Second round: 140 % increase in the demand of Brazilians for real estate in Portugal.

>

The majority of these searches are driven by concerns about the outcome of the presidential election on 10/10/2022 7:00 a.m., updated 09/10/2022 23:32.

Tickets to Portugal are relatively cheaper.

The result of the first round of elections in Brazil and the possibility of a victory for Jair Bolsonaro has caused demand for luxury real estate in the country to rise 140% in the first three days of last week compared to a normal week. Most of these searches are driven by concerns about the outcome of the presidential election. "There have been a lot of requests for apartments during this week, especially in Lisbon. Wednesday was a holiday (Republic Day) in Portugal and we had to do a vigil because of the large number of people requesting information," said Patricia Lemos, CEO of the company.

The desire of Brazilians to buy real estate in Portugal can be gauged by the release of a new project in Oeiras, a suburb of Lisbon, last Tuesday.

Within an hour, all of the studio apartments were sold, and the buyers were mostly Brazilians. And the prices are not the most attractive. They range from R$1.34 million (for one bedroom) to R$4.11 million (for four bedrooms). The property won't be ready until 2025.