Brazilians manage Portuguese luxury real estate

Portugal has seen an increase in the number of Brazilian immigrants arriving in the country. According to the Foreign Affairs and Border Guard Service (SEF), in June this year, 250 thousand Brazilians legally resided in the country.

Brazilians have become the main foreign investors in Portuguese real estate, with a market worth 30 billion euros in 2021. In 2020, they overtook the French to take the leading position in terms of foreign investment in real estate for residence in Portugal.

In July 2022, 19% of international real estate investments in Portugal were made by Brazilian investors. Brazilians also prefer real estate with sea or river views. One of the projects that is popular with Brazilian investors is Prata Riverside Village, designed by architect Renzo Piano.

According to SEF data, Brazilians invested 36.3 million euros in Portuguese real estate between January and July 2022 to obtain permission to live in the country. The opening of borders following the COVID-19 pandemic has made Portugal an attractive destination for institutional investors and individuals with large fortunes. Many clients already had real estate in the country as an investment and decided to move there, which increased the purchase price.

Brazilian investors are also showing interest in real estate in other regions of Portugal, such as the capital Lisbon. Rio Capital has seen projects being altered by Brazilian tastes, such as turning all rooms into suites. Athenas Advisers has also seen an increase in interest from Brazilian buyers, even at a property price of 4.3 million euros.