Portugal Real Estate: 40% Luxury Sales to Foreign Buyers

Discover how foreign investors dominate the Portugal luxury real estate market in Comporta and Melides, accounting for 40% of transactions at Engel & Völkers.

In the picturesque locales of Comporta and Melides, foreign investment has taken a notable leap, constituting approximately 40% of the total transactions executed by the esteemed real estate agency Engel & Völkers (E&V) in this charming region. According to the Market Report Portugal—a comprehensive series of research documents produced by E&V in collaboration with the Marketing Research Institute—this analysis scrutinized real estate dealings facilitated by the German multinational during the period spanning 2023 to 2024 across various regions of the country. The findings reveal that the most fervent participants in this Portugal real estate market are none other than Germans, English, and North Americans, who seem to have taken a particular liking to the sun-kissed shores.

When it comes to housing prices, the Comporta and Melides area has experienced a staggering annual increase of 28.57% compared to 2023, with the average price now soaring to an impressive 9,000 euros per square meter (€/m2). Meanwhile, Alcácer do Sal has been on a steady upward trajectory since 2022, culminating in a price of 2,067 €/m2 in 2023. Grândola, not to be outdone, mirrors this trend albeit in a more subdued manner, reaching a respectable 1,273 €/m2 by the close of 2023. Such figures, as articulated by E&V in their recent statement, paint a vivid picture of a thriving Portugal real estate market, where the allure of coastal living continues to captivate international investors.