The Portuguese property market, as indicated by the 4th quarter 2023 statistics, continues to exhibit considerable growth in house prices, particularly in high-demand areas such as Grande Lisboa, Algarve, and Área Metropolitana do Porto. Despite a slowdown in some municipalities, the year-on-year growth rate of 7.9% and the enduring premium prices in strategic locations suggest a resilient market. Real estate investors should note the significant price differentials between properties purchased by domestic versus foreign residents, especially in top markets where foreign transactions often exc ..read more

The recent data on implicit interest rates in housing loans reveals a trend that could influence real estate investment decisions in Portugal. For March 2024, the implicit interest rate for all housing loan agreements saw a decline to 4.613%, continuing a downward trend from the previous month. More specifically, for contracts closed in the last three months, the interest rate decreased for the fifth consecutive month to 4.000%. This downward movement in interest rates may suggest a more favorable borrowing environment, potentially spurring increased real estate activity. The average value of ..read more

Based on the tourism activity data for February 2024, the Portuguese property market, particularly in the tourist accommodation sector, exhibits robust growth and resilience, making it an attractive prospect for real estate investors. The sector witnessed a significant increase in guests (+7.0%) and overnight stays (+6.4%) compared to the previous year, with total revenue surging by 13.0% and revenue from accommodation alone up by 13.1%. These increases are reflective of a strong demand, especially in regions such as Grande Lisboa and Madeira, where average daily rates reached peak values. Add ..read more

For real estate investors evaluating opportunities within the Portuguese market, the recent February 2024 data on “Indices of Production, Employment, and Wages in Construction” provides valuable economic indicators. The Index of Production in Construction showed a year-on-year increase of 4.7%, a modest deceleration from the previous month, yet indicative of sustained growth in construction activities. This trend suggests a stable expansion in the construction sector, which is a critical component of the real estate market infrastructure. Additionally, the indices for employment and wages in t ..read more

The latest data shows that in 2023, the Portuguese real estate market demonstrated resilience with a continued increase in house prices, although the volume of transactions showed a significant decline. The House Price Index (HPI) observed an annual growth of 8.2%, albeit at a slower pace compared to the previous year, with existing dwellings appreciating faster than new ones. However, the total number of dwelling transactions decreased by 18.7%, marking the lowest level since 2017. Despite this downturn in transaction volumes, the increase in average transaction values indicates a robust pric ..read more

Faro, the capital of the Algarve region, stands as a testament to Portugal’s diverse cultural landscape, offering a unique blend of traditional charm and contemporary vibrancy. As the premier real estate agency in this region, Roca Estate Faro is committed to guiding you through Faro’s dynamic real estate market. This article aims to provide a comprehensive overview of Faro, from its rich cultural tapestry to its modern amenities, making it an ideal destination for those looking to invest in property or relocate. Join us as we delve into the heart of Faro, exploring its key attractions and rev ..read more

Porto, Portugal’s second-largest city, is a seamless blend of cultural richness and urban atmosphere. As Portugal’s leading luxury real estate agency, Roca Estate is proud to present this guide to Porto’s best attractions. From unique architectural wonders to the vibrant energy of its streets, Porto offers a diverse range of options. Whether you are considering a move to this vibrant city or looking to invest in its thriving Porto real estate market, this article will provide you with important insights into what makes Porto a unique and attractive destination. Porto: A City of Distinctive Cha ..read more

Welcome to this article, where we delve into a topic of great importance for families considering a move to Portugal: the education system. Portugal, with its rich history, vibrant culture, and stunning landscapes, has become an increasingly popular destination for expatriates from around the world. Understanding the local education system is crucial for those relocating with children, as it plays a pivotal role in ensuring a smooth transition for your family. In this guide, we aim to provide you with a clear and comprehensive overview of what you need to know about education in Portugal. From ..read more

Portugal, a land where the richness of history and the vibrancy of modernity converge, offers an enchanting tapestry of experiences for every visitor and potential resident. From the sun-drenched beaches of the Algarve to the historic streets of Porto, each region of Portugal presents a unique allure, characterized by diverse landscapes, a pleasant Mediterranean climate, and a cultural heritage that resonates in its architecture, music, and cuisine. This article invites you on a journey through Portugal’s most captivating regions, unveiling the charm and distinctiveness of each area, and provi ..read more

Roca Estate presents an enchanting exploration of celebrating Christmas and New Year in Cascais, offering a unique perspective for homeowners and investors. This article delves into the festive charm of Cascais, highlighting how its blend of traditional Portuguese customs and modern celebrations creates an exceptional holiday experience. From the vibrant Christmas Market to the grand New Year’s Eve festivities, Cascais emerges as more than just a holiday destination – it’s a lifestyle choice that combines cultural richness with investment potential ..read more