Lisbon was the principal destination for real estate investment, attracting 53% of the total amount traded in the first eight months of 2021, equivalent to more than 641 million euros, also leading the number of operations (21).
Nevertheless, there is now a greater diversification of investor targets. The second largest city in the country – Porto, continues to consolidate as an alternative to investing in Lisbon, attracting approximately 167 million euros during the period analysed, 14% of the total.
However, in 2021 the Algarve is proving to be the great revelation, where at least three notable operations have been confirmed, altogether amounting to nearly 189 million euros, and placing Portugal’s most southernmost region in second place on the podium. This positive performance is explained by a growing focus on hotel acquisitions, as this is one of the country’s principal tourist destinations.
The remaining 17%, or 208 million euros, channeled to real estate investment in Portugal until the end of August was distributed across the rest of the country.