en 
In the 12 months ending in September 2022, houses sold in
Portugal represented a median of 1,446 euros per square meter.
Between October 2021 and September 2022, the median value of
family housing transacted in Portugal involving buyers with tax domicile abroad
was 2,250 euros per square meter, according to INE data.
In the case of transactions by buyers with tax domicile in
Portugal, the square metre cost 1,415 euros. Houses bought by non-residents are
835 euros (+50%) more expensive than those bought by residents.
In an analysis by city, Lisbon is where the “biggest
difference” can be seen between the median price of transactions made by
non-residents and residents: foreigners paid 5,294 euros/m2 and residents 3,643
euros/m2.
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More like they are pushing the prices up by 50% and making it unlivable for the locals.
By Manuel Da Cunha from Lisbon on 04 Feb 2023, 01:16
The more important followup to this item is to answer the question: Are the prices higher because foreigner's are not educated on local conditions and think the properties are cheap; or because they buy newer, higher end finishes?
By Nancy Whiteman from Algarve on 05 Feb 2023, 11:46
Agree, totally pricing the locals out of the market by paying ridiculous money for sub standard construction simply to hide money from taxes in their own countries, which of course is totally sanctioned by the government here!
By Stuart Wood from Algarve on 05 Feb 2023, 12:37
The figures are totally misleading as they're not adjusted for mix or location. Foreigners are more likely to buy in expensive areas (Lisbon, Porto, Algarve) and more likely to buy high-end properties. It's not the case that foreigners are paying 50% more for similar properties in similar locations. That doesn't stop the embittered and 'entitled' people on here blaming their misfortunes on foreigners buying property in Portugal. The world doesn't owe you anything, and you only get out of life what you put into it.
By Billy Bissett from Porto on 06 Feb 2023, 11:01
I have seen the same behaviour in other places we have lived. In poker terms, buyers need to keep their cards close to their vests, because if you offer 50% more for a property than it's worth, the seller will gladly take it. STOP being so naive. The agents work for the seller, so if you spill your guts to them, you can be sure they will run as fast as they can to the seller and tell them to raise the price, or refuse your initial offer, because you have already showed your hand to the table! This is part of the reason this publication--funded by ads from realtors and investors--is stoking the fire and artificially raising prices. Then, when you decide you are ready to move on to the next big thing, you are going to be stuck with your overpriced abode.
By Tia from Lisbon on 06 Feb 2023, 16:31