Porto leads Portugal’s prime home price growth
Porto’s prime residential prices rose 8.5% in 2025, outpacing Lisbon and Marbella, in a sign Portugal is still drawing wealthy international buyers.
Porto posted the strongest growth in Portugal’s prime residential market in 2025, with prices rising 8.5%, ahead of Lisbon, Quinta do Lago and even Marbella, according to Knight Frank’s The Wealth Report 2026. The figures suggest Portugal is still attracting global wealth despite changes to its Golden Visa and foreign-resident tax regimes.
Knight Frank ranked Porto 11th globally in its PIRI 100 index, just behind Mumbai and ahead of Marbella, where prime prices rose 8.1%. In Portugal, Quinta do Lago in the Algarve recorded a 5.2% increase, placing 24th worldwide, while Lisbon rose 2.7%, ranking 49th.
The report says Spain and Portugal delivered some of Europe’s strongest prime market growth in 2025, supported by buyers from northern Europe, the US and Latin America. Knight Frank linked that demand to quality of life, schools and improving infrastructure, and said Portugal remained one of the European markets benefiting most from global wealth mobility.
Knight Frank also said the end of the property route for Portugal’s Golden Visa and a more restrictive non-habitual resident tax regime may soften, but are unlikely to stop, international demand. In Quinta do Lago, the consultancy said limited supply, Portugal’s tax and visa offer, and new direct routes from the US helped drive a 61.2% rise in prime prices over the past five years.
Originally published at Eco.pt
