British buyers storm Funchal as Americans eye Porto: foreign demand reshapes Portugal's property map

An analysis by idealista has revealed that in May 2026, foreign buyers were searching for property in 15 of Portugal's 20 largest cities, with their share of interest reaching double digits across the board. Yet the real surprise lies in the regional leaders. Funchal, on Madeira, tops the rankings, with foreigners accounting for 22% of all property listing views. Ponta Delgada in the Azores comes second at 20%, while Lisbon and Porto lag behind at 10% and 12% respectively.

British buyers dominate the south and centre, leading the search rankings in seven cities. Americans are most active in Ponta Delgada, Porto and Lisbon. The French hold top positions in northern cities such as Viana do Castelo and Bragança. The rental market tells a different story: Brazilians are searching for accommodation in 14 of the 20 cities, whilst Germans lead in the capital.

A paradox emerges: despite growing foreign interest, Portuguese nationals remain the primary buyers and renters across all 20 cities. Foreign demand represents additional interest rather than the primary driver.

Source: Portugal News