Why Portugal Continues to Attract Investors and Tourists in 2023

As 2023 comes to an end, Portugal continues to entice real estate investors and tourists alike, especially in popular areas like Lisbon and the coastal town of Cascais. The country boasts an affordable and steadily appreciating property market. They are strategically situated to offer optimal rental income and holiday potential.

Economic Resilience makes Portugal appealing for investors

Portugal's economic resilience, including a reduced deficit equivalent to 0.4% of its GDP in 2022 and a 2.2% national GDP growth, establishes a stable landscape for investments. Additionally, the country encourages foreign business and investments through favourable policies.

Robust Tourism and Expat Community drive long-term rental demand

Portugal's expat community has doubled in number in 10 years. The thriving tourism industry and this rise in international resident numbers propel interest in Portugal’s long-term rentals. For property owners and buy-to-let investors, this presents a lucrative opportunity supported by the government through investment incentives and entrepreneurial programs.

A sunset over a body of water with a lighthouse in the distance.

Lisbon real estate Sales Outpace national average by over 300%

Both housing sales and sales totals continue to surge nationwide, affirming investor confidence. Reports show Lisbon real estate sales reaching 306.77% above Portugal’s baseline average, signifying lucrative prospects exist in and around this world-famous capital.

Portugal’s Lifestyle and Culture attract visitors year-round

Beyond favourable market indicators, Portugal lures tourists during high and low seasons with its Mediterranean charms, renowned cuisine, and overall quality of life. The symbiotic relationship between the country’s vibrant culture and property landscape cement its status as a premier living and investing haven.

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