According to a report by idealista it was in Braga, Funchal, Vila Real de Santo António, Amadora and Matosinhos where demand increased the most – in these five municipalities the number of visits to houses available for rent at idealista more than tripled.
In the final stretch of 2022, North Americans focused on looking for a house to rent in Lisbon, Porto and Cascais, corresponding to 28%, 12.2% and 8.4% of total visits in that period, respectively - In addition to these, Tavira, Braga and Loulé are also among those with the highest number of visits by North Americans in December. The municipalities that least attracted Americans to rent a house were São João da Pesqueira (District of Viseu), Arronches (Portalegre) and Penedono (Viseu).
In the rental market, the geographic focus of families coming from the US also changes depending on the type of home they are looking for. The greatest demand for villas for rent was registered in Cascais, Porto, Loulé, Tavira and Albufeira. Rustic houses for rent are most searched for in Tavira, Nazaré, Silves, Sintra and Caminha. With regard to rooms for rent, demand from North Americans is more significant in Lisbon, Porto, Cascais, Coimbra and Almada, data from idealista also reveals.
In October 2022, a new law came into force in Portugal that allows foreigners to work remotely from our country for one year. From then until January 2023, around 200 visas have already been issued for digital nomads. And US citizens are among the most likely to apply for these temporary residency permits for remote workers.