What are the apartment prices in Portugal?

In Portugal, apartment prices strongly depend on the region where a particular property is located. The average apartment price in Portugal is € 1,500-2,000 per square metre, depending on the property location. Real estate is slightly cheaper in the north of the country. The most expensive real estate can be found in Lisbon and the neigbouring areas of Cascais and Estoril where the price per square metre can reach € 9,000. In the south of the country, in the Algarve region, there are also expensive locations, such as the Golden Triangle with the resorts of Vale do Lobo, Vilamoura and Pine Cliffs. However, in general, in the Algarve region more affordable residential property priced at € 1,000-2,000/m² can also be found near the sea.

Can foreign nationals take out mortgage loans in Portugal?

Yes, non-residents can be issued a mortgage loan to buy property in Portugal. Special terms of mortgage lending for non-residents — the loan term up to 75 years of age for the eldest borrower and a down payment of 40–50%. The mortgage rate is a floating one, of 3% for residential properties and 5% for the commercial ones.

How does the purchasing process take place in Portugal when buying an apartment?

Before the purchase, it is necessary to hire a lawyer who would help you get the paperwork done. Having chosen the property, you need to open a local bank account and receive a tax identification number. First, a preliminary sales agreement is signed, a deposit equalling to 10–30% of the property value is placed, and the municipal taxes are paid. The deposit is non-refundable if the buyer decides not to purchase. All agreements ought to be notarised. Between signing the preliminary and main sales agreements, the lawyer completes the property Due Diligence and checks the availability of all the documents for the property. When signing the main agreement, the remaining transaction amount is paid, after which the property can be registered with the land registry office and a title deed can be obtained.

What property taxes are there in Portugal?

Property buyers pay a stamp duty (Imposto do Selo, IS) — 0,8% and a title deed transfer tax (Imposto Municipal sobre Transmissões, IMT) — 6,0 – 6,5%. After the purchase, an annual real estate tax (Imposto Municipal sobre os Imóveis, IMI) ranging from 0.3 to 0.8% across property types and municipalities, has to be paid. These three taxes — are everything that is paid by property owners. When selling real estate, non-resident owners pay the capital gain tax, chargeable from the difference between the purchase price and the sales price at a rate of 28%. The inheritance and gift taxes are not levied from spouses, children, parents and grandchildren, the other categories pay them at a rate of 10% (which is considered low).

How expensive are the utilities in Portugal?

The utility costs vary across locations. For example, an average bill for an 50–60 m² apartment totals about € 100-130 per month.

How can an apartment buyer obtain Portuguese citizenship?

It is possible to apply for permanent residency after five years of residence in the country. After six years of residence it is possible to apply for citizenship. But these procedures are not interrelated. Holding a temporary residence or permanent residence permit does not lead to obtaining citizenship. Only following the rules of stay in the country (over 183 days per year for six years) can give hope for obtaining Portuguese citizenship.

Can foreign nationals lease apartments in Portugal?

Yes, of course. The owner's right to administer their property is not limited in any way.

What types of Portuguese property are better to invest in for rental purposes?

The most suitable for rental purposes are the flats and apartments located in the resort areas, such as the Algarve, Faro, Lagos, on the entire southern coast and the capital of the country, Lisbon.

Why do I need to own an apartment in Portugal?

The Portuguese property market is one of the European real estate markets that have been growing most actively over the past few years. Therefore, real estate investments are very profitable in the country.

9 Luxury 2 Bedroom Apartments for Sale in Portugal from 1,900,000 €

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Residential complex

Premier new residential complex in the center of Cascais, Portugal

Cascais, Lisbon, Portugal

From 2,285,000 €

Total 30 units available from the developer

Completion in: 2027.I

2 bedrooms from 2,285,000 €

With swimming pool

2-bedroom apartment 277 m² in Quarteira

Quarteira, Faro, Portugal

1,900,000 €

Total area 277 m² · 2 bedrooms · 2 bathrooms

2-bedroom penthouse 235 m² in Lisbon

Lisbon, Portugal

2,290,000 €

Total area 235 m² · 2 bedrooms · 2 bathrooms

Similar facilities nearby

Front line buy-to-let apartments in a high rise residence, Limassol, Cyprus for From 710,000 €

Elite complex

2 months ago

Residential complex

Front line buy-to-let apartments in a high rise residence, Limassol, Cyprus

Limassol, Cyprus

From 710,000 €

Total 307 units available from the developer

Built in 2025

1 bedroom from 710,000 €

2 bedrooms from 1,650,000 €

Sea view

Premium flat with sea view and green hills, Varkiza, Atika, Greece

Varkiza, Attica, Greece

1,600,000 €

Total area 176 m² · 2 bedrooms

With balcony/terrace

Sunny two-bedroom apartment in the Salamanca district of Madrid, Spain

Madrid (city), Madrid, Spain

1,500,000 €

Total area 88 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

Spectacular penthouse with a terrace in Barrio Salamanca, Madrid, Spain

Madrid (city), Madrid, Spain

2,599,000 €

Total area 140 m² · 2 bedrooms · 2 bathrooms

Residential complex

Luxury complex of apartments with private pools and sea, mountain and lake views in Benahavis, Malaga, Spain

Benahavis, Andalusia, Spain

From 1,800,000 €

Total 35 units available from the developer

Completion in: 2027.IV

2 bedrooms from 1,800,000 €

3 bedrooms from 2,100,000 €

4 bedrooms from 2,150,000 €

Premium class residential complex and five-star hotel on the first line from the sea in the center of Paphos, Cyprus for From 850,000 €

