Why Now Might Be the Perfect Time to Invest in the Azores

Over the last three years, the real estate market in the Azores has been quietly gaining strength. While many parts of Europe have seen fluctuations, here, the trend has been steady and upward. Based on data from the Portuguese National Statistics Institute (INE) and Idealista Data, average property prices have increased significantly – and for good reason.

Take a look at how the average price per square metre has evolved:

• 2022: €1,120/m²

• 2023: €1,240/m²

• 2024: €1,375/m²

• 2025: €1,490/m² (mid-year estimate)

  
  

That’s around 33% growth in just three years – a clear signal of how much interest the Azores are generating, not only from locals but also from international buyers looking for peace of mind, lifestyle, and long-term value.

Data from INE - evolution of the price per sqm from 2022

A Market That’s Growing – But Still Full of Opportunity

Yes, the number of short-term rental licenses has been growing. And yes, tourism numbers continue to rise. But here’s the reality: there’s still a real lack of high-end accommodation that can deliver the kind of premium experience today’s travellers – and investors – are looking for.

There’s space, right now, for carefully designed homes in prime locations that offer more than just a bed and a view. There’s demand for something different: luxury that feels authentic, architecture that blends into nature, comfort with character. This is exactly the space I specialise in – the premium end of the market – and it’s where the most exciting opportunities are emerging.

Stunning views to the ocean and sunset - Mosteiros, the western tip of the island.

Timing Matters

Another factor worth considering is the currency. The US dollar has been losing ground to the euro, which means that waiting too long could make European real estate more expensive for international investors. Buying now – while the exchange rate still plays in your favour – could make a real difference.

Add to that the growing demand, the short supply of truly exceptional properties, and the unique appeal of the Azores, and the case becomes stronger: this is a window worth looking through.

It’s Not Just an Investment. It’s a Lifestyle.

Numbers aside, the Azores offer something rare – and maybe that’s what matters most.

Here, you wake up to the sound of the ocean and the sight of green hills rolling into volcanic peaks. You feel safe. Life moves slowly, but with purpose. There’s time, there’s space, and there’s a sense of connection – to nature, to people, and to what really matters.

Whether you plan to live here, spend part of the year, or simply make a wise investment, this place offers more than returns. It offers peace. And beauty. And clarity.

The blue of the sky and ocean contrast with the greenery of the fields and the colourfully hydrangeas

Final Thoughts

The trend is positive. The timing is right. And the demand for luxury experiences is only going to increase.

If you're thinking of investing in the Azores – not just in property, but in a certain kind of lifestyle and value – now is the moment. And if you're looking for guidance, insights, or simply someone who knows this market inside and out, I’d be more than happy to help.

Sergio Mestre, #1 Consultant in Azores 2024