Property report sees real estate values rising in Portugal yet again

Luxury real estate in Portugal is once again seeing a rise in prices, according to a new report.

According to the latest RICS/Ci (Confidencial Imobiliário) Portuguese Housing Market Survey, prices across the country are expected to continue to climb over the coming months.

It once again underscores the nation’s attractiveness to foreign investors, with the likes of Lisbon and Porto proving particularly in-demand.

The survey polls a host of real estate professionals to gauge how the market is performing and changing trends.

The report says the shortage of properties coming onto the sales market “appears to have pushed prices higher, with the latest net balance rising to +33%” (meaning 33% of those responding have seen an uptick in prices), noticeably above the levels recorded in the previous two months.

The report adds: “This strengthened aggregate reading is supported by firmer feedback from both Lisbon (+40%) and Porto (+35%), while the Algarve remains in neutral territory.

“Upward momentum in house prices is expected to persist over the next three months, with price expectations registering a firm +23%, underscoring the sustained confidence surrounding near-term pricing trends.”

Ricardo Guimarães, director of Ci, explains: “The number of housing transactions have been steady since the beginning of 2025. Nevertheless, prices are reaching new highs, with Confidencial Imobiliário’s House Price Index posting a 21.6% year-on-year increase in August.”

Paul Stannard, Founder and Chairman of Portugal Pathways and the Portugal Investment Owners Club, added: “The demand for premium properties in Portugal has been steadily increasing.

“While real estate is no longer a pathway to a Golden Visa, the residency-by-investment programme is more popular than ever, and high-net-worth individuals, and their families, are seeking to live life to the fullest when in Portugal by taking advantage of the luxury properties available.

“However, there remains a need for more affordable homes for the local population which would ease the price pressures.”

Tarrant Parsons, head of market analytics for RICS, added: “Growth projections for the Portuguese economy remain strong.

“Supported by a healthy labour market, solid income growth, and improving business and consumer sentiment, the Portuguese economy appears well-positioned relative to its European peers.”

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About Portugal Investment Owners Club

The Portugal Investment Owners Club, or P Club for short, is a unique investor membership community designed for discerning individuals, families, and organisations committed to exploring and capitalising on life in Portugal and enjoying money-can't-buy experiences and exclusive events.

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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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