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€30 billion in the residential market: 2021 was the “best year ever” for Portuguese real estate, says the consultancy firm JLL, and international buyers had a hand in it.
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Anyone with their finger on the property pulse will have noticed that prices kept rising throughout 2021 (read more here), but the variations weren't equal across the board, with 2-bedroom properties seeing the most significant rise.
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Can you see yourself enjoying a long beach walk, a quick round of golf, perhaps a glass or two of vinho branco, well into your retirement years? If your answer is yes, then you're not alone: Portugal has been ranked the best place in Europe for retirees.
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It was yet another year of uncertainty and, yet again, the real estate market countered all expectations. Over the course of 2021, house prices in Portugal – and particularly in the Algarve – continued to rise.
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Investment in real estate through the Golden Visa scheme fell by 33% in the last year – and that's before the new changes came into force on the first of this month.
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