Porto Moniz Soars in Popularity as Second Most Desired Location for Homebuyers
A recent study conducted by Idealista has unveiled a trend within Portugal's rural housing market. Porto Moniz, idyllically situated on Madeira Island's northwest coast, has become very popular among homebuyers. In the early months of 2024, it secured the second position as the most sought-after municipality for homebuyers seeking to live in a city with less than 10,000 inhabitants.
It All Started With The Pandemic
This remarkable achievement reflects a broader shift in preferences witnessed since the pandemic's onset, with a growing number of individuals prioritizing a superior quality of life away from the big cities. Porto Moniz, known for its breathtaking scenery, bathing pools and peaceful atmosphere, perfectly embodies this aspiration.
25 Most Sought-After Regions To Purchase A House In 2024
Porto Moniz Leads the Charge in Portugal's Rural Living Boom
The allure of Porto Moniz extends far beyond local appeal, it represents a national phenomenon. The Idealista study emphasizes a significant surge in home searches across Portugal, particularly in municipalities with populations under 10,000. Remarkably, 97 out of 120 such localities witnessed a substantial increase in interest between early 2020 and 2024. In nearly half of these municipalities, the demand for homes more than doubled. Right after Santa Cruz das Flores, Porto Moniz stands out as a leader in this trend, showcasing a clear preference for the tranquility and beauty of rural living.
Source: Idealista.pt
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