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Drone view of Praia da Marinha

 

Portugal's tourism sector brought more money in than ever before in 2023 and is expected to continue to grow.

CGI of luxury villa with pool

 

Portugal's property market has seen many ups and downs in the past year, but what does 2024 hold?

Apartments with gardens

 

More than a third of Local Accommodation (AL) properties could be removed from the market after the Portuguese government demands proof of activity.

Hanging chair with plant by the side on pool edge

 

 

Real estate investment in Portugal has dropped by 48% in a year, with residential investment starting to cool in 2023.

Algarve villas on a hillside amongst mature gardens

 

Just two months after reaching a record high, new data shows a decline in the median value of bank appraisals. The Algarve still leads in terms of highest value.