Who has greater purchasing power opts to purchase houses or apartments?
In the luxury real estate market, do clients with higher purchasing power acquire more houses or apartments? Find out the conclusion of this study next.
Study reveals what types of properties are most purchased by clients with purchasing power
A recent analysis of the luxury real estate market in Portugal reveals that buyers with greater financial capacity tend to choose luxury villas instead of apartments, according to data from idealista disclosed in the Notícias ao Minuto.
"Currently, there are more houses for sale at prices above one million euros than apartments, with about 11,500 houses available, more than double the approximately 5,700 apartments," revealed by Notícias ao Minuto.
In terms of prices, the houses have a median value of 5,077 €/m², being 27% cheaper than the average price of apartments, which is 6,973 €/m².
Read more: Portugal has the 2nd highest increase in house prices in the EU.
Where is the highest demand and supply?
Lisbon leads the list of the most sought after cities for the purchase of luxury homes, followed by São Miguel, Coimbra, Setúbal, and Leiria.
When it comes to supply, Faro stands out as the district with the highest number of luxury villas available, surpassing 4,000 units registered by January 2025. Following are Lisbon (3,676 properties), Porto (1,093), Setúbal (1,058), and Madeira (535).
"The most expensive premium houses are found in Lisbon, Faro, Setúbal, and Vila Real, where prices exceed €5,000 per square meter," concludes the study.
Read also: Portugal asserts itself as a tourist destination by winning 15 awards at the World Travel Awards
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