Updated: September 20, 2023
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 and running over the different areas to purchasing a property here. And, if you are looking to purchase homes for sale in Portugal, you can check out our article on Portugal Real Estate: Everything You Should Know Before You Buy.
Overview of Cascais
Cascais is the Lisbon coastline’s premier holiday destination. From its humble beginnings as a traditional and charming fishing town in Portugal, Cascais has developed into a highly popular resort town. Not far from Cascais, