In written statements to Lusa, Ayres Neto, managing partner of the agency in Portugal, explained that "the Portuguese real estate market is very dynamic and has been growing exponentially in recent years".

According to the official, "Portugal is one of the favourite destinations for foreigners to live and invest, so when The Agency defined its expansion plan, Portugal was one of the first countries to emerge as a priority", he said, stressing that the luxury market has been growing nationally.

Ayres Neto highlighted that Portugal has high skills in the English language. In addition, it is sought after "for its climate, security, economic and social stability, gastronomy, cultural offer, and unique nature", he said, also pointing to "public and private education, and a public and private health system of high quality", as well as safety.

Gateway to Europe

In addition, he highlighted, "it offers a gateway to Europe, especially for citizens of other continents".

According to the official, The Agency is in Portugal "with ambitious objectives" and with a "multicultural and multilingual team, of more than 12 different nationalities, who speak 13 different languages".

Ayres Neto said that the objective for the first month of activity is "100 properties raised, with a total value of 200 million euros", and that the company will "start its path with a team of around 30 consultants".

In Portugal, the first real estate office is located in Barata Salgueiro, close to Avenida da Liberdade, in the capital, as the group believes that the greater Lisbon area is its main market.

“Portugal is not just Lisbon”

"However, Portugal is not just Lisbon and there are many regions with differentiated offers that are attractive to The Agency's clients. That is why, at this moment, our company will be represented both in the Algarve and further north, with agents in these geographical areas", highlighted the official.

For the first year, he indicated, "the expectation is huge", with the objective of "exceeding the 1,000 properties raised, with an approximate value of 500 million euros and a turnover objective of six to eight million euros".

In addition, also in the first year, the company wants to expand its presence on the mainland, that is, "to open more physical offices, the second being planned for Cascais and then, in 2024", The Agency arrives in the Algarve and also to Porto.

The Agency, founded by Mauricio Umansky, is currently present in the United States, Canada, Mexico, the Caribbean, and Holland, "either with its own offices or in a 'semi-franchise' regime", according to Ayres Neto.