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View across a living room through wall-to-wall folding glass doors to a balcony and sea view beyond

 

The rental market supply in Portugal needs to grow to meet growing demand, says a new report from Savills. More than a trend, building or investing in property for rental purposes is here to stay.

View across a villa with chimney to the sea with a palm and bougainvillea in the foreground

 

Portugal is the sixth country in the EU with the highest rate of property overvaluation. It's also the country where house prices have risen faster than the average salary.

Pink Palace in Estoi with gardens in the forefront

 

The month of October was one of recovery for the Algarve's hotel sector, which saw its turnover increase by 2.3% compared to 2019, and 157% compared to 2020.

Old village with cobbled streets and hills in the background

 

The median prices for properties in Portugal has risen across the country, reaching the highest value since 2019. The highest-priced homes are currently in the Algarve, despite median prices shrinking by 0.5 percentage points.

Looking across the living room through open terrace doors to the view of trees and ocean

 

In the space of a decade, international demand for properties in the Portuguese market has more than doubled, but which nationalities are most interested in getting their hands on a place in the sun?

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