The number of US citizens living in Portugal jumped from 14,129 in 2023 to 19,258 in 2024, according to new data from Portugal’s Agency for Integration, Migration and Asylum (AIMA). The 36.3% increase echoes reports from Iberian real estate developer Kronos Homes about a surge in American interest in Portugal’s property market in recent years.
With direct flights to key destinations such as Lisbon and Porto, along with a new direct route between New York and Faro (the airport of the southern Algarve region) that launched in May 2025, traveling to Portugal from the United States is easier than ever. And with the second strongest growth market in Europe for real estate investment volumes in Q1 2025, according to Savills, many US citizens are now looking at Portugal’s financial potential, as well as its lifestyle offering.
That lifestyle offering encompasses Portugal’s position as the Best Golf Destination in the World (World Golf Awards) and the world’s best location for retirees (Global Citizen Solutions’ Global Retirement Report). The country’s sun-kissed Algarve region was also crowned the World’s Leading Beach Destination at the 2024 World Travel Awards.
On the real estate front, Portugal’s diverse residential offering is another factor in the country’s appeal to buyers from the US, as Alda Filipe, Regional Director and Partner at Kronos Homes, explains: “The wealth of locations and real estate types available in Portugal means that those buying primary residences and vacation homes can easily find what they’re seeking, as can investors looking for stable long-term gains. From key-ready properties delivered fully furnished to off-plan residences providing the chance to lock in a price at today’s values, Portugal provides US buyers with an abundance of choice. The fact that English is so widely spoken also makes for a smoother purchase process than can be found in many European countries.”
The southern Algarve region – a mecca for vacationers thanks to its pristine beaches, world-class golf courses, and stunning natural landscape – exemplifies the breadth of the country’s real estate offering.
Towards the western tip of the region, where you can stand and face the US coast, separated only by some three to four thousand miles of ocean, homes at Salema Beach Village dot the hillside that slopes down to the beach. Provided fully furnished, with elegant, contemporary interiors and spacious balconies, the properties blend a serene location with family-friendly on-site amenities, including a swimming pool with children’s pool, playground, outdoor gym, poolside snack bar, and two padel courts.
50% of the homes at Salema Beach have been reserved by US buyers, emphasizing the resort’s appeal as a destination for vacation and investment properties, as well as full-time residences.
A little further along the coast, the five-star Monte Santo Resort is home to stunning apartments and villas, perfectly positioned for exploring famous local landmarks such as the Benagil sea cave, as well as the typically Portuguese town of Carvoeiro. Fully furnished and ready to move into, the high-specification properties are set within eight acres of delightful greenery, while on-site facilities include the popular Aroma restaurant, multiple swimming pools, a gym, and a multi-sports court. Prices start from just €250,000.
Buyers seeking real estate off-plan can discover the very latest in luxurious resort homes at the Algarve’s prestigious Vale do Lobo. Popular for generations thanks to its 2 km stretch of beach, top-class tennis, golf and now padel facilities, luxurious spa and outstanding restaurants, all set in 450 hectares of lush greenery, the resort already has a diverse international community of 1,500 home owners. Now, The Residences Vale do Lobo are providing the first homes to be built by the resort in 20 years.
Available off plan (and already 50% reserved), the limited collection of sophisticated new homes includes 44 luxury apartments, linked villas, and townhouses, with a selection of communal and private pools to suit buyers’ varying needs. Buyers have the chance to lock in their purchase price now, with delivery of the stunning new homes anticipated from Q4 2027.
For more information, call (+ 351) 289 353 499 or visit https://www.kronoshomes.com/en.
