'Is investing in Portuguese real estate a good choice? 3 answers'

'Völkers (E&V).

"The combination of good weather, quality of life, proximity to beaches and the fact that Portugal is the sixth safest country in the world make it very attractive for foreign investment," the statement said.

The real estate intermediary said there are three reasons that show that investing in real estate in Portugal is a good option.

1. Competitive house prices.
Despite the continuous growth in demand for real estate in Portugal, prices remain competitive compared to other European countries. According to the National Institute of Statistics, in the last quarter of 2022, the average price per square meter in Lisbon was around €1,446, which''is "very competitively priced compared to other European cities".
2. A great investment opportunity for those looking for long-term income.
In terms of profitability, Portugal remains one of the most popular destinations in Europe, with the tourism industry continuing to grow.

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"This is leading to an increase in demand for short-term rental properties, which becomes a great opportunity for those looking to invest in Portugal," E&V said in a statement.

3. Demand for short-term rental properties.
"There has been a significant increase in demand for short-term rental properties and hospitality investments," the intermediary said, noting,''that Portugal has in recent years "become one of the most popular and sought-after tourist destinations in Europe". The increase in demand is being driven by factors such as climate, safety, cost of living and remote work opportunities.

Citing the statement, Vanessa Moreira, E&V's sales director for Portugal, notes that the country has "undergone a great upswing in real estate" and recalls that in 2022 it was recognized as the 20th highest quality of life country in the world, due not only to purchasing power but also to cost of living, climate, security and environmental quality. "These factors make buying real estate a good and safe investment, whether it is for''primary or secondary housing. Portugal is currently one of the most sought-after countries for foreign investment, which currently accounts for around 63% of all transactions in this sector," she notes.