According to EU Helpers, the same data demonstrates that Lisbon and the Algarve are Portugal's two most active real estate markets.

According to the Property Market Index, prices have climbed nationwide by an average of 6.5% over the past year. However, at the same period, values in the Algarve increased by more than 15%.

Property values have risen in the capital of Portugal as well as in cities like Cascais, Estoril, Comporta, and Sintra.

According to the research, Portugal gains from "the triple-whammy of international investment, regeneration, and tax incentives for affluent expats."

According to the Mansion Global research, one of the major reasons influencing pricing is the absence of new development, while data from the National Statistics Institute indicated that the housing stock was decreasing, with ten homes being sold for every one that was developed between 2018 and 2022.

Quinta do Lago in the Algarve was named the top real estate hot spot in the Property Market-Index survey, which took into account a number of aspects, including investment potential, infrastructure, and cultural amenities.

Prices in this region have climbed by almost 28% since 2020, and by 2025, prices are predicted to rise by an additional 19%.

Portugal's Golden Visa Program significantly boosted the economy of the nation, especially in terms of real estate purchases.

The government of this country has issued a total of 12,497 golden visas between the introduction of the program in October 2012 and July 2023. Investors from China (5,366), Brazil (1,221), the United States (729), Turkey (584) and South Africa (534) are the primary benefactors of this scheme.

Nearly €7.2 billion had been added to Portugal's economy during this time.

In addition, 64 golden visas were awarded in August of this year, 42 of them were for the purchase of real estate. During that time, the program brought in more than €32.8 million for the nation.

However, as part of the "More Housing" program, the scheme underwent some fresh modifications earlier this month that were accepted by the nation's President, Marcelo Rebelo de Sousa.

The removal of real estate investment opportunities from this program is one of them.