A new study by Engel & Völkers has highlighted the top three regions in Portugal that create the most interest from property investors.

The demand for housing in Portugal continues to grow and there are areas that, for various reasons, arouse more interest from investors - both national and foreign. This is the case of tourist destinations, such as Lisbon, Comporta-Melides and the Algarve, which stand out as the most sought-after regions for investment, according to the company.

The study found that the demand for housing in the municipality of Lisbon stabilized at 8,000 transactions in 2022. Furthermore, the ‘increase in inflation and interest rates during 2022 did not affect the dynamics of demand’, even observing a slight increase in transactions. On average, international buyers account for around 13% of total housing purchases in the municipality of Lisbon, with a greater presence in the parishes of Santo António, Arroios, Estrela, Misericórdia and Avenidas Novas.

In addition, housing prices in the municipality of Lisbon continue to rise, with an increase of 14% in 2022, justified “by the interest of national and international buyers and the reduced supply of residential products”, says E&V.