Updated: April 3, 2024
Luxury yachts bobbing in the water, beautiful beaches welcoming you for a dip in the cool Atlantic Sea, and a sun-dappled promenade – Cascais is the dream. Many celebrities have opted to call Cascais home, and with good reason. Cascais Portugal real estate offers sought-after postcodes and may well be the perfect spot for you.
In this article, we’ll provide you with everything that you’ll need to know about Cascais real estate, from introducing you to this sunny resort town and running over the different areas to practical information that you should be aware of.
An Overview of Cascais's Real Estate Market
Portugal real estate has moved from strength to strength in recent years, with expats from across the globe choosing to settle – or snap up a property here. And for lifestyle buyers, it doesn’t get better than Cascais.
Portugal has seen a rise in luxury homes for sale – in Comporta, Troia, and Melides, to name a few. However, the most famous area for luxury properties is Cascais, given its close proximity to the capital, Lisbon, which is just a short 30-minute drive along the coast.
The Portuguese Riviera has a history of being a desirable location. Cascais, in particular, is a well-known town of luxury. Many celebrities have properties here, such as the designer of Steve Jobs’ yacht and Phillipe Starck, amongst many others.
If you are looking for the perfect mix between city and beach life, then Cascais is the perfect place to call home.
The current state of the real estate market in Cascais, Portugal
The Cascais real estate market has been popular with expats for several years and remains appealing to global investors. Since 2017, Cascais has witnessed a growth rate exceeding 100 percent, highlighting the town’s popularity with foreign buyers. While buying property for an investment certainly pays off, lifestyle buyers could perhaps find no better place than this world-renowned part of the country.
Key property trends in Cascais
Demand in Cascais has increased significantly over the past years, influencing property price increases in the Portuguese Riviera, and this trend looks set to continue in the future.
Alongside this, the town’s strategic location and reputation will cause property values to rise, allowing for the potential for capital appreciation. Brick and mortar have long been a solid investment opportunity. If you are considering investing in an asset that will increase in value over time, look no further.
Property Prices in Cascais
The average price of homes for sale in Cascais will vary depending on the area, house type, proximity to key services, and facilities. For example, if you opt to have a pool, this will incur additional costs.
In 2023, the average asking price for property was €5,835 per square meter in the Cascais area. Please bear in mind that the values mentioned here represent asking prices, and the actual selling prices of properties can often be significantly lower. Sellers frequently aim to sell their properties by a specific date and may be influenced by various factors. Additionally, it’s important to recognize that these figures represent averages and could potentially be higher as well.
Below, you can see the average asking price for property in the Cascais area.
Cascais | €5,835 |
Cascais e Estoril | €7,330 |
Carcavelos e Parede | €5,231 |
Alcabideche | €5,032 |
S Domingos de Rana | €3,709 |
Investment Opportunities: Real Estate Cascais, Portugal
As we’ve mentioned, as Cascais continues to grow in popularity, it remains a very good town to invest in. Strategically located close to Lisbon, and with the glorious Sintra-Cascais Natural Park nearby, plus an array of incredible beaches, the area has a lot going for it.
While property prices are higher than they once were, it is possible to get a nice return on your investment. This makes investing in Cascais a lucrative venture for international investors, where yields stood at 5.6 percent in 2023. If you look at Carcavelos and Parede, rental yields were particularly high, clocking in at 5.9 percent, the highest in the Cascais area.
Exploring Cascais Real Estate for Sale: Town and Area Guide
To provide you with an indication of house prices and a flavor of the different areas to buy, below you will find a walkthrough of the viable locations for purchasing property in the Cascais municipality.
Cascais and Estoril
The average asking prices for properties in Cascais and Estoril in 2023 stood at €€5,835 per square meter, the highest for the Cascais area. However, here, you will find true luxury. With modern apartments for sale in Cascais, Portugal, swish villas, and a yacht marina, this is a desirable area to buy luxury homes. Cascais also has ample history, with palaces and mansions that remind you of a previous era. Walk up the coast, and you can find the oftenwindy Praia de Guincho, where keen surfers rush to the sea.
Cascais and Estoril offer the most luxury homes for prospective buyers. If you are looking for Cascais, Portugal real estate beachfront properties, then you can’t get much better than this part of the country, particularly for lifestyle buyers. Outside the center of Estoril, you have many mansions with pools and a sea view that are very close to the beach. Cascais and Estoril are arguably where the true luxury heart of Portugal is beating.
