Lisbon still sought after by millionaires

• 24 November, 25

According to the latest HNWI Hotspot Index published by Savills, Portugal continues to attract strong interest from global high-net-worth individuals (HNWIs).

• Lisbon ranks 26th worldwide
• Cascais ranks 33rd
• Quinta do Lago ranks 43rd

These cities stand out on the global wealth map, reinforcing Portugal’s leading position in quality of life, safety, and economic growth potential.

Rita Bueri, Head of Residential at Savills Lisbon, highlights that Lisbon’s position among the global top 30 confirms its status as an internationally recognized destination for premium living and investment. “Lisbon blends heritage, innovation, and an exceptional quality of life, offering a rare balance between tradition, modernity, and well-being. It has become a global meeting point for those seeking a safe, inspiring, and lifestyle-driven environment,” she noted.

Growing International Demand, Driven Mainly by US and Brazilian Buyers

Savills reports that Portugal’s global appeal continues to strengthen, particularly with the rising number of American buyers across Europe who view Portugal as the ideal mix of lifestyle, culture, and history. The country also remains one of the top choices for Brazilian investors, thanks to its strong quality of life, excellent connectivity, and diverse economic opportunities.

Global Wealth Hubs: Dubai, New York, and Singapore Lead

In the global ranking, Dubai, New York, Singapore, Hong Kong, and Abu Dhabi occupy the top five positions, supported by strong business environments, legal stability, world-class education, and attractive lifestyles.

London ranks first globally for lifestyle, thanks to its unrivaled offering in retail, gastronomy, hospitality, and culture.

In Europe, Monaco (6th), London (10th), and Geneva (11th) remain the top-performing wealth hubs, while Rome (19th), Milan (23rd), and Lisbon (26th) are emerging as rising hotspots due to favorable tax regimes and high living standards.

Housing Market Trends Confirm Portugal’s Strong Appeal: Lisbon and Porto Remain Key Investment Hotspots

The migration of high-net-worth individuals is also reflected in Portugal’s housing market. Latest data from INE shows that both Lisbon and Porto maintain high price levels, a crucial indicator for international buyers and property investors.

Lisbon: Median Price Reaches €4,525/m², Up 7.7% Year-on-Year

Most expensive areas:

• Santo António: €6,031/m²
• Parque das Nações: €5,840/m²

Most affordable area: Santa Clara: €3,450/m²

Areas with notable price drops:

• Marvila: –16.9%
• Areeiro: –12.7%

Despite localized declines, Lisbon’s overall price growth remains strong—reinforcing the city’s position as a highly desirable destination for affluent buyers.

Porto: Median Price Rises to €3,060/m², Up 2.3% Annually

• Most expensive area: Foz do Douro: €3,836/m² (–3.6%)
• Most affordable area: Campanhã: €2,819/m² (–8.5%)
• Strongest growth: Lordelo do Ouro – Massarelos: +10.5%

Overall, Porto shows moderate growth, but certain districts are expanding quickly, making the city increasingly attractive to investors and young professionals.

Cre: The Portugal News