Current status and outlook for the real estate market in Portugal in 2024

The Portuguese real estate market will go through a transition phase in 2024, marked by a recovery in demand and cautious optimism, despite the volatile environment. After a drop in sales at the beginning of the year, the second quarter of 2024 brought a recovery, with an increase in transactions and prices, reflecting higher demand and lower interest rates.

However, this dynamism is not without its challenges. The discrepancy between high prices and purchasing power remains, especially in large urban areas. Lisbon, for example, is more affordable than Madrid in absolute terms, although the cost of living and purchasing power impact investors’ perceptions. The market is expected to stabilize for the rest of the year, suggesting moderate growth, with new projects emerging in tourist and luxury areas, where demand remains high.

By 2024, Portugal is positioning itself as an attractive and diversified destination for real estate investments, consolidating itself with an offer adapted to the interests of a constantly evolving global market.