For families, living in Cascais or Estoril is a very good area, as there are excellent international schools close by. For example, Park International School, St António International School, and St John’s International School are all excellent choices. There are also very good real estate listings available, with spacious homes and excellent services and amenities. Whether you are looking for Cascais old town property for sale, where you can meander down the cobbled streets, or a modern apartment with sweeping Atlantic Sea views, you will find it here.
Alcabideche
Alcabideche is located to the north of Cascais and Estoril, with Sintra National Park to its north. Sandwiched between two popular areas, Alcabideche could be an intelligent area in which to purchase your dream home. Property prices here are slightly lower than in Cascais and Estoril, standing at €5,032 per square meter in 2023.
Sintra National Park offers beautiful palaces, such as Pena Palace and the Castle of the Moors. What’s more, this is a great area if you like cycling or hiking, and you are also very close to the beautiful and less busy beaches in the area, such as Praia da Ursa and Praia da Adraga. Great golf courses are also close at hand, with Penha Longa Resort being a fantastic choice for your weekly golf fix.
There are good international schools close by, such as IPS-International Preparatory School and St James’ Primary School. If you are looking for a luxury villa with a swimming pool or a family home, you will find many options here.
Check out our article: Top 10 Natural and National Parks in Portugal.
São Domingos de Rana
São Domingos de Rana is located behind Carcavelos and Parede and is the most affordable area to purchase homes for sale in the Cascais municipality. Average asking prices here in 2023 were €3,709 per square meter. If you are looking for cheap houses for sale in Cascais, Portugal, you should check out São Domingos de Rana. This is a very old parish, with human habitation almost permanent since the Paleolithic era, and the area is associated with fertile soils and fresh spring waters.
You are also not far from the sea, and as you are in a quieter area, you will not be affected as greatly as nearby areas by the influx of beachgoers in the summer months. A more affordable area than the other municipalities, you are also close to Lisboa, a mere 20-minute drive away.
Carcavelos and Parede
Surfers in Lisbon will probably know Carcavelos well. The beaches offer great waves to surf but also allow for gentle relaxation by the beautiful beach. Perhaps these are the factors that give Carcavelos its laid-back vibe, where time doesn’t really matter.
Located the perfect distance between Lisbon and Cascais, Carcavelos and Parede are practical places to live. In Carcavelos, large, detached houses lead down to the beachfront. This is transformed in the summer months as locals and tourists alike flock in from the capital and nearby areas. However, when you move back from the beachfront, the tranquility of the area returns.
Parede is home to the Avencas and Parede beaches. Above these, you have fine-dining restaurants and terrace bars on the waterfront promenade, offering a fantastic sea view for all.
The average prices of homes for sale in Carcavelos and Parede are significantly cheaper than in Cascais, with average prices sitting at €5,231 per square meter in 2023. There are also very good international schools here, such as St Julian’s School and St Dominic’s International School.
Check out our expert guide to buying a property in Cascais
Property Types in Cascais
You’ll find a wide selection of properties in Cascais and the surrounding area, whether you are looking for a spacious house with waterfront views or a modern apartment with state-of-the-art facilities. In this section, we’ll delve into some of the best options.
Houses for sale in Cascais
You’ll find several spacious houses for sale in Cascais and the surrounding area. These properties generally have modern amenities, but the traditional architecture remains in place, plus many are just a short distance from one of several delightful beaches you’ll find hugging the coast.
Modern apartments
You’ll find plenty of modern apartments in Cascais, many with stunning ocean views. Apartments are a good investment property, providing an opportunity to earn a steady rental income, and their value looks set to increase over time.
Waterfront properties
The allure of Cascais’s stunning coastline is one of the main attractions for buyers. You’ll find luxury properties with stunning views of the Tagus River, plus smaller, more modern apartments that come with a lower price tag.
Luxury properties in Cascais
If you are looking for a luxury apartment or spacious villa, Cascais presents an array of luxury properties. These sophisticated homes provided unrivaled luxury, many of which have sweeping river views, private pools, gyms, and private security.
Lifestyle in Cascais
Lifestyle in Cascais is the dream for many. Conveniently located on the doorstep of Lisbon, you can enjoy the perks of city life, while embracing some peace and tranquility by the ocean.
Cascais has an attractive climate, with hot summers and mild winters. Neighboring Estoril and Carcavelos (a little further down the coast) also offer delightful properties that are slightly closer to the bright lights of the capital. Ian Flemming famously visited Casino Estoril, finding inspiration for the James Bond novels. If you were to drive through the coastline or drink a martini in one of the riverside bars, you might indeed be transported back into your favorite spy film.
Here, we present some of the major attractions of living in Cascais.
- World-class golf courses: Home to seven championship golf courses, if you are a keen golfer, then you will be able to entertain yourself while meeting other expats.
