Top International Buyers in the Algarve are British
International Buyers Market Guide in Portugal & the Algarve
Introduction
In 2022, international buyers spent more than €3 billion on property in Portugal.
Our calculations suggest that this equates to approximately 20,000 – 22,000 real estate transactions, assuming an average purchase price of €150,000.
42% of all transactions were made in the Algarve region of Portugal.
60% of all transactions were made by buyers using the English language.
Please Note: Not all English-speaking buyers are from the UK –
Buyers in English also include buyers from the USA, Ireland and those who use English as a second language.
15% of the total property buyers came from the USA.
Buyers made 13% of transactions using the French language.
20% of the international buyers contacted agents while they were in Portugal.
The following graphs show the location of buyers at the time of consultation, the average property price queried, and the percentage of Gross Market Value (GMV is an estimate of the total transaction value).
Location of buyers at the time of consultation.
English is the Language Most Used by International Buyers.
English is the Language Most Used by International Buyers.
However, there have been enquiries in over 50 foreign Language variations other than Portuguese, covering 92% of all property purchases.
The top 10 language and country variations below represent 68% of all enquiries and 67% of the gross market value.
The top 10 language and country variations.
English is the dominant search language for international buyers in Portugal, with 57% of all enquiries and 65% of the overall gross market value.
English is the dominant search language.
The top ten locations listed below attracted approximately 84% of all enquiries and almost 90% of Portugal’s gross market value.
The top ten locations for Portugal property sales.
Mark McLoughlin: A Passionate Explorer of Algarve’s Rich Heritage
For over 20 years, Mark has called the Algarve home, immersing himself in its landscapes, culture, and history. His passion lies in sharing the region’s stories through writing, photography, and guides for those who live here or dream of making the Algarve their home.
As a Level 10 Google Local Guide, Mark has contributed extensively to showcasing the Algarve’s hidden beaches, historic towns, and local gems, helping both residents and visitors discover the best of this southern paradise.
🔗 mark-mcloughlin.com
