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.

Furnished apartments for sale in Portugal

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Residential complex

New complex of turnkey apartments with ocean views in Sesimbra, Setubal, Portugal

Sesimbra, Setubal, Portugal

From 391,000 €

Total 46 units available from the developer

Built in 2026

Studios from 391,000 €

3 bedrooms from 912,000 €

Furnished

Designer apartment in a historic building, central Lisbon, Portugal

Lisbon, Portugal

Price on request

3 bedrooms · 2 bathrooms

Residential complex

Fully equipped new apartments in Lisbon, Portugal

Lisbon, Portugal

From 500,000 €

Total 17 units available from the developer

1 bedroom from 500,000 €

2 bedrooms from 698,000 €

Residential complex

Buy-to-let apartments with a guaranteed yield of 5% in a modern residential complex, Belem, Lisbon, Portugal

Lisbon, Portugal

From 770,000 €

Total 97 units available from the developer

Built in 2021

1 bedroom from 770,000 €

3 bedrooms from 2,500,000 €

Residential complex

Buy-to-let apartments with a swimming pool and view of the Tagus river, Alcochete, Setubal, Portugal

Alcochete Municipality, Setubal, Portugal

From 500,000 €

Total 60 units available from the developer

Built in 2019

2 bedrooms from 500,000 €

Comfortable apartment with a yield of 5%, Algarve, Portugal

Faro City, Faro, Portugal

1,295,000 €

3 bedrooms · 3 bathrooms · Yield 5.0%

Elvira Gracheva

Head of Sales Tranio Europe

Tranio Projects for Profitable Investments

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Modern apartment with sea views with a guaranteed yield of 5%, Algarve, Portugal

Faro City, Faro, Portugal

1,000,000 €

2 bedrooms · 2 bathrooms · Yield 5.0%

Residential complex

Luxury residence with swimming pools and a club in a popular area, Nazaré, Portugal

Nazaré, Leiria, Portugal

From 197,000 €

Total 36 units available from the developer

Built in 2026

1 bedroom from 197,000 €

2 bedrooms from 287,000 €

Two-storey new apartment in a first-class complex, Lagos, Faro, Portugal

Lagos, Faro, Portugal

850,000 €

Total area 106 m² · 2 bedrooms · 2 bathrooms

Newly built four-bedroom penthouse with open ocean views in Cascais, Portugal

Cascais, Lisbon, Portugal

2,617,000 €

Total area 413 m² · 4 bedrooms · 4 bathrooms

2-bedroom apartment in new building 250 m² in Carvoeiro

Carvoeiro, Faro, Portugal

800,000 €

Total area 250 m² · 2 bedrooms · 2 bathrooms

Furnished

2-bedroom apartment 83 m² in Lisbon

Lisbon, Portugal

710,000 €

Total area 83 m² · 2 bedrooms · 1 bathroom

Furnished

2-bedroom apartment 86 m² in Lisbon

Lisbon, Portugal

690,000 €

Total area 86 m² · 2 bedrooms · 1 bathroom

Furnished

2-bedroom apartment 86 m² in Lisbon

Lisbon, Portugal

700,000 €

Total area 86 m² · 2 bedrooms · 1 bathroom

Furnished

2-bedroom apartment 104 m² in Lisbon

Lisbon, Portugal

765,000 €

Total area 104 m² · 2 bedrooms · 2 bathrooms

Furnished

2-bedroom apartment 94 m² in Lisbon

Lisbon, Portugal

740,000 €

Total area 94 m² · 2 bedrooms · 2 bathrooms

Furnished

1-bedroom apartment 78 m² in Lisbon

Lisbon, Portugal

630,000 €

Total area 78 m² · 1 bedroom · 1 bathroom

Furnished

1-bedroom apartment 72 m² in Lisbon

Lisbon, Portugal

670,000 €

Total area 72 m² · 1 bedroom · 1 bathroom

Furnished

1-bedroom apartment 78 m² in Lisbon

Lisbon, Portugal

650,000 €

Total area 78 m² · 1 bedroom · 1 bathroom

With swimming pool

1-room apartment 78 m² in Estreito da Calheta

Estreito da Calheta, Madeira, Portugal

380,000 €

Total area 78 m² · Land area: 78 m² · 1 bathroom

With swimming pool

2-room apartment in Funchal

Funchal, Madeira, Portugal

750,000 €

3 bathrooms

Residential complex

Residential complex near beaches and golf courses, Algarve, Portugal

Faro City, Faro, Portugal

From 560,000 €

Total 65 units available from the developer

1 bedroom from 560,000 €

2 bedrooms from 850,000 €

Similar facilities nearby

Residential complex

Complex of villas with swimming pools and gardens near the beaches, Paphos, Cyprus

Peyia, Paphos, Cyprus

From 520,000 €

Total 64 units available from the developer

Built in 2022

Villas from 520,000 €

Residential complex

New villa with a swimming pool and a panoramic view, Armou, Cyprus

Armou, Paphos, Cyprus

From 2,080,000 €

Total 1 unit available from the developer

Villas from 2,080,000 €

Residential complex

New complex of turnkey apartments with ocean views in Sesimbra, Setubal, Portugal

Sesimbra, Setubal, Portugal

From 391,000 €

Total 46 units available from the developer

Built in 2026

Studios from 391,000 €

3 bedrooms from 912,000 €

Residential complex

Fully equipped new apartments in Lisbon, Portugal

Lisbon, Portugal

From 500,000 €

Total 17 units available from the developer

1 bedroom from 500,000 €

2 bedrooms from 698,000 €

Residential complex

Buy-to-let apartments with a guaranteed yield of 5% in a modern residential complex, Belem, Lisbon, Portugal

