Hunger for property in Portugal surging, according to leading property portal

Interest in Portuguese property saw a huge hike last month, according to the leading UK property portal Rightmove Overseas, whose December report for on-line searches was dominated by destinations along Portugal’s Silver Coast.

The destination on Rightmove Overseas that received the highest increase in searches for property in terms of percentage during December was Alvaiázere, near Leiria on the Silver Coast. The second highest increase was in Ansião, also in the Silver Coast area, followed by Caldas da Rainha a little further south, and then Leiria. The term with the fifth highest increase in searches was the Silver Coast itself.

Commenting on the climbers and fallers in this month’s search chart, Shameem Golamy, Head of Rightmove Overseas said: “Interest in Portugal grew significantly in December, with Portuguese destinations featuring in the top five climber positions. National television campaigns and media advertising appear to be raising awareness to the benefits of buying property in Portugal, however what is particularly interesting is the amount of traffic we are receiving from international users. After the UK and Portugal, people from Canada, Hong Kong, the UAE and the US have browsed Rightmove Overseas to look for Portuguese property. So why the interest from non-EU countries? Well, it’s highly possible that these are potential investors looking to purchase property for that all important Golden Visa.”

Portugal’s performance in Rightmove Overseas’s most recent report contrasts with that of Spain, which dominated the list of destinations that saw the highest decrease in searches. Compared to Portugal’s famous Algarve in the south, the Silver Coast is known for its dramatic cliff-lined beaches, cooler climate, greener countryside and minimal development.

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