Portugal’s luxury new homes market draws the attention of investors in Monaco

A recent feature in Monaco Voice has shone a spotlight on Portugal’s rapidly growing luxury new homes market, with increasing numbers of international investors looking beyond traditional prime destinations in search of value, lifestyle and long-term growth.

While Monaco remains one of the world’s most exclusive real estate markets, its limited supply continues to drive investors to explore alternative opportunities across Europe.

According to research highlighted in the Monaco Voice article, Portugal has emerged as one of the continent’s strongest-performing luxury residential markets, with median property prices rising by 17.9% year-on-year – significantly ahead of the European average.

Prime locations including Lisbon, Cascais, the Algarve, Comporta and Porto continue to attract affluent international buyers, supported by strong demand and a restricted supply of high-end developments. Unlike Monaco, where geography limits expansion, Portugal’s constraints are largely driven by planning regulations and infrastructure controls, helping maintain exclusivity in sought-after areas.

Paul Stannard, Founder and Chairman of Portugal Pathways and the Portugal Investment Owners Club, notes that Portugal has evolved into an established international destination for both residency and investment.

"What we are seeing is UHNWIs, in the likes of Monaco, investing in high-end exclusive new homes and developments," he explains. "Given the growth in property values over the last few years, the market growth is clearly there, while planning restrictions and limited supply mean most are snapped up off-plan.”

The Monaco Voice feature also highlights Portugal’s continued appeal as a residency destination. Although real estate is no longer a qualifying route under the Portuguese Golden Visa programme, eligible investors can still apply through regulated investment funds.

The programme remains attractive for those seeking European residency, greater international mobility and a long-term Plan B without the need to relocate permanently.

For Monaco-based investors, the flexibility of the programme is particularly appealing, requiring only limited physical presence in Portugal each year while providing access to the Schengen Area.

To read the full Monaco Voice article and explore why Portugal is increasingly attracting international wealth and investment, click here.

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About Portugal Pathways

‍‍Portugal Pathways has supported hundreds of Golden Visa residency-by-investment applications and provides expert guidance through its professional supply chain network on estate planning, wealth management, Golden Visa and tax optimisation, including post-NHR / IFICI tax regime planning, as well as private healthcare, money transfers and bespoke relocation and luxury real estate solutions to enhance life and investment in Portugal

Disclaimer: The information on the Portugal Pathways and Portugal Investment Owners Club (P Club for short) websites and in email communications is for general informational purposes only and should not be construed as legal, tax, or financial advice. You should consult and check with a qualified professional advisor before relying on any information provided on this website or in email communications. As it relates to investments in Golden Visas or other wealth management solutions offered by regulated and professional advisors, it is important to note that past performance is no guarantee of future returns. Private equities can be highly illiquid and come with risk and should always be under professional independent advice. Golden Visa investments need to be held for 6 to 7 years to allow for permanent citizenship/passport in the EU.

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