Property prices in Portugal
There are two popular regions in Portugal: Estremadura (including Lisbon) and the Algarve.
Lisbon, the capital, is the country’s business and cultural centre so real estate is in high demand. On the other hand, popular summer destinations are found along the Lisbon Riviera on the Atlantic coast, like the towns of Estoril, Cascais, Caparica, Sesimbra and Carcavelos. Here, buyers can find luxurious villas, beautiful beaches, upmarket restaurants, golf courses and the famous F1 race track that closed in 1996. Apartments in the region cost from €120,000 to €4.5M and villas from €160,000 to €18M.
Portugal’s Algarve is the southernmost province and has almost 200 km of coastline. Living standards are high here, there are many good beaches and golf courses and the region is known for its prime construction industry. Although a lot of houses are empty from October to April, they are in high demand during the summer months. Popular resorts include Praia da Rocha, Vale de Lobo, Vilamoura and Albufeira. There is an international airport in Faro, the capital of the province. Studios in the Algarve cost about €70,000–80,000 and villas from €11M.
Porto is the second biggest city after Lisbon. It is located in the north of the country. As a centre for industry, commercial property is in high demand. However, many foreign buyers also buy villas there with prices ranging from €200,000 to €3.5M.
Madeira island is a dream for many property buyers. Located in the Atlantic Ocean, it is about 1000km from continental Portugal. Buyers and tourists here are mainly from Germany, the UK and Scandinavian countries. Popular locations on the island include Funchal, Monte, Santana, Curral das Freiras and Camara de Lobos, where Winston Churchill liked to spend his holidays. The world-famous Madeira, a fortified Portuguese wine, is produced in Girao and Estreito de Camara de Lobos. Apartments in Madeira cost €160,000–200,000 and house prices range from €300,000–800,000.
The most popular properties in Portugal are apartments, country houses and villas on the coast. The country has some of Europe’s best golf resorts and thanks to the clement climate, people even play golf here during the winter.
Prices for villas vary from €180,000 to €600,000 and apartments from €60,000 to €250,000. Prime real estate can sell for millions.
|Apartment||1 200 — 3 800||1 200 — 3 600||
||1 100 — 4 600||
|Prime property||4 200 — 5 800||5 500 — 7 400||2 000 — 4 000|
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