Over 1,000 Hotels for Sale in Portugal: A Booming Market Analysis



Discover the latest data from CASAFARI on the surge of hotel listings in Portugal, with 31% more properties available in 2024 compared to the previous year.

The hotel market in Portugal experienced growth in the number of units available for sale and rent in the first quarter of 2024 compared to the same period last year. According to data from CASAFARI, a European real estate data platform, there were 1,038 hotels for sale at the end of the 1st quarter of 2024, a 31% increase from the 791 available in the same period last year. Additionally, there were 62 hotel units for rent, representing a 48% increase from the previous year.


Over 1,000 Hotels for Sale in Portugal: A Booming Market Analysis

The analysis conducted by CASAFARI compared data from the first quarter of 2024 to the same period in the previous year to assess the recent behavior of hotel assets in terms of sales and leasing. At a regional level, Faro, Porto, and Lisbon had the highest number of hotel units available for sale, with regions like Trofa, Penafiel, and Paredes having only one hotel unit available for sale. Sintra, Lourinhã, and Matosinhos saw significant percentage increases in supply, while regions like Odivelas, Baião, and Coimbra experienced negative variations.

The average price per square meter of hotels for sale in Portugal increased by 18% to 3,319 euros in the first quarter of 2024. Cascais, Sintra, and Lisbon had the highest average prices per square meter in the country, while regions like Paredes, Amarante, and Penafiel had the lowest average prices. Lourinhã, Madeira, and Guarda saw the biggest price increases, while Marco de Canaveses, Castelo Branco, and Beja had negative variations.

In terms of rental prices, there were 62 hotels available for rent in the first quarter of 2024, a 48% increase from the previous year. Lisbon, Faro, and Porto had the highest number of hotel units available for rent, while regions like Aveiro, Santarém, and Viseu had only one hotel unit available for rent. The average price per square meter of hotels for rent in Portugal dropped by 43% to 24 euros in the first quarter of 2024. Cascais, Leiria, and Oeiras had the highest average prices per square meter, while Bragança, Viseu, and Aveiro had the lowest average prices.

Overall, the hotel market in Portugal showed growth in both sales and rental availability, with varying price trends across different regions.

Over 1,000 Hotels for Sale in Portugal: A Booming Market Analysis

Support Ogusyis by making a contribution – no matter how small.


Enter your amount
£
Enter your amount
£
Enter your amount
£
Yourname
Email
Phone


Portugal Housing Prices Rise Slows to 7% in Q1: INE Data

According to the National Statistics Institute, Portugal housing prices increased by 7% in the first quarter, marking a slowdown compared to previous quarters.

According to the National Statistics Institute, Portugal housing prices increased by 7% in the first quarter, marking a slowdown compared to previous quarters.

Read more

New Zealand’s Housing Market Sees 4.4% Rise in Median National Rents

Latest data from Tenancy Services reveals a steady increase in national median rent to $600 a week, marking a 4.4% rise compared to the previous year.

Latest data from Tenancy Services reveals a steady increase in national median rent to $600 a week, marking a 4.4% rise compared to the previous year.

Read more

Residential Property Prices in Ireland Surge, Exceeding 2007 Peak

New data from the Central Statistics Office reveals that residential property prices in Ireland have soared, surpassing pre-recession levels by nearly 10%.

New data from the Central Statistics Office reveals that residential property prices in Ireland have soared, surpassing pre-recession levels by nearly 10%.

Read more

U.S. Home Sales Decline Amid Record Prices and Rising Mortgage Rates

U.S. existing home sales continue to drop for the third month in a row due to record-high prices and increasing mortgage rates, but a surge in housing inventory offers hope for potential buyers.

U.S. existing home sales continue to drop for the third month in a row due to record-high prices and increasing mortgage rates, but a surge in housing inventory offers hope for potential buyers.

Read more

Canada’s Housing Market Weakens in May Amid Anticipation of Bank of Canada Interest Rate Cut

The benchmark price of a home in Canada fell 0.2% in May to $714,300, with prices down 2.4% from last year. Will the upcoming interest rate cut provide relief for buyers?

The benchmark price of a home in Canada fell 0.2% in May to $714,300, with prices down 2.4% from last year. Will the upcoming interest rate cut provide relief for buyers?

Read more

Spanish Island and Coast House Prices Return to 2008 Levels

Discover how house prices on Spanish islands and coast have surged, nearing 2008 highs with an average 3.3% rise in May.

Discover how house prices on Spanish islands and coast have surged, nearing 2008 highs with an average 3.3% rise in May.

Read more

Discover Spain's Top Neighborhoods for Foreigners

Discover Spain's top neighborhoods for foreigners and explore the most sought-after locations for property investment. Start your search for the perfect home in Spain today!

Discover Spain\'s top neighborhoods for foreigners and explore the most sought-after locations for property investment. Start your search for the perfect home in Spain today!

Read more

27% of Canadian Renters Ready to Buy | Royal LePage Study

Discover the latest findings from the Royal LePage study, revealing that 27% of Canadian renters are ready to overcome financial hurdles and purchase a property within the next two years.

Discover the latest findings from the Royal LePage study, revealing that 27% of Canadian renters are ready to overcome financial hurdles and purchase a property within the next two years.

Read more

Australia Real Estate Prices Set to Soar in Two-Speed Market

Get the latest forecast on Australia real estate prices, with record growth expected in most markets but varying rates of increase.

Get the latest forecast on Australia real estate prices, with record growth expected in most markets but varying rates of increase.

Read more

Copyright © Ogusyis. All rights reserved. The Content may not be copied, distributed,  republished, uploaded, posted or transmitted in any way without the prior written consent of Ogusyis.