As we dive deeper into the premium segment of the Portuguese real estate market for future investments, understanding who has been navigating this path in recent years becomes intriguing.
Here, we have gathered available data to sketch a potential profile of these investors.
To create a profile of the investor in premium real estate in Porto, Lisbon, and other regions of the country, we’ve identified the five most relevant topics. Join us as we explore them.
- Country of Origin: France and Brazil lead as the primary origins of investors, with Brazilians and French representing about 29% and 24% of foreign buyers in 2021, respectively.
- Socioeconomic Profile: These are predominantly high-net-worth individuals or entities such as investment funds and private wealth investors. The average annual income of these investors is around €150,000.
- Age: Most investors range from 35 to 65 years old, with a significant concentration in the 45 to 55 age brackets, indicating a stage of financial stability and long-term investment interest.
- Investment Motivations:
– Asset Appreciation: Properties in Lisbon and Porto have appreciated by an average of 6% per year over the last five years.
– Quality of Life: Portugal consistently ranks among the top 5 European destinations for its high quality of life and safety.
– Tax Benefits: The Non-Habitual Resident regime offers reduced tax rates for up to 10 years, significantly attracting investors.
- Investment Growth:
– In Porto, property values in Foz do Douro have appreciated by approximately 5.5% per year during the same period.
– In Lisbon, property prices in premium areas like Chiado have risen to 8% annually between 2018 and 2023.
– The demand for luxury properties grew by 20% in 2023 compared to 2022, showcasing a robust recovery post-pandemic.
This profile and statistical analysis highlight the resilience and dynamism of the luxury real estate market in Lisbon and Porto, continually attracting investors seeking security, quality, and returns on their investments.
