The housing market is experiencing significant shifts, with Algarve house prices rising above the national average to €1,755 per square meter, as reported by The Portugal News on March 26, 2025. Bank valuations of homes increased by 16% to €1,810 per m2 in February, as noted in The Portugal News on March 28, 2025. Foreign buyers, particularly Brazilians, are dominating mortgage applications, as seen in The Portugal News on March 25, 2025, which could lead to gentrification. An older but relevant article from LA Times on May 12, 2022, discusses Californians contributing to gentrification, which is still pertinent given ongoing trends. The high-end real estate market is also driving economic growth, as detailed in The Portugal News on March 26, 2025, impacting affordability for new residents.
| Title | Date | URL |
|---|---|---|
| Expats are moving to Portuguese, taking gentrification with them | May 12, 2022 | LA Times |
| Algarve house prices rise above national average | Mar 26, 2025 | The Portugal News |
| Bank valuations of homes up 16% | Mar 28, 2025 | The Portugal News |
| Brazilians dominate mortgage loan applications among foreign buyers | Mar 25, 2025 | The Portugal News |
| The changing face of high-end Real Estate in Portuguese | Mar 26, 2025 | The Portugal News |