by buymeprestige 
Considered the 7th most international luxury residential market in Europe, according to a report by Knight Frank, Portugal once again takes the podium when it comes to international destinations most sought after by foreigners to live.
Portugal has always convinced those who visited us that it would be the ideal place to buy the second home and that holiday home they’ve always dreamed of. The reasons that lead foreigners to choose the small country on the Iberian Peninsula to live include the low cost of living, environmental diversity (beach, mountains, snow, cosmopolitan city, etc.), gastronomy, golf, birdwatching, extreme activities such as surfing, etc., and increasingly known internationally, Portugal currently has the seventh position in the ranking for the purchase of luxury homes.
But who buys more luxury homes in our country? The main foreign owners are the British, followed by the French. And this year, a new group appears in the list of the biggest buyers: digital nomads have also been responsible for boosting this market in recent years.
According to The Wealth Report 2023 – the annual report by international consultancy Knight Frank that offers a perspective on world wealth, prime real estate, investment and global trends – France has the most international luxury residential market in Europe, followed by Spain, Italy, UK and Greece. In this list that brings together the 10 most international prime residential markets in Europe, Portugal appears in seventh place.
Looking at the countries of origin of luxury homeowners in Portugal, the same report indicates that foreigners from the UK, France, the Netherlands, the USA and Spain own more high-end homes in our country.
Our country shows few signs of slowing down in terms of the real estate market and, moreover, it is public knowledge that several technology companies are opening offices in Lisbon, so the market seems ready to attract an even greater number of investors between 2023 and 2024.
So we hope that it will come true and the BUYME guarantee is that we will continue to work day after day to provide the best real estate experience to our buyers, owners and investors.