Brazilian demand for property in Portugal cools in 2026
As discussions abound of Brazilians returning to Brazil or opting for other international destinations, Brazilian demand for properties in Portugal appears to be cooling according to the online estate agency Imovirtual.
Its data analysis shows that Brazilian demand for properties in Portugal is undergoing an adjustment phase. Even so, Brazil still remains among the most relevant international markets for Portuguese real estate.
In 2025, Brazilian users of the site represented 14.4% of international demand for properties in Portugal. In 2026, this figure drops to 11.2%, a reduction of 3.2 percentage points, the largest among the main markets analysed.
Despite this decrease, Brazil maintains its third position among the most active international markets, behind only France, which reinforces its leadership by rising from 18.9% to 20.7%, and Switzerland, which increases from 15.8% to 18.8% and surpasses Brazil in this analysis period.
Brazil continues, however, to stand out clearly among markets outside Europe. With 11.2% of international demand, it represents almost three times more than the United States (3.7%) and is well above Angola (2.8%) and Canada (1.6%), reinforcing the unique relationship between the Brazilian and Portuguese markets.
“The data shows a slowdown in Brazilian demand, which is consistent with some trends that have been observed in recent months. However, this reduction does not eliminate Brazil’s relevance in the Portuguese real estate market.
The country remains among the three most active international markets and maintains a very particular connection to Portugal, in a context where European markets are gaining weight and making the international landscape more competitive,” says Sylvia Bozzo, Marketing Manager of Imovirtual.
The data also shows a significant change in the intentions of foreign users. In 2026, 72.6% of international searches are associated with the intention to buy, up from 68.4% in 2025. Conversely, demand for rentals falls from 31.6% to 27.4%.
This evolution suggests that international interest remains strongly oriented towards property acquisition, whether for permanent residence, second homes, or long-term investment. Despite the changes observed in the composition of international markets, Portugal continues to be seen as a destination for buying and not just for temporary stays.
Source & Credits: Imovirtual
