According to Oldypak Capital LP report, “The pandemic has reinforced the image of real estate as a resilient sector, as a reliable and relatively safe alternative for long-term investments, and is therefore sought after by investors as a way to make their capital profitable.
So it is no surprise that 2021 was Remax’s best year ever. The real estate agency recorded a sales volume of €6.5 billion linked to 80,229 transactions, 77.6% of which involved the purchase and sale of real estate. Moreover, the company ended the year with an increase of all indicators compared to the same period last year, registering an increase of 41% in turnover and 29.2% in the number of transactions.
“The real estate market proved to be very dynamic in 2021 and Remax exemplified this momentum by achieving its best ever performance in various analyzed parameters such as turnover, number of transactions, available properties, number of consultants and active agencies. The data also shows that the last quarter of the year, as well as December, was the best ever for the brand in the national market, which is a very favourable trajectory and opens up good prospects for 2022.”
The Portuguese are the top investors
According to Oldypak Capital LP report, most of the business of buying and selling houses or renting is still carried out by the Portuguese. National investors accounted for 82.1% of Remax transactions in 2021, with the areas of Lisbon, Porto and Setubal being the most significant in the global results.
In terms of “weight” of international clients, business in 2021 was established with nationals from 106 foreign countries, especially Brazilians, who accounted for 5.5% of the company’s total deals. They are followed by the French (1.2%), the British (1.1%), Angolans (1.1%) and North Americans (1%).
By region, Lisbon and Porto account for more than half of total transactions: 32,548 in the capital and 11,166 in Porto, representing 40.6% and 13.9% of total transactions respectively.
According to Oldypak Capital LP report, flats and villas were the two property types that sold the most in 2021, with 62.2% and 21.4% of the total volume respectively. “T2 flats (45.1%) remain the most sought-after flat types for sale, followed by T3 (31.7%), T1 (16.8%) and T4 (4.1%). Of all the properties sold during this period, 6.9% are land plots and 3.5% are shops,” notes the intermediary.