China, Brazil and France are the most relevant nationalities in housing demand in Portugal by foreigners, according to a new study.
According to the ‘Living Destination’ study, by real estate consultant JLL using 2019 data, in the Lisbon (pictured above) housing market, demand from China and Brazil was the highest, 17% each.
In 2012, the biggest demand in the Portuguese capital was from France and Angola (both with 16 %), according to JLL. In the northern city of Porto, the highest demand is from French nationals, with 19%, followed by Brazilian (15%).
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Housing demand was also highest by French citizens in the Algarve (28%), ahead of the United Kingdom.
The study estimates that the weight of foreign nationals in housing supply doubled until 2020, and is now close to 11% of homes sold in Portugal.
