ERA Portugal Hits Over €600M Business Volume in Q1 2026
Real estate giant ERA Portugal has kicked off 2026 with significant momentum, reporting an 8.3% increase in business volume during the first quarter compared to the same period last year. The company announced today that its total business volume surpassed €600 million between January and March.
Surging Turnover and Deal Volume
The agency’s financial health showed across-the-board improvements. Turnover grew by 8%, reaching more than €30 million, with 95% of that revenue generated directly by its own network of offices. In total, ERA completed over 3,070 real estate transactions during the three-month period.
Prices on the Rise
While the average sales price remained steady at approximately €219,000 for the first two months of the year, March saw a sharp spike to €236,300. This late-quarter surge pushed the overall average sales price to €225,000—a 2% year-on-year increase. The company attributed this rise in asset value largely to the growing influence and higher price points of new construction projects entering the market.
Inventory also saw a boost, with ERA listing more than 9,100 new properties in the first quarter, representing a 4% increase over the previous year.
Local Buyers Remain the Primary Drivers
Despite Portugal’s reputation as an international hotspot, the domestic market continues to be the bedrock of ERA’s operations. Portuguese citizens accounted for the vast majority of activity, representing 83.9% of all transactions.
However, the agency maintains a diverse international footprint. Brazil remains the leading foreign market, contributing to 2.5% of sales, followed by the United Kingdom (0.5%) and Angola (0.4%). The list of active foreign buyers also included residents from France, Germany, the United States, Italy, the Netherlands, and Cape Verde.
Image: Pexels – Aysegul Aytoren
