Upward Price Trajectory For Portugal Real Estate

The newly published May 2025 Portuguese Housing Market Survey from RICS has observed steady buyer demand and an upward price trajectory for Portuguese real estate. It's the sixth consecutive month that RICS has recorded a positive net balance for new buyer enquiries.

Market conditions are underpinning strong price growth, with the May 2025 price indicator sitting at +30% (up from +28% in April). Looking forward, the “upward trend is expected to persist over both the three-month and twelve-month horizons,” according to the report.

The significant supply and demand imbalance in many areas of Portugal means that there remains an unmet need for new homes, particularly for luxury homes in key locations, such as the Algarve.

The imbalance of supply and demand is resulting in new homes coming to the market being snapped up fast, as the Algarve’s prestigious Vale do Lobo resort is demonstrating. There, the launch of a limited collection of branded residences – the first to be built by the resort in two decades – has seen buyers rush to purchase the elegant new properties, which are now under construction. The Residences Vale do Lobo is approaching 50% sold, just weeks after it was officially launched to the market last month.

A sophisticated mix of townhouses, apartments and linked villas set alongside Vale do Lobo’s famous Royal Golf Course, The Residences Vale do Lobo occupies a premium location within the resort. The properties blend an attractive real estate investment opportunity with Vale do Lobo’s unparalleled lifestyle offering, meaning primary and secondary home buyers, as well as investors, have moved fast in order to secure their desired properties.