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Portugal first choice for US, French and Italian home buyers

Portugal first choice for US, French and Italian home buyers

Portugal was the country of choice for US, French and Italian nationals looking to buy a retirement or second home in Europe.
According to a study produced by ListGlobally, the largest online property platform in the world for house seekers, Portugal was the number one property investment destination for the French (34%), Americans (5.68%) and Italians (6.04%).
The study shows that despite the growing demand by foreigners for property in Portugal last year, these continue to look for good deals with investors seeking properties in the €318,889 price bracket.
The French and Americans were the groups which showed more willingness to buy homes that were more expensive with average prices of €218,000 and €318,000 respectively.
Between 2017 and 2018 the Italians were willing to increase their budget at the moment it came to buy in Portugal (+21%).

Read more in the Essential Business