US Citizen Residency in Portugal Jumps 36.3% in One Year
The number of United States citizens officially residing in Portugal has increased by 36.3%, growing from 14,129 in 2023 to 19,258 in 2024, according to newly released figures from the Agency for Integration, Migration, and Asylum (AIMA). This significant demographic shift aligns with recent reports from property developers and market analysts pointing to a sharp rise in American interest in the Portuguese real estate sector. The data suggests a strong correlation between the growing expatriate community and increased foreign investment in property across the country, particularly in sought-after regions like Lisbon, Porto, and the Algarve.
This trend is supported by improved transportation links between the two countries. The recent launch of a direct flight route from New York to Faro in May 2025, which serves the popular Algarve region, adds to existing direct connections to Lisbon and Porto, making Portugal more accessible to American travelers and potential residents. Market analysis from the international real estate consultancy Savills further contextualizes this movement, identifying Portugal as Europe's second fastest-growing market for real estate investment volumes during the first quarter of 2025. This economic indicator, combined with Portugal's renowned lifestyle benefits, has positioned the country as a prime destination for US citizens. For those considering a purchase, it is wise to consult with legal experts specializing in due diligence to ensure a secure transaction.
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Alda Filipe, Regional Director and Partner at Iberian developer Kronos Homes, commented on the data, stating that the increase in American residents is mirrored by a rise in property inquiries and purchases from US buyers. She explained that Portugal's diverse residential offerings cater to a wide range of objectives, from primary homes and vacation properties to long-term investments. The availability of properties spans from fully furnished, move-in-ready homes to off-plan developments that allow buyers to secure current market prices. This variety provides American buyers with a wealth of options tailored to their specific needs. Further insights into investment strategies can be found in our investment and strategy guides.
Filipe also highlighted a key facilitator for this trend: the high level of English proficiency within Portugal. She noted that the widespread use of English in the business and real estate sectors simplifies the purchasing process for American buyers, making it more straightforward than in many other European nations. This linguistic advantage, combined with the country's appealing property market and quality of life, is expected to sustain the growing interest from the United States. Investors looking for specific opportunities may find our information on agents specializing in investment properties particularly useful. Get expert guidance for international property buyers at realestate-lisbon.com.