Apartments in Portugal. Portugal flat prices
People looking to buy apartments in Portugal find it a profitable investment in this growing Iberian market. Algarve on the southern Atlantic coast or Lisbon and its western suburbs are the most popular destinations for people buying flats in Portugal.
Real estate prices in Lisbon, the capital, are lower than in other European capitals and apartments for sale in new developments cost €5,000–6,000/sq. m. and can be rented out or kept for personal use. Lisbon is a beautiful, clean city and winner of the European Green Capital Award with a wide selection of renovated properties in the historic areas of Castelo, Alfama and Graca. €150,000 will buy a small studio for rental purposes for example.
An apartment by the sea in Portugal, located in the resort province of Algarvecan sell for €170,000–250,000. An apartment with sea or mountain-view, terraces and a sharedpool in a new residential complex costs €500,000–800,000.
The most expensive apartments in Portugal are found on the Lisbon Riviera with prices starting from €120,000 to €4,500,000. Downtown apartments in Cascais sell for €2,100/sq. m. on average and suburban flats cost about €1,600/sq. m. Carcavelos is a resort with well-maintained and spacious beaches perfect for windsurfing, just 15km from Lisbon. A 160 sq. m. three-bedroom apartment within walking distance of the beach costs about €230,000 in this calm sunny town ideal for family life. São Pedro do Estoril and São João do Estoril are the best neighbourhoods here. Apartment prices vary here from €140,000 to €600,000.