Demand for homes skyrockets in Portugal
Data from Imovirtual reveals that the demand for homes to buy in Portugal grew by 150.4% between February and April 2026, compared to the same period last year.
According to the same entity, “the growth was consistent throughout the three months analysed, with March standing out as the month of greater intensity, concentrating 38.4% of the quarterly demand for 2026 and registering a year-on-year growth of +173.5%. February represented 34.1% of the total (+162.6%), and April closed with 27.5% of the demand (+113.0%).”
The data also shows that demand for properties in large urban centres increased, even as there is an “accelerated growth of new centres of interest.” Lisbon continues to lead national demand, “concentrating 23.2% of searches in 2026, followed by Porto with 21.0%.” However, it is in Porto that the largest increase in property demand is recorded. In total, the Porto district recorded a 21% increase in demand and registered “a year-on-year growth of +170.8% in the number of searches, reinforcing the growing relevance of the Porto metropolitan area in the Portuguese real estate market.”
Demand by municipalities
Regarding municipalities, Vila Nova de Gaia continues to be the most sought-after municipality, “representing 5.37% of the national total, followed by Lisbon with a very close value (4.97%) and Sintra (4.28%).” The municipality of Porto “also stands out for the highest growth among the main municipalities, with an annual increase of +214.6% in the number of searches.”
Sylvia Bozzo, Marketing Manager at Imovirtual, quoted in the press release, reveals that “the very significant growth in demand shows that the market remains quite dynamic and that buyers are increasingly attentive to opportunities in different geographical areas. Although Lisbon and Porto maintain a very relevant weight, we see new areas gaining prominence and a growing interest in larger property types, demonstrating that space, comfort, and quality of life remain important priorities in the purchase decision. At the same time, this acceleration in demand makes the market more competitive and requires greater speed and decision-making capacity on the part of buyers.”
Reference link: https://www.theportugalnews.com/news/2026-05-19/demand-for-homes-skyrockets-in-portugal/1024257
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