Analysis of property prices in Portugal in 2022

How have property prices changed in Portugal as 2022 approaches? What impact has the coronation crisis had on the local market? We understand, preparing to issue a European residence permit for investment in the Portuguese real estate (golden visa).

The Portuguese golden visa is one of the most popular investment immigration programs in the global market. There are many good reasons: simple process, granting an EU residence permit with a quick transition to citizenship, the right to live in a stable and safe country.

One of the most often overlooked aspects of the Portuguese gold visa is investment. Yes, Portuguese residency and citizenship can be life-changing. But a lucrative investment allows the expat to significantly multiply the bonuses.
Real estate in Portugal

Since the most popular asset when applying for a Portuguese residence permit for investment is real estate, let us study the dynamics and current level of property prices in Portugal.
How big are the real estate prices in Portugal

Property prices in Portugal at the beginning of 2021 slightly increased, in spite of the Covid-19 pandemic. Specifically, according to official data from the Portuguese Statistical Office (INE), the average residential property price in Portugal rose 7.8% year-over-year in Q4 2020. The agency’s statistics say that Porto registered the highest annual growth rate of the median price tag (+ 21.2%) in Q4 2020.

The table below shows property prices in Portugal at the level of the largest cities in the European country, providing an idea of the costs associated with investing in a gold visa.
Location / Price of real estate in Portugal (€ / m²) at the end of the fourth quarter of 2020
Braga 1 032
Porto 2 142
Vila Nova de Gaia 1 315
Coimbra 1 407
Amadora 1 667
Lisbon 3 377
Funchal 1 724

(с) According to Oldypak Capital LP report

Below are the median property prices in Portugal at the level of individual municipalities observed in the fourth quarter of 2020. The definition of “median value” reflects a number in an ascending/descending sorted list of price tags dividing all price tags from a given list into two equal parts: half below the median value and half above.

Estimated prices of real estate in Portugal formed by banks are used when granting loans / mortgages. These price listings can differ from the sales price of a property in Portugal.

According to Oldypak Capital LP report, the highest real estate prices in Portugal (2 thousand euros and above) are observed in the municipalities, part of which are relatively large cities: Faro, Funchal, Tavira, Porto, Odivelas, Lisbon, Lagoa, Cascais.

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