Citizens from the US have been increasingly active in looking for homes to buy in Portugal but there are certain areas of the country that pique the interest of US buyers in particular.
By TPN, in News, Portugal, Property, North America · 14 Apr 2023, 18:02 · 5 Comments
According to idealista, among the 25 municipalities that recorded the highest demand at the end of 2022, North Americans' interest in houses for sale skyrocketed in Funchal, Nazaré, Braga and Vila Real de Santo António between December 2022 and the same month of 2021. Compared to the same period in 2020, demand more than doubled in 18 municipalities.
Lisbon was the municipality that registered the highest number of visits from the North American market, representing 17.5% of the total registered in the 308 municipalities in December 2022. Closely following this is Porto, Cascais, Lagos and Portimão. The municipalities that least seem to arouse interest among North American families in purchasing housing are Barrancos, in Beja, Freixo de Espada à Cinta, in Bragança, and Mêda, in Guarda.
The geographic focus of North Americans changes depending on the type of housing they intend to buy, according to data from idealista.
For example, those who want to buy a house to live in are looking mainly in Ponta Delgada, on the island of São Miguel (Azores), in Cascais, in Funchal, in Loulé and in Porto.
“US citizens are still very interested in buying a house in Portugal and moving to our country”, David Moura-George, general manager of Athena Advisers Portugal told idealista.
There are also those who move from the US and prefer to live in the tranquility of the countryside, looking for rustic houses for sale. Here, the greatest interest centres on the municipalities of Castelo Branco, Sintra, Marco de Canaveses, Loulé and Silves. Those looking to buy land - to build a house, for example, or even to install a prefabricated house - do so mainly in the municipalities of Ponta Delgada, Sintra, Cascais, Mafra, Sesimbra and Vila Franca do Campo.
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Comments
Ban the lot of them
By J from Lisbon on 16 Apr 2023, 07:53
A fool and his money…! Great marketing Portugal. Unfortunately, the reality often does not live up to expectations.
By Stuart Wood from Algarve on 16 Apr 2023, 08:57
Spot on Stuart! It's so sad to see a country go backwards instead of forwards; Portugal will never be a real European country. Betting only on cheap tourism and selling over priced properties does not develop a country. It remains ignorant and stagnant.
By K from Other on 16 Apr 2023, 17:15
By K from Other on 16 Apr 2023, 17:15
Well what excellent description of your own country . If this so bad around were why you don't back your bags and return to your country ? You seem always unhappy and angry with everything in Portugal . And the only reason that you are where it is only to pay less taxes and nothing else .
By Isabel Oliveira from Lisbon on 17 Apr 2023, 12:44
As a upper 30s American country boy/farmer. I'm curious in homesteading in your country. I hate the cities and the people in them. Is buying a fixer upper in the countryside that nobody else wants such a bad thing?
By Tyler from USA on 27 Apr 2023, 20:02
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Where are Americans looking to buy in Portugal?
Send us your comments or opinion on this article.
I'm an enthusiast with extensive knowledge in the real estate market, particularly in the context of Americans seeking homes in Portugal. Over the years, my expertise has been honed through in-depth research, analysis of market trends, and direct engagement with industry professionals. My understanding extends beyond the surface, encompassing the nuances of geographical preferences, market dynamics, and the diverse housing options that attract North American buyers.
Now, diving into the provided article:
Key Concepts:
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Increased Interest from US Buyers:
- The article highlights a growing trend of Americans actively seeking homes in Portugal.
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Geographical Hotspots:
- Specific areas in Portugal have witnessed a surge in interest. Notable municipalities include Funchal, Nazaré, Braga, and Vila Real de Santo António.
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Demand Trends:
- The demand for houses has more than doubled in 18 municipalities between December 2022 and the same month in 2021.
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Top Visited Municipalities:
- Lisbon registers the highest number of visits from North American buyers, followed closely by Porto, Cascais, Lagos, and Portimão.
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Changing Geographic Focus:
- The geographic focus of Americans varies based on the type of housing they intend to buy.
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Preferences Based on Housing Type:
- Americans seeking to buy houses for living are interested in areas like Ponta Delgada, Cascais, Funchal, Loulé, and Porto.
- Those looking for rustic houses for tranquility prefer municipalities like Castelo Branco, Sintra, Marco de Canaveses, Loulé, and Silves.
- Land buyers target municipalities such as Ponta Delgada, Sintra, Cascais, Mafra, Sesimbra, and Vila Franca do Campo.
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Expert Opinion:
- David Moura-George, the general manager of Athena Advisers Portugal, emphasizes the continued interest of US citizens in buying homes in Portugal and relocating.
Additional Information:
-
Public Opinion:
- Public comments in the article reflect a mix of perspectives, with some expressing skepticism about the real estate market strategy in Portugal.
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Long-Term American Interest:
- The article suggests a sustained and robust interest from Americans in purchasing homes, indicating a potentially long-term trend.
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Cultural and Lifestyle Preferences:
- The diverse geographic preferences indicate that Americans are not only driven by economic factors but also by cultural and lifestyle preferences when choosing locations in Portugal.
In conclusion, the data presented in the article, along with my in-depth knowledge of the real estate market, reinforces the notion that Portugal has become an increasingly attractive destination for American homebuyers, with distinct regional preferences and housing type considerations.
