Remax Portugal Reports 22.8% Price Volume Surge in Q3 2025, Lisbon Leads Market

In a compelling display of the Portuguese property market's enduring strength, Remax Portugal announced that its third-quarter sales volume for 2025 surged to an impressive €2.29 billion. This figure represents a remarkable 22.8% increase in the total value of transactions compared to the same period in 2024, a clear indicator of robust price appreciation and sustained investor confidence. The growth in the number of transactions was more modest at 6.6%, signifying that rising property values were the primary driver of the record-breaking quarter.

The geographical breakdown of sales underscores the pivotal role of Portugal's urban centers. The Lisbon district continues to be the undisputed leader, capturing 31.2% of the total sales volume. This heavy concentration of activity reaffirms the capital's status as the premier destination for real estate investment, attracting both domestic and international capital. Following Lisbon, the districts of Porto (14.0%) and Setúbal (11.6%) confirmed their positions as secondary, yet vital, economic powerhouses. For investors, this data reinforces the strategic importance of focusing on these key metropolitan areas where economic activity and population growth are most pronounced.

Beatriz Rubio, CEO of Remax Portugal, commented on the results, stating, "The third quarter of 2025 confirmed the sustained growth of RE/MAX Portugal in all activity indicators... Even in a context of supply scarcity, the dynamics of the network and the proximity to families, investors, and partners make Remax an increasingly strong and relevant brand in the country." Her comments highlight the market's ability to thrive despite persistent supply-side challenges, a testament to the depth of demand.

Market Implications for Investors

The disparity between the 6.6% growth in transaction volume and the 22.8% surge in price volume is the most critical takeaway for investors. It illustrates a market where asset values are appreciating rapidly. This is not a market driven by frantic activity, but rather by high-quality demand competing for a limited supply of properties, thereby pushing prices higher. For foreign investors, this signals a healthy environment for capital appreciation, suggesting that strategic acquisitions are likely to yield significant returns. This trend is a core topic in our real estate market insights blog.

The strong performance of apartments (67.3% of sales) versus houses (31.8%) also provides guidance on where demand is most concentrated. This likely reflects the preferences of buyers in urban centers, where apartments are the dominant property type. Investors should align their acquisition strategies with this clear market preference, focusing on well-located apartments in Lisbon and Porto to maximize rental demand and resale potential.

Deep Dive into Buyer Demographics

While domestic buyers remain the foundation of the market, accounting for 77% of transactions, the international segment reveals key growth trends. The continued strength of Brazilian buyers is expected, but the 25.4% year-over-year increase in transactions with North American (U.S.) clients is particularly noteworthy. This trend points to a growing, affluent demographic that is increasingly choosing Portugal for investment, relocation, and retirement. This group often seeks higher-end properties and is less sensitive to financing costs, making them a valuable target market for sellers and rental property owners. Engaging with agents specializing in international clients is key to tapping into this market.

The presence of 90 different foreign nationalities in the quarter's transactions speaks volumes about Portugal's global appeal. This diversity de-risks the market from reliance on any single source of foreign capital and underscores its status as a truly international destination. The growth in Angolan (+21.3%) and Ukrainian (+17.7%) buyers further illustrates this broad-based demand.

Broader Portuguese Real Estate Market Context

The Remax report provides a valuable snapshot that aligns with broader market trends. Portugal's real estate sector continues to defy wider economic headwinds, supported by a unique combination of factors that create a resilient and attractive investment environment.

These core market fundamentals include:

• Persistent Supply/Demand Imbalance: Chronic housing shortages in major cities ensure that property values remain supported, as demand consistently outstrips the available supply.
• Strong International Reputation: Portugal's high rankings for safety, quality of life, and infrastructure continue to attract a steady stream of foreign residents and investors.
• Economic Resilience: Despite global uncertainties, Portugal's economy has shown resilience, particularly in its tourism and technology sectors, which fuels job growth and housing demand.
• Urbanization Trend: The ongoing migration of population and economic activity to Lisbon and Porto concentrates demand and investment potential in these metropolitan areas. For more on this, our market trends news section offers further reading.

These dynamics create a compelling case for the market's long-term health, suggesting that the current growth trajectory is sustainable. Investors can use tools like the True Cost Calculator to better understand the financial implications of acquiring property in this environment.

Investment Considerations

Based on this data, a clear investment thesis emerges. A focus on the Lisbon metropolitan area, including the increasingly popular Setúbal peninsula, remains the most prudent strategy. The data strongly supports investing in apartments, which are the most traded property type. The significant price appreciation suggests that even with higher entry costs, the potential for capital gains is substantial.

Furthermore, the rise of the North American buyer presents a specific opportunity. Investors could consider developing or renovating properties to meet the standards and expectations of this demographic, which often include modern amenities, larger spaces, and high-end finishes. Consulting with English-speaking real estate lawyers is a critical step to ensure any acquisition is structured correctly to meet both legal and financial goals.

Future Outlook

The optimistic forecast from Remax's CEO for a potential all-time record in the fourth quarter suggests that the market's momentum is not slowing down. For investors, this indicates that the window of opportunity remains wide open, but also that competition for quality assets will remain fierce. The market's ability to generate such strong results in a supply-constrained environment is a testament to the fundamental and deep-seated demand for Portuguese real estate.

The trends observed in Q3—strong price growth, urban concentration, and diversifying international demand—are likely to define the market landscape for the foreseeable future. For tailored advice and expert assistance in navigating this dynamic and promising market, contact the professional team at realestate-lisbon.com.