In 2017, 7.7% of real estate sales in Portugal were made to non-residents, corresponding to 11.5% of the total sales value (7.3% and 12.5%, respectively, in 2016). Sales of real estate to non-residents increased by 19.2% in number and by 22.6% in value, vis-à-vis 2016 (+11.4% and +4.6%, in the preceding year). As in the previous year, residents in France (19.6% of the total value), followed by residents in the United Kingdom (16.2%) were the main buyers of real estate in Portugal.
The average value of real estate sold to non-residents in 2017 (EUR 160,407) was almost 50% higher than the average value of global transactions (EUR 107,381). In the same year, 6.8% of real estate sold to non-residents had a unit value equal or higher than EUR 500,000 and corresponded to 36.3% of the total sales value.
More than ¾ in value of acquisitions of real estate by non-residents were located in the regions of Algarve (42.8%) and Área Metropolitana de Lisboa (35.0%). The latter accounted for the highest average value of acquisitions (EUR 276,8 thousand).