How Portugal became a second home for celebrities, royals and the wealthy
Portugal has quietly become one of Europe’s most sought-after second-home destinations for the rich and famous. Princess Eugenie reportedly owns a villa worth Dh18 million; Formula One champion Max Verstappen recently bought land to build a home; and Cristiano Ronaldo is rumoured to own the most expensive property in the country. Hollywood couple Michael Fassbender and Alicia Vikander relocated…
Portugal has quietly emerged as one of Europe's most popular second-home destinations for the rich and famous. Princess Eugenie, Formula One champion Max Verstappen, and Cristiano Ronaldo are among the high-profile residents, each owning properties valued at millions of dollars. Hollywood couple Michael Fassbender and Alicia Vikander relocated to Portugal in 2017, while Prince Harry and Meghan Markle also own a home in the country.
The allure of Portugal lies in its picturesque coastline, laid-back lifestyle, and discretion it offers to its affluent residents. Princess Eugenie's choice to give birth to their daughter in Lisbon, coupled with the discreetness of the country, has made it a preferred option for the likes of the royal couple. The Portuguese government's introduction of golden visas and tax benefits has further fueled the influx of ultra-wealthy individuals, with the number of such residents increasing by almost 50% over the past five years.
Cristiano Ronaldo is rumored to own the most expensive property in the country, while A-listers such as George Clooney, Nicole Kidman, and Scarlett Johansson have also invested in Portugal's Alentejo coast and Lisbon. Despite their fame, these celebrities maintain a level of anonymity in the country, proving that Portugal's charm lies not just in its stunning landscapes, but also in its discretion and quality of life.
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