What are the house prices in Portugal?

In Portugal, house prices strongly depend on the region where a particular property is located. The average house 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 a house?

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 house totals about € 100-130 per month.

Can Portuguese residency be obtained through buying a house?

Yes, there is a residency by investment or Golden Visa programme in Portugal. Those buying newly or relatively recently built properties for at least € 500,000 and properties built over 30 years ago for at least € 350,000 become eligible for residency.

How can a house 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 houses 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 houses 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 a house 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.

Houses for sale in Portugal - Portuguese homes and villas to buy

Modern four-bedroom house close to the centre of Funchal, Madeira, Portugal for 617,000 €

Modern four-bedroom house close to the centre of Funchal, Madeira, Portugal

617,000 €

Total area 553 m²4 bedrooms3 bathrooms

553 m², 4 bedrooms, villa

Funchal, Madeira, Portugal

617,000 €

Luxurious classic-style villa with a pool, Almancil, Faro, Portugal for 3,550,000 €

Luxurious classic-style villa with a pool, Almancil, Faro, Portugal

3,550,000 €

Total area 695 m²Land area: 2,200 m²5 bedrooms5 bathrooms

695 m², 5 bedrooms, villa + plot 2,200 m²

Almancil, Faro, Portugal

3,550,000 €

Golden Visa

Two comfortable apartments in one building in the city center with a yield of 5,3%, Agios Nikolaos subway station, Athens, Greece

250,000 €

Total area: 152 m² 5 bedrooms 2 bathrooms

Modern residence with sea views in Cascais, Lisbon, Portugal for 1,300,000 €

Modern residence with sea views in Cascais, Lisbon, Portugal

1,300,000 €

Total area 360 m²Land area: 3,300 m²3 bedrooms4 bathrooms

360 m², 3 bedrooms, villa + plot 3,300 m²

Cascais, Lisbon, Portugal

1,300,000 €

Villa with pool and 3 bedrooms in Funchal, Madeira, Portugal for 950,000 €

Villa with pool and 3 bedrooms in Funchal, Madeira, Portugal

950,000 €

Total area 1,200 m²3 bedrooms

1,200 m², 3 bedrooms, villa

Funchal, Madeira, Portugal

950,000 €

Three-storey villa with a pool in Cascais, Lisbon, Portugal for 1,490,000 €

Three-storey villa with a pool in Cascais, Lisbon, Portugal

1,490,000 €

Total area 480 m²Land area: 914 m²5 bedrooms4 bathrooms

480 m², 5 bedrooms, villa + plot 914 m²

Cascais, Lisbon, Portugal

1,490,000 €

Three-level villa with a garden and a pool in Almancil, Faro, Portugal for 1,995,000 €

Three-level villa with a garden and a pool in Almancil, Faro, Portugal

1,995,000 €

Total area 550 m²Land area: 1,000 m²4 bedrooms6 bathrooms

550 m², 4 bedrooms, villa + plot 1,000 m²

Almancil, Faro, Portugal

1,995,000 €

Designer three-level villa with a pool in Alcabideche, Lisbon, Portugal for 7,450,000 €

Designer three-level villa with a pool in Alcabideche, Lisbon, Portugal

7,450,000 €

Total area 560 m²Land area: 3,800 m²7 bedrooms8 bathrooms

560 m², 7 bedrooms, villa + plot 3,800 m²

Alcabideche, Lisbon, Portugal

7,450,000 €

Rustic stone house with a pool, Alcabideche, Lisbon, Portugal

975,000 €

Total area 280 m²Land area: 420 m²4 bedrooms5 bathrooms

280 m², 4 bedrooms, villa + plot 420 m²

Alcabideche, Lisbon, Portugal

975,000 €

Exquisite villa with a pool and a garage in Almancil, Faro, Portugal for 3,850,000 €

Exquisite villa with a pool and a garage in Almancil, Faro, Portugal

3,850,000 €

Total area 492 m²Land area: 2,160 m²4 bedrooms5 bathrooms

492 m², 4 bedrooms, villa + plot 2,160 m²

Almancil, Faro, Portugal

3,850,000 €

Villa – Faro (city), Faro, Portugal for 2,600,000 €

Villa – Faro (city), Faro, Portugal

2,600,000 €

Total area 372 m²Land area: 1,490 m²4 bedrooms6 bathrooms

372 m², 4 bedrooms, villa + plot 1,490 m²

Faro (city), Faro, Portugal

2,600,000 €

Two-storey villa overlooking the golf course in Almancil, Faro, Portugal for 4,500,000 €

Two-storey villa overlooking the golf course in Almancil, Faro, Portugal

4,500,000 €

Total area 460 m²Land area: 2,400 m²4 bedrooms5 bathrooms

460 m², 4 bedrooms, villa + plot 2,400 m²

Almancil, Faro, Portugal

4,500,000 €

Two-storey villa with sea views in Cascais, Lisbon, Portugal for 1,235,000 €

Two-storey villa with sea views in Cascais, Lisbon, Portugal

1,235,000 €

Total area 300 m²Land area: 350 m²5 bedrooms5 bathrooms

300 m², 5 bedrooms, villa + plot 350 m²

Cascais, Lisbon, Portugal

1,235,000 €

Villa – Estoril, Lisbon, Portugal for 8,200,000 €

Villa – Estoril, Lisbon, Portugal

8,200,000 €

Total area 671 m²Land area: 6,366 m²9 bedrooms7 bathrooms

671 m², 9 bedrooms, villa + plot 6,366 m²

Estoril, Lisbon, Portugal

8,200,000 €

Four-bedroom villa with ocean views in Funchal, Madeira, Portugal for 506,000 €

Four-bedroom villa with ocean views in Funchal, Madeira, Portugal

506,000 €

Total area 640 m²4 bedrooms4 bathrooms

640 m², 4 bedrooms, villa

Funchal, Madeira, Portugal

506,000 €

Four-bedroom villa in Santa Barbara de Nexe, Faro, Portugal for 795,000 €

Four-bedroom villa in Santa Barbara de Nexe, Faro, Portugal

795,000 €

Total area 400 m²Land area: 6,360 m²4 bedrooms4 bathrooms

400 m², 4 bedrooms, villa + plot 6,360 m²

Santa Bárbara de Nexe, Faro, Portugal

795,000 €

Villa – Vila do Bispo, Faro, Portugal for 620,000 €

Villa – Vila do Bispo, Faro, Portugal

620,000 €

Total area 115 m²Land area: 181 m²2 bedrooms2 bathrooms

115 m², 2 bedrooms, villa + plot 181 m²

Vila do Bispo, Faro, Portugal

620,000 €

Villa – Estoril, Lisbon, Portugal for 1,500,000 €

Villa – Estoril, Lisbon, Portugal

1,500,000 €

Total area 420 m²Land area: 2,000 m²4 bedrooms4 bathrooms

420 m², 4 bedrooms, villa + plot 2,000 m²

Estoril, Lisbon, Portugal

1,500,000 €

Villa – Alcabideche, Lisbon, Portugal for 595,000 €

Villa – Alcabideche, Lisbon, Portugal

595,000 €

Total area 200 m²Land area: 251 m²4 bedrooms4 bathrooms

200 m², 4 bedrooms, villa + plot 251 m²

Alcabideche, Lisbon, Portugal

595,000 €

Villa – Lisbon (city), Lisbon, Portugal for 1,850,000 €

Villa – Lisbon (city), Lisbon, Portugal

1,850,000 €

Total area 400 m²Land area: 818 m²4 bedrooms6 bathrooms

400 m², 4 bedrooms, villa + plot 818 m²

Lisbon (city), Lisbon, Portugal

1,850,000 €

New three-storey villa with a pool in Almancil, Faro, Portugal for 1,995,000 €

New three-storey villa with a pool in Almancil, Faro, Portugal

1,995,000 €

Total area 472 m²Land area: 730 m²4 bedrooms4 bathrooms

472 m², 4 bedrooms, villa + plot 730 m²

Almancil, Faro, Portugal

1,995,000 €

Villa – Foz do Arelho, Leiria, Portugal for 699,000 €

Villa – Foz do Arelho, Leiria, Portugal

699,000 €

Total area 310 m²Land area: 1,100 m²5 bedrooms4 bathrooms

310 m², 5 bedrooms, villa + plot 1,100 m²

Foz do Arelho, Leiria, Portugal

699,000 €

New 4-bedroom villa in Cascais, Lisbon, Portugal for 1,700,000 €

New 4-bedroom villa in Cascais, Lisbon, Portugal

1,700,000 €

Total area 258 m²Land area: 332 m²4 bedrooms4 bathrooms

258 m², 4 bedrooms, villa + plot 332 m²

Cascais, Lisbon, Portugal

1,700,000 €

Exquisite 7-bedroom villa in Lisbon, Portugal for 5,800,000 €

Exquisite 7-bedroom villa in Lisbon, Portugal

5,800,000 €

Total area 800 m²Land area: 1,000 m²7 bedrooms8 bathrooms

800 m², 7 bedrooms, villa + plot 1,000 m²

Lisbon (city), Lisbon, Portugal

5,800,000 €

New villa with a pool and a garage in Cascais, Lisbon, Portugal for 1,070,000 €

New villa with a pool and a garage in Cascais, Lisbon, Portugal

1,070,000 €

Total area 230 m²4 bedrooms4 bathrooms

230 m², 4 bedrooms, villa

Cascais, Lisbon, Portugal

1,070,000 €

Villa – Cascais, Lisbon, Portugal

1,850,000 €

Total area 418 m²Land area: 800 m²10 bedrooms5 bathrooms

418 m², 10 bedrooms, villa + plot 800 m²

Cascais, Lisbon, Portugal

1,850,000 €

Houses and villas for sale in Portugal

Discounted homes upon request

FAQ about Portugal