The most recent figures from the National Institute of Statistics (INE), from 2019, show that 3.4 billion euros were invested by foreigners in 19,520 homes in Portugal that year, and international investors bought 8.5% of all homes sold.
The study concludes that that amount will have a local impact of nearly 21 million euros by the end of 2023. It also found that French nationals buy the most properties in Portugal, while Chinese spend the most.