the beach.
Besides Brazilians, the real estate market in Portugal is influenced by the Chinese, French, British and Germans. Those who suffer the most from this movement, which is driving up house prices, are the Portuguese, who are forced to move out of the major cities. Property prices have risen sharply in the last three years, both for buying and renting, and the government has taken a number of measures to try''to curb speculation. However, so far, these measures have proved fruitless.
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