Permanent residence

2 weeks ago

Residential complex

Premium class residential complex and five-star hotel on the first line from the sea in the center of Paphos, Cyprus

Paphos, Cyprus

From 850,000 €

Total 50 units available from the developer

Built in 2023

2 bedrooms from 850,000 €

3 bedrooms from 1,720,000 €

4 bedrooms from 4,020,000 €

New residence with a panoramic view on the first sea line, Limassol, Cyprus for From 4,060,000 €

Permanent residence

3 months ago

Residential complex

New residence with a panoramic view on the first sea line, Limassol, Cyprus

Pareklisia, Limassol, Cyprus

From 4,060,000 €

Total 7 units available from the developer

Built in 2026

2 bedrooms from 4,690,000 €

3 bedrooms from 4,060,000 €

With balcony/terrace

2-bedroom apartment 115 m² in Estepona

Estepona, Andalusia, Spain

2,310,000 €

Total area 115 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

2-bedroom apartment 161 m² in Casares

Casares, Andalusia, Spain

1,781,000 €

Total area 161 m² · 2 bedrooms · 2 bathrooms

Furnished

2-bedroom apartment 146 m² in Tivat city

Tivat city, Tivat, Montenegro

1,590,000 €

Total area 146 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

2-bedroom apartment 332 m² in Nueva Andalucia

Nueva Andalucia, Marbella, Andalusia, Spain

2,750,000 €

Total area 332 m² · 2 bedrooms · 3 bathrooms

With balcony/terrace

2-bedroom apartment 308 m² in Barcelona

Barcelona, Catalonia, Spain

2,500,000 €

Total area 308 m² · 2 bedrooms · 2 bathrooms

Residential complex

29 new objects in residential complex in Agios Tychonas

Agios Tychonas, Limassol, Cyprus

From 990,000 €

Total 29 units available from the developer

Built in 2026

Studios from 990,000 €

2 bedrooms from 1,910,000 €

3 bedrooms from 2,480,000 €

4 bedrooms from 6,960,000 €

With balcony/terrace

2-bedroom penthouse 135 m² in Playa de las Americas

Playa de las Americas, Canary Islands, Spain

2,219,000 €

Total area 135 m² · 2 bedrooms · 3 bathrooms

Residential complex

5 new flats in residential complex in Neapolis

Neapolis, Limassol, Cyprus

From 710,000 €

Total 5 units available from the developer

Built in 2026

Studios from 710,000 €

2 bedrooms from 1,650,000 €

With balcony/terrace

2-bedroom penthouse 214 m² in Barcelona

Barcelona, Catalonia, Spain

1,500,000 €

Total area 214 m² · 2 bedrooms · 2 bathrooms

3 weeks ago

Residential complex

58 new objects in residential complex in Limassol Marina

Limassol Marina, Limassol, Cyprus

From 1,425,000 €

Total 58 units available from the developer

2 bedrooms from 1,493,000 €

3 bedrooms from 1,425,000 €

4 bedrooms from 5,920,000 €

6 bedrooms from 16,845,000 €

With balcony/terrace

2-bedroom apartment 124 m² in Puerto Banús

Puerto Banús, Andalusia, Spain

1,575,000 €

Total area 124 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

2-bedroom apartment 250 m² in Marbella

Marbella, Andalusia, Spain

2,375,000 €

Total area 250 m² · 2 bedrooms · 2 bathrooms

2-bedroom penthouse in Limassol

Limassol, Cyprus

1,770,000 €

2 bedrooms · 2 bathrooms

2-bedroom penthouse in Limassol

Limassol, Cyprus

1,673,000 €

2 bedrooms · 2 bathrooms

2-bedroom penthouse in Limassol

Limassol, Cyprus

1,838,000 €

2 bedrooms · 2 bathrooms

3 months ago

2-bedroom penthouse in Limassol

Limassol, Cyprus

1,570,000 €

2 bedrooms · 2 bathrooms

3 months ago

2-bedroom penthouse in Limassol

Limassol, Cyprus

1,570,000 €

2 bedrooms · 2 bathrooms

2-bedroom penthouse in Limassol

Limassol, Cyprus

1,810,000 €

2 bedrooms · 2 bathrooms

1-25 of 230 listings, page 1 of 9

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In 2025, a family came to us: a married couple and their adult son. Their goal was to obtain a European residence permit. Initially, they were choosing between Cyprus and Greece. Ultimately, the Greek Golden Visa programme...
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Once again, a Tranio client has chosen Greece Golden Visa programme as the most affordable European residency option through real estate investment. The programme was revised in 2024. Now, the most accessible route is through...
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The Master Key: How a Tranio Client Optimised Taxes Through Real Estate Investment in Cyprus
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The Final Lap: Returns Secured by Investors in The Community, Motor City
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Exploring Oman's Office Real Estate Market: A Client's Perspective
Economic diversification has long been a priority for Gulf nations, with each country adopting its own strategy. The UAE leverages soft power and flexibility, Saudi Arabia pursues an aggressive approach with ambitious megaprojects...
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Tranio client's experience: apartment on the French Riviera and obtaining a residence permit for financially...
France is a country known for its quality of life, economic strength, progressive social welfare, developed infrastructure, high environmental standards and care for historical heritage. A residence permit in France allows...
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Today Spain is one of the most popular EU countries for obtaining a residency by investments. To participate in the Spain Golden Visa programme, an investor must invest more than 500 thousand euros in the state economy or...

Luxury 2 bedroom apartments for sale in Portugal