The number of Brazilians settling in Portugal continues to grow. According to the Association of Professionals and Real Estate Mediation Companies of Portugal (Apemip), foreigners account for 20% of the real estate market in Portugal and Brazilians are holding their own against the French. However, when it comes to the luxury market, Brazil comes first.
According to a study carried out by Luxury State, Brazilian buyers are most interested in high-end real estate with an available capital of approximately 1.85 million euros.
“We have identified several profiles of Brazilian real estate investors and we believe that Portugal has succeeded in meeting this demand,” said the CEO of one of the most Brazilian-receiving real estate agencies in Portugal. The country has been able to offer a very diversified range of luxury properties with apartments, houses and land, which allows it to stand out among this public looking for high-end properties.
Buying real estate in Lisbon or elsewhere on the luxury market interests many nationalities, about 27 to date. The same luxury company has sold around 45% of its properties to Brazilian buyers, which has established itself as the largest foreign market.
In the field of high-end real estate, be it for renting luxury villas in Portugal or buying property, proximity to the public is one of the key factors of success. Just like the proximity with foreign nationalities or the knowledge of their needs & desires.
Recently, the leading real estate group has entered into a partnership with Oaktree Capital Management, one of the world’s largest alternative investment managers and will receive a financial contribution of more than 500 million euros. The capital will be invested in the company’s expansion in Portugal.
Given the Brazilian craze for luxury real estate in Portugal, it is worth noting that a property in Rio de Janeiro or São Paulo can be used as a 50% contribution towards the purchase of an apartment in Chiado or Alfama in Lisbon, in the development of Pátio das Oliveiras in Porto or in a house in one of the country’s few closed condominiums located in Porto, in Vila Nova de Gaia.
It can be noted that the country is also developing a lot from the point of view of luxury hotels in Portugal, which are numerous and offer high quality services that are very competitive with other European capitals. An infrastructure that offers the country its luxurious image and that participates in attracting foreign investors.