- Stunning beaches: The beaches in Cascais provide your sun-tan fix. In the winter months, Lisbon residents flock here, but for much of the year, you’ll be able to unwind in peace on these sandy beaches.
- Incredible gastronomy: Enjoy the local delicacies in any of the surrounding fish and seafood restaurants. What’s more, most of the seafood restaurants do not close down in the winter months, as they do in many other areas of the country.
- Cultural festivals: From jazz to handiwork, there is an array of festivals to enjoy whatever your interests.
- Watersports: Whether you are looking to go kayaking, paddleboarding, or just fancy a dip in the sea, proximity to the ocean means you can make the most of living beside the water. Surfers will also find excellent waves at Praia do Guincho.
- Sintra-Cascais Natural Park: The Sintra-Cascais Natural Park is the perfect getaway for nature lovers, with hiking trails and biking trails attracting locals and expats to this stunning part of Portugal. You’ll also come across several hidden beaches along the coast here, and the incredible Castle of the Moors and the colorful Pena Palace provide history lovers with their cultural fix. If you are considering moving to Cascais with family, what could be better than having this stunning natural park on your doorstep?
Practical Information on Cascais
In this section, we will arm you with some practical information that could come in handy if you are considering moving to Cascais.
Climate in Cascais
Cascais has an excellent climate, where the cool sea breeze stops it from getting uncomfortably hot in the summer months. Winters are mild, and you should be able to make a trip to the beach throughout the year.
The usual temperature range in this area varies from 15 Degrees C (59 Degrees F) during the colder months to a peak of 24 Degrees C (74 Degrees F) in the warmer period, which typically occurs in August.
Schools in Cascais
Cascais provides access to reputable international schools like St Julian’s School, offering quality education for families moving to the area. Indeed, out of the 20 schools that you will find in the Greater Lisbon Area, 13 are in the Cascais and Estoril area, with two further schools in Carcavelos.
Healthcare
The town is equipped with excellent healthcare facilities, prominently represented by Cascais Hospital, ensuring residents have access to reliable medical services. Public healthcare in the country is generally very good and comes at a minimal cost to residents. Private health services are also much more affordable than in the US and other European countries, with many expats opting to take out private health insurance.
Transport in Cascais
Cascais benefits from efficient transportation, with well-connected train and bus networks linking the town to Lisbon and surrounding areas facilitating easy and convenient travel. Direct trains to and from Lisbon occur frequently, making it easy to head into and out of the capital.
Why Invest in Cascais, Portugal, Real Estate
Whether you are looking to move to Portugal with family, retire in exclusivity, or invest in a terrific property, there are property options to cater to your needs. For example, a spacious property by the coast close to an excellent school would be perfect for a family looking to relocate and embrace a high quality of life. Retirees will find charming properties with a sea view, and investors will find that they can secure a nice return on their investment.
The main selling points of Cascais are its luxurious lifestyle and worldwide fame, where you’ll be able to meander down cobbled streets to white sandy beaches and enjoy the sublime weather and delicious cuisine. The town’s proximity to Lisbon is another major advantage, where you can delight in everything a bustling European capital has to offer while still embracing your peace and quiet. The best of both worlds.
The future of Cascais’s real estate market
It is expected that the real estate market in Cascais will continue to broaden its range of residential properties, continuing to cater to a diverse array of investors and enhance its overall appeal. As we’ve mentioned, fueled by increasing demand, properties will likely increase in value over time, making buying property here an appealing investment.
Cascais real estate investment: Making your vision a reality
So, how do you turn your vision of a dream home in Cascais into a reality? Well, enlisting the help of a buyer’s agent can come in handy. Buying a property in your home country is difficult, let alone one where you may be unfamiliar with the language, processes, and legislation. A buyer’s agent, such as Goldcrest, can provide you with clarity throughout the process, allowing you to secure your dream home with confidence.
Goldcrest: How We Can Help
If you’re interested in investing in Cascais real estate, contact Goldcrest. We are a local buyer’s agent situated in Portugal. We provide insightful real estate expertise, strategic advice, and access to exclusive real estate listings, and we can also assist with property management services if you are considering renting out a property long-term. From sourcing to property acquisition, we help clients identify outstanding investment opportunities in some of Portugal’s finest locations.
Whether you’re a family looking to relocate or invest in land for redevelopment, our team of experts can help you find the right property without the hassle or fuss. Contact us to get the ball rolling on your real estate investment in Cascais.
Frequently Asked Questions about Cascais Real Estate
Where is the best area to buy property in Cascais?
Cascais Municipality is well-developed and has very good amenities and services. Indeed, the Cascais property market is very attractive. If you are looking for a taste of true luxury, then property for sale in Cascais and Estoril may be the perfect opportunity to find your dream home.
Neighboring Carcavelos and Parede offer very attractive properties. These properties are not quite so expensive and are also closer to the capital. For more affordable properties, Alcabideche and São Domingos de Rana also provide you with viable properties that have their own advantages.
For advice that is guaranteed accurate, consider working with a real estate professional. You can find one deemed reliable by former clients using online reviews or referrals from trusted individuals. Buyer’s agents will have access to real estate listings that you will not find elsewhere, plus provide assistance from sourcing property through to acquisition.
Is Cascais a good area for families?
If you’re a family looking for homes for sale in Cascais, know that it has some of the best international schools in the country, such as St António International School and St John’s International School.
Cascais has large detached houses with lots of space that are good for families. The proximity to the beaches in Cascais and the National Park of Sintra has the added bonus of being close to nature. The climate of Portugal allows children to play outside any time of the year.
What are the main perks of living in Cascais?
The real attraction of Cascais is its lifestyle. If you are looking to buy luxury homes or villas for sale in Cascais, you will no doubt be enthralled by the municipality’s vibrant yet relaxing vibe. With beautiful beaches in Cascais, luxurious villas and houses, and some of the best restaurants in Portugal, you’re always assured of something to do and see. There are many activities at your doorstep, such as world-class golf courses and Sintra National Park, for those who enjoy cycling and hiking. The close proximity to Lisbon is another advantage of finding a property for sale in Cascais. Cities like Lisboa – the capital, Sintra, and more are a short drive away.
What is the average house price in Cascais, Portugal?
In 2023, the average asking price for property was €5,835 per square meter in the Cascais area. You can check real estate listings to get an overview of the market.
Cascais, Portugal, real estate for sale provides an array of properties, and with each part of the Portuguese Riviera having its own unique characteristics, where you buy will depend on your preferences.
After checking real estate listings, it can be beneficial to work with a buyer’s agent. They will have access to properties that you will not find elsewhere, plus access to real estate listings not yet on the market, making it easier for you to discover your dream home in Portugal.
What type of Cascais real estate listings are promising for property investors?
Cascais stands out as a central location for property investors eyeing the Portuguese real estate market. Located a scenic 30-minute drive along the coastal line from Lisboa, Cascais offers an enticing blend of lifestyle and solid investment potential.
Real estate in Cascais, Portugal, is particularly attractive, with rental yields averaging an impressive 45.6 percent in 2023. With the help of a buyer’s agent like Goldcrest and Cascais real estate listing websites, prospective buyers can explore a diverse range of real estate listings, from modern apartments to luxurious villas, some within the center of a serene yacht marina. Notably, Cascais and Estoril emerged as the premier destinations for luxury homes, making them sought-after cities for those keen on investing in the region.
For those specifically interested in beachfront homes and apartments, Cascais, Portugal, proves to be an ideal place, offering an unparalleled experience for lifestyle buyers and a central line to profitable investment for investors. The city boasts not only beautiful beaches but also a vibrant atmosphere, making it an excellent investment choice.
Whether one is seeking a casa (house in Portuguese) with a seaside view or a property in a century-old building, Cascais provides a diverse range of options. The region is not only perfect for property investment but also serves as a popular destination for visitors looking to experience the rich cultural heritage of Portugal.
With its strategic location, excellent shopping options, and proximity to Lisboa Airport, Cascais emerges as a city of promise for both investors and those seeking a beautiful place to call home in this charming coastal town. The Cascais real estate listings help by offering a guide to the best properties for sale in Cascais and the beauty Cascais cities have to offer. Experts recommend exploring the opportunities in the vibrant Cascais real estate market.
How can I find property for sale in Cascais?
The first step is to do some online research using keywords such as “house for sale Cascais,” “home for sale Cascais Portugal,” “buy a house in Cascais Portugal,” or “villa for sale Cascais.” This will provide you with an overview of the Cascais real estate market. Following this, choose a real estate agent or buyer’s agent who will be able to assist with the purchase. Expert help is crucial to ensure that you don’t run into any problems and the house buying process runs smoothly.
Note that real estate agents work on behalf of the seller and will get a higher commission for a higher sale. A buyer’s agent works solely on behalf of the buyer and will protect their needs, helping you secure your dream home at the best possible price.
What is the average house price in Cascais, Portugal?
In 2023, the average asking price for Cascais property was €5,835 per square meter. Note that this is the asking price, and the sales price can be significantly lower than this. Prices can also be higher than this, but this is much less common.
