Portugal Sotheby's transactions increase by 34% and revenue rises by 40% until May

«The luxury real estate market in Portugal continues to show robust performance, reflecting both national and international demand», reads a statement issued as part of the «Mid-Year Luxury Outlook 2025» report, released today by Portugal Sotheby's International Realty .

Regarding the nationalities of buyers and investors, Portuguese people represented 50% of transactions up to May, followed by buyers and investors from the United Kingdom (11%), the United States (9%) and Brazil (6%).

For Sotheby's, this data shows Portugal's consolidation as an "attractive destination for both residents and international investors in the luxury real estate segment."

The real estate agency highlights Lisbon, Cascais, Estoril, Oeiras, Porto, Algarve and Madeira as «areas that continue to capture the interest of national and international buyers and investors due to their privileged location, quality of life, proximity to the sea and consistent appreciation of assets».

«In Porto, demand is driven by French, North American and Brazilian people, many of whom start their journey with luxury one and two-bedroom properties in the historic center, later moving on to larger and more expensive houses or apartments», he explains.

In the Algarve, Sotheby's notes that the opening of a new direct air route with the United States «is fueling growing interest from the North American market», while Madeira «stands out for the increased demand from families and citizens from the United States and northern Europe, who value safety, the mild climate and high construction standards».

As for Lisbon and greater Lisbon, he says that national and foreign demand “remains balanced, with a strong preference for properties with outdoor spaces and a central location (or in emerging areas, such as Marvila)”.

“These regional dynamics confirm that Portugal continues to assert itself as a destination of excellence in the luxury segment, benefiting from a solid base of trust, construction quality and fiscal and cultural attractiveness for demanding investors”, concludes the real estate agency.

Quoted in the statement, the executive chairman (CEO) of Portugal Sotheby's International Realty states that the activity data for the first half of the year «reinforces the attractiveness and resilience of the luxury real estate market in Portugal».

“The confidence of international investors, combined with consistent demand from domestic clients, has allowed not only an increase in the number of transactions, but also an increase in the average value of properties transacted. These results demonstrate the maturity of our market and consolidate Portugal’s position as an excellent destination in the global real estate landscape,” says Miguel Poisson.

The Mid-Year Luxury Outlook 2025 report draws on insights from Sotheby's International Realty offices around the world specializing in transactions in the $10 million-plus price category (around €9.3 million).