In 2019, 8.5% of real estate sales in Portugal were made to non-residents, corresponding to 13.3% of the total sales value (8.2% and 13.0%, respectively, in 2018). After the significant increases both in number and in value in previous years (+14.5% and +19.2% in number and +22.2% and +22.6% in value, respectively in 2018 and 2017), in 2019 the number of real estates acquisitions by non-residentes decreased by 2.0%, having increased by only 1.0% in value.
In 2019, the average value of real estate sold to non-residents was EUR 176,429 (+3.1% vis-à-vis 2018). This value is 57% higher than the average value of total transactions, a relative difference similar to the one recorded in 2018.
As in the previous year, residents in France (18.1% of the total value), followed by residents in the United Kingdom (17.3%) were the main foreign buyers of real estate in Portugal. Among the main countries of residence of non-resident buyers, it is worth mentioning China, whose average value of real estate purchased by residents in this country (EUR 373,071) was more than double the total average value of real estate sold to residents abroad.
The average value of real estate acquired by non-residents for a price equal to or greater than EUR 500,000 reached EUR 923,016, increasing by 3.2% compared to 2018.
The Algarve has overtaken the Área Metropolitana de Lisboa, having represented 37.7% of the total value of acquisitions by non-residents (35.8% in the Área Metropolitana de Lisboa), as a result of the respective variations of +6.1% and -8.5%, compared to 2018.