In a statement, the real estate agency said that "the demand for housing in Portugal maintained its growth trend", and that "in 2024, there was a growth of 14.5% in the number of transactions compared to 2023".

According to data from the company's Market Report 2024-2025, "there was an increase in the average price of homes sold by Engel & Völkers in all regions analysed, with the exception of the Lisbon and Oeiras, Cascais and Estoril, Lagos, Vilamoura and Tavira regions, which recorded a slight decrease compared to the previous year".

On the other hand, in the Faro region, there was "the largest increase compared to the previous year, around 44%, followed by Comporta with 27% and Albufeira with an increase of around 20%".

The company also pointed out that, in terms of price per square metre registered, Quinta do Lago is "the region analysed by the Market Report that records the highest price per square metre, reaching 12,800 euros/m2".

Guimarães is, in turn, "the region analysed that records the lowest price per square metre, around 1,700 euros/m2".

In terms of transactions and compared to 2023, "the regions of Setúbal, Vila Nova de Gaia and Lisbon saw the greatest growth".

In terms of foreign investment, Minho stands out as "the region with the highest percentage, representing 95% of the region's operations", with the largest investors in this region being the English, Germans and Swiss.

"The region with the lowest percentage of foreign investment is Vila Nova de Gaia", he indicated.

On the other hand, in the rental market, "the regions of Vila Nova de Gaia, Lisbon and Setúbal saw the greatest increases in terms of rental contracts", with Lisbon, Setúbal and Porto being the areas that saw an increase in the number of contracts compared to the previous year.

As for the price per square meter in the rental market, "the regions of Lisbon, Cascais and Porto record the highest price per square meter, reaching 15.93 euros/m2, 15.31 euros/m2 and 12.58 euros/m2, respectively".

Guimarães has the lowest price per square metre, where the price is around 6 euros/m2, she said.

For 2025, Daniela Rebouta, sales director of Engel & Völkers in Lisbon, Oeiras and Setúbal, anticipates, quoted in the statement, that "it will be a year in which the Portuguese market once again records moderate economic growth and maintains its trend in terms of both national and foreign investment".