Research from Idealista has analysed the international origins of buyers looking for high end properties in Portugal, and found that buyers are coming from across the globe however, there are some countries that stand out in the number of buyers attracted to Portugal.
Spanish buyers (11.7 percent) are those who are carrying out the most number of searches for luxury properties priced at over €1 million in Portugal, followed by the British (11.6 percent), North Americans (9.7 percent), French (9.5 percent) and Germans (8.9 percent).
This international interest in luxury properties in Portugal is mostly concentrated in six districts, which accumulate 88.8 percent of visits to the real estate site looking for luxury homes for sale in the country.
The different districts also demonstrated different trends in terms of the nationalities looking to invest, with the Spanish favouring the capital, while the Brits continue to look to the Algarve.
The data, broken down by district, reveals that Lisbon is the preferred area for foreign investors, as 40 percent of international searches for high-end properties are concentrated in this district. The main interested in this luxury product are the Spanish (13.0 percent), North Americans (11.1 percent), British (10.8 percent), Brazilian (10.4 percent) and French (7.1 percent).
The next most popular area of the country is the Algarve, where it is the Brits who are most interested in high end properties (12.9 percent), Dutch (11.5 percent), French (10.5 percent), German and Spanish (10.0 percent in both cases).
The third position in the ranking goes to Setúbal, where German buyers are looking most (15.1 percent), Spain (14.1 percent), United Kingdom (11.7 percent), France (10.5 percent) and United States (7.6 percent).
In Porto the Spanish are looking for properties here the most, while in Madeira it is the British who are interested in luxury property and finally in Braga it is the French who are topping the rankings when looking at the high end real estate market.