Buying Property in Cascais, Portugal: Best Places to Invest and Buy in 2025

As a US citizen, you are allowed to buy property in Cascais, along with property anywhere else in Portugal, without any restrictions. Cascais, Portugal, welcomes foreign investors and has a straightforward property acquisition process.

Working with a real estate lawyer is not a strict requirement for investing in property in Cascais, Portugal.

However, seeking professional legal services specialized in property law is recommended if you want to ensure your purchase process is compliant with Portuguese laws and as seamless as possible.

Other costs besides the property’s asking price must be factored in. These include notary service and registration fees, attorney fees, transfer tax (IMT), stamp duty fees, and potential expenses related to the land registry.

The deposit for the property usually lies between 10 and 25 percent of the purchase price, depending on whether the mortgage offer is accepted. However, to be safe, non-residents and foreign buyers should budget 30 percent of the property purchase price for the deposit payment on a property in Cascais, Portugal.

Property in the beautiful Cascais region is more expensive than in many other areas of the country. In 2024, the average asking price for a house in Cascais was €7,260 per square meter.

However, it is still relatively affordable when you factor in the beauty and luxury the popular coastline offers. With a bit of research and the right help, you will be able to find more affordable and cheap real estate listings.

Besides the beauty, tranquility, and safe lifestyle, a Cascais real estate investment can bring worthwhile returns on property investment through the vibrant tourism sector or rental income.

The high quality of life and activities on offer, such as the top-quality golf courses and water sports activities, add to its appeal, alongside excellent international schools, attracting families to the town and the surrounding area.

Many English-speaking expats from around the world live in Cascais, Estoril, Carcavelos, Parede, and Alcabideche. From families seeking top international schools to retirees looking for the perfect spot to retire, Cascais continues to catch the attention of international individuals looking for the ultimate relocation spot.

A buyer’s agent or a real estate agent in Cascais can help you find properties near the coastline. They have access to exclusive listings in the local area and around the country, with property prices tailored to your needs.

There are a number of potential pitfalls when buying property in Cascais, which is why seeking the professional services of a buyer’s agent is highly recommended. Possible issues may include legal complexities with property title deeds or debts attached to the property, or missing vital information pertaining to local regulations or tax laws.

Foreigners purchasing property should be aware of both purchase-related and annual taxes.

At the time of purchase, you will need to pay the Property Purchase Tax/Property Transfer Tax (IMT) and Stamp Duty.

Annually, the Municipal Property Tax (IMI) is required. Additionally, if you plan to sell your property, consider the Capital Gains Tax.

Calculated based on the property’s value or declared amount in the deed, the IMT (Municipal Tax on Onerous Transmissions of Real Estate) is a property transfer tax that needs to be paid before the purchase is completed. The property transfer tax rate varies from 0 to 8 percent based on factors like property type, location, purchase price, and intended use.

A fixed rate of 10 percent applies if the buyer is linked to territories with favorable tax schemes, known as blacklisted jurisdictions.

Estoril, Monte Estoril, and Quinta da Marinha are among the best neighborhoods in Cascais. You will find a wide range of homes for sale in Cascais Portugal offering luxury residences, excellent amenities, and proximity to popular beaches and golf courses.

The average asking property price in Cascais reached €7,260 per square meter in 2024. Note that this is the asking price, and the sales price is often significantly lower than this as the seller aims to sell by a set date.

To buy property in Cascais, follow these steps:

1. Determine your financing options and define your requirements.
2. Find your ideal property
3. Negotiate the price with the seller.
4. Sign the Reservation Agreement, followed by the Promissory Contract.
5. Complete the purchase by signing the Escritura (Final Deed), which transfers property ownership to you.

Foreigners can freely purchase property in Cascais or anywhere in Portugal. Key legal requirements include obtaining a Portuguese tax number (NIF), and it’s recommended to open a Portuguese bank account to reduce transaction costs. To ensure a smooth and successful buying process, it’s advisable to work with a real estate lawyer in Cascais and a real estate agent.

To find a reliable real estate agent when looking for houses for sale in Cascais, Portugal, seek out agents with positive reviews, local expertise, and proper certifications.

Recommendations from friends, family, and expat communities are invaluable for identifying top real estate agencies. Additionally, consider companies that have experience assisting expats in similar situations to your own.

Yes, there are more than fifteen banks in Portugal that provide mortgages for foreigners in Portugal, with some of the best banks to offer financing, including Millennium BCP, Novo Banco, Banco BPI, and Banco Santander Totta.

You can use our handy Portugal Mortgage Calculator to work out your loan to value and how much you can borrow.

Research market conditions, be informed about comparable property prices, and use a local agent to assist in negotiations for the best deal.

Bear in mind that real estate agents work on behalf of the seller and will get a higher commission for a higher sale. As such, working with a buyer’s agent can be the more attractive option as they solely represent you and ensure you secure the best property at the best price.

The Cascais market is experiencing steady growth, driven by increasing demand, limited supply, and continued high interest from international buyers.

Cascais’ property market is strong and dynamic, like the property markets in both Lisbon and Porto. Property prices in Cascais stand at €7,260 in Cascais per square meter, compared to €6,934 in Lisbon City and €4,883 in Porto City. Rental yields in Cascais stand at 5.5 in Cascais, while in the cities of Lisbon and Porto they stand at 5.2 and 5.9, respectively.

Buying luxury real estate in Cascais involves identifying prime properties, securing financing, conducting thorough due diligence, and negotiating purchase terms. Working with experienced real estate agents and lawyers familiar with the luxury market is crucial.

The rental market in Cascais is robust, driven by tourism and expats. Properties near the beach or high-end luxury properties for sale in Cascais command higher rents. Rental yields in Cascais stand at 5.5 percent.

Finding the best property deals in Cascais requires monitoring market trends, working with reputable local agents, and being ready to act quickly on opportunities.

It is worth working with a buyer’s agent who will be able to pinpoint properties that meet your criteria, negotiate the best price on your behalf, and ensure you do not miss out on the property that has caught your attention.

The fantastic quality of life in Cascais has certainly driven up property prices as more foreign buyers and locals eye up property here, with world-class golf courses and water sports adding to its appeal.

Cascais offers an exceptional quality of life with its stunning coastline, safety, excellent international schools, and vibrant cultural scene. This drives strong demand, positively influencing property values.

Cascais is more expensive than other parts of Portugal due to its coastal location and quality of life. While housing costs are higher, daily expenses like food, healthcare, and transport remain relatively affordable compared to other seaside areas in Western Europe.

Yes, foreigners can freely buy property in Portugal with no restrictions. The process is straightforward, and many non-residents purchase homes for relocation, retirement, or investment. It’s recommended to work with a real estate professional and a real estate lawyer for a successful purchase.

Yes, investing in property in Cascais is considered a good investment in 2025, particularly if buying property as a long-term investment.

Cascais is a highly desirable location close to Lisbon, known for its lifestyle appeal, strong rental demand, beautiful beaches, and property value appreciation.

Yes, there are 20 international schools in Cascais and Estoril, offering a range of teaching styles, curricula, and languages. International schools here include St George’s, St Dominic’s, and King’s College.

The closest airport to Cascais is Lisbon Airport, which is about a 30-minute drive away.