Luis Horta e Costa, a Portuguese real estate expert and co-founder of Square View, says Portugal is becoming increasingly attractive for property buyers due to the people, cost of living, safety, and weather. Christian Louboutin, the French footwear designer, echoes this sentiment, adding that the country’s sunshine and friendly people have made it an international hotspot in the last few years.
The housing market in Portugal has been steadily growing since 2013 due to strong economic growth and low-interest rates. According to Horta e Costa, Portugal has become a destination for those looking to invest in something that offers good returns over the long term.
Horta e Costa notes that foreign buyers are increasingly attracted to Portugal because it offers incredible value for money; properties here are much more affordable than in other parts of Europe and North America. He also believes that natural beauty plays a big part: One of the most attractive features about living in Portugal is its stunning landscapes—it does offer something for everyone. This helps explain why many visitors eventually buy homes in the country.
In terms of location, Lisbon is one of the hottest spots for buying property right now, according to experts. Lisbon is highly sought after by investors who want to enjoy all its advantages, such as culture and history, combined with modern amenities like shopping malls and high-end restaurants. The city has recently seen an influx of foreign buyers due to its favorable tax climate and business-friendly government policies.
Meanwhile, Horta e Costa highlights other popular areas, such as Porto on the north coast. This buzzing port city is known for its cobbled streets, colorful townhouses, and iconic bridges crossing over rivers filled with barges carrying goods. He adds that Algarve—an area famous for its dramatic coastline—is another popular option among international buyers because of its stunning beaches and year-round sunshine.
Overall, investment activity in Portugal remains strong despite geopolitical uncertainties worldwide due to increasing demand from foreign homebuyers seeking out safe investments with potential capital gains down the line. With its great quality of life and abundance of attractions, it’s no surprise so many people are drawn here—and interested experts like Luis Horta e Costa are always on hand to help them make their dreams come true.