Luxury homes are a high-demand market in Portugal.

If we are talking about a real estate segment that has already shown its resilience to crises, it is luxury housing. Both the pandemic and the aftermath of the war in Ukraine - a sharp rise in energy costs and inflation forcing the European Central Bank to raise interest rates - do not seem to be having an impact on this market in Portugal. On the contrary. "We will have an ultra-luxury project, not just luxury (...). This is a market with demand in Portugal.

This will be the seventh project by this real estate promoter in Portugal, joining the other five residential projects, all in Lisbon - Santo António, Liberdade 49, Azure, BOW 123 and NAU 30 - and one office project, St. Léger, also in the capital. But there are other investments on the horizon, particularly in Melides, says Federico Rosales, adding that Príme has already invested around 160 million euros in the country. "I would say we could invest another 100 million euros in the coming years with our projects in development," he adds.