January 31, 2023

A Success Story in Portugal's 2022 Booming Market

Article by
Carolina Durão

YPA had a successful year in 2022 with 150% growth. Despite challenges in the market, YPA's team of experts provide an exclusive service to help clients find their dream home or investment.

"2022 was a very positive year, not only in terms of sales, as we grew 150% compared to the previous year, but also in terms of clients, as both buyers and investors were looking for good returns and were eager to close good deals," Carolina Durão, co-founder of YPA, begins to tell us.

The year was particularly eventful for the Portuguese real estate market. But not even the steady rise in property prices, the obstacles posed by the lack of supply, and the bureaucratic procedures with Portuguese municipalities that continue to deter investors could stop the growth of YPA, which closed an average of two deals per month.

Although the number of deals was lower than last year, this is not a factor that worries Gonçalo Roxo, co-founder of YPA.

"Portugal is still a very attractive country for foreigners, due to the security conditions, good weather and lifestyle that the country offers. Demand remains high and we know that our clients are looking for an exclusive service and can rely on us to meet all their needs," he explains.

In 2022, YPA closed 22 deals with a total value of 20 million euros. Since 2020, the year YPA was founded, the team has closed 55 transactions and saved its clients more than 3 million euros in value during negotiations.

The country's coastal region was the most sought-after 

Lisbon, Cascais, Estoril, Sesimbra, Sintra, Ericeira, and Algarve have one thing in common: they are all located by the sea. For this reason, they were the most sought-after regions among YPA clients, who preferred villas and apartments with balconies and terraces. Demand for properties for investment funds was also constant, proving that Portugal is still considered one of the best countries to live in.

The growth in sales is reflected in the expansion of the team

YPA ends the year with team growth to meet client demand. This growth will allow to expand and support capacity in other regions of the country, such as the Algarve region, which still offers many opportunities to be discovered.

The goal for 2023 is to increase awareness and sales. "With continued high demand and a team united on all fronts, we know we have everything we need to help our clients find their dream home or investment," concludes Rita Xara-Brasil, property advisor at YPA.

If buying or investing in a new home in 2023 is on your agenda, contact our property advisors. They are the ideal partners to guide you in this new step.

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