Figures for this year’s first two months confirm an upward shift in the property market in Portugal, according to data from the Association of Professionals and Real Estate Companies of Portugal – APEMIP.
The overall demand for real estate has risen 30% over the same period for 2013.
In the words of Luis Lima, president of APEMIP, this dynamic will bring new life to the Portuguese property market.
"The increase in demand for purchase is increasingly apparent. The Golden Visa scheme and the tax regime for non-habitual residents are the major drivers of the increase, but it there is a new dynamic in the domestic market which also is waking up to the opportunities for investment that real estate provides," explains Lima.
In the two largest Portuguese growth areas have been in the Lisbon metropolitan area, recording an increase in demand of about 25%, and the metropolitan area of Porto seeing an increase of around 30%.
Figures relating to rural real estate transactions in Portugal also are experiencing a boom, a phenomenon very similar to one in the 1980s.
"The figures suggest that investment in the residential segment will grow in 2015. This is a realistic projection and not just a wish," said the president of APEMIP.