Lisbon, Portugal

From 770,000 €

Total 97 units available from the developer

Built in 2021

1 bedroom from 770,000 €

3 bedrooms from 2,500,000 €

Residential complex

Buy-to-let apartments with a swimming pool and view of the Tagus river, Alcochete, Setubal, Portugal

Alcochete Municipality, Setubal, Portugal

From 500,000 €

Total 60 units available from the developer

Built in 2019

2 bedrooms from 500,000 €

Furnished

Two-bedroom new furnished apartment in Salamanca district, Madrid, Spain

Madrid (city), Madrid, Spain

1,433,000 €

Total area 133 m² · 2 bedrooms · 2 bathrooms

Furnished

Spacious fully equipped apartment in Salamanca area, Madrid, Spain

Madrid (city), Madrid, Spain

1,299,000 €

Total area 101 m² · 3 bedrooms · 3 bathrooms

Apartments for obtaining a rental income in Gounari project, Athens, Attica, Greece for From 200,000 €

Tranio Exclusive

2 days ago

Residential complex

Apartments for obtaining a rental income in Gounari project, Athens, Attica, Greece

Agia Paraskevi (Attica), Attica, Greece

From 200,000 €

Total 17 units available from the developer

Built in 2024

1 bedroom from 200,000 €

4 bedrooms from 657,000 €

With balcony/terrace

Turnkey two-bedroom apartment in Retiro district, Madrid, Spain

Madrid (city), Madrid, Spain

1,309,000 €

Total area 78 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

Furnished three-bedroom apartment in Salamanca, Madrid, Spain

Madrid (city), Madrid, Spain

1,839,000 €

Total area 163 m² · 3 bedrooms · 3 bathrooms

Furnished

Modern furnished apartment in Sol district, Madrid, Spain

Madrid (city), Madrid, Spain

725,000 €

Total area 113 m² · 3 bedrooms · 2 bathrooms

With balcony/terrace

Renovated and furnished apartment in Salamanca area, Madrid, Spain

Madrid (city), Madrid, Spain

1,809,000 €

Total area 144 m² · 3 bedrooms · 3 bathrooms

With balcony/terrace

Turnkey duplex apartment in a historic building, Salamanca district, Madrid, Spain

Madrid (city), Madrid, Spain

1,349,000 €

Total area 120 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

Exclusive furnished apartment in Salamanca area, Madrid, Spain

Madrid (city), Madrid, Spain

1,999,000 €

Total area 189 m² · 3 bedrooms · 3 bathrooms

Furnished

Furnished two-bedroom apartment in Salamanca district, Madrid, Spain

Madrid (city), Madrid, Spain

1,309,000 €

Total area 92 m² · 2 bedrooms · 2 bathrooms

New complex of furnished apartments with a swimming pool, lounge areas, a gym and guaranteed 6% ROI in Gazi area, Athens, Greece for From 167,000 €

ROI - 6%

Residential complex

New complex of furnished apartments with a swimming pool, lounge areas, a gym and guaranteed 6% ROI in Gazi area, Athens, Greece

Gazi, Athens, Attica, Greece

From 167,000 €

Total 56 units available from the developer

Completion in: 2027

Studios from 167,000 €

1 bedroom from 175,000 €

New complex with sea views in the prestigious area of Glyfada, Greece for From 330,000 €

2 weeks ago

Residential complex

New complex with sea views in the prestigious area of Glyfada, Greece

Glyfada, Attica, Greece

From 330,000 €

Total 6 units available from the developer

Built in 2024

1 bedroom from 330,000 €

2 bedrooms from 385,000 €

New complex of furnished apartments near Technopolis, Athens, Greece for From 145,000 €

ROI - 3% for 3 years

Residential complex

New complex of furnished apartments near Technopolis, Athens, Greece

Gazi, Athens, Attica, Greece

From 145,000 €

Total 14 units available from the developer

Built in 2026

1 bedroom from 145,000 €

2 bedrooms from 260,000 €

New complex of serviced apartments with a cinema and a co-working area near a metro station, Athens, Greece for From 285,000 €

Cinema onsite!

Residential complex

New complex of serviced apartments with a cinema and a co-working area near a metro station, Athens, Greece

Athens, Attica, Greece

From 285,000 €

Total 110 units available from the developer

Built in 2025

1 bedroom from 285,000 €

Stylish complex of furnished apartments close to metro stations, Athens, Greece for From 110,000 €

ROI - 6%

Residential complex

Stylish complex of furnished apartments close to metro stations, Athens, Greece

Dafni, Attica, Greece

From 110,000 €

Total 6 units available from the developer

Built in 2024

Studios from 110,000 €

5 bedrooms from 800,000 €

Beautiful residence at 200 meters from the beach, Santorini, Greece for From 395,000 €

3 months ago

Residential complex

Beautiful residence at 200 meters from the beach, Santorini, Greece

Santorini, Aegean Isles, Greece

From 395,000 €

Total 32 units available from the developer

Villas from 395,000 €

Luxury furnished beachfront apartments, Chania, Greece for From 235,000 €

3 months ago

Residential complex

Luxury furnished beachfront apartments, Chania, Greece

Chania, Crete, Greece

From 235,000 €

Total 19 units available from the developer

Completion in: 2026.IV

1 bedroom from 235,000 €

Residential complex

Complex of furnished apartments at 750 meters from the port, in the center of Piraeus, Greece

Piraeus, Attica, Greece

From 117,000 €

Total 37 units available from the developer

Studios from 117,000 €

Furnished

Furnished two-bedroom apartment in Athens, Attica, Greece

Athens, Attica, Greece

164,000 €

Total area 55 m² · 2 bedrooms · 1 bathroom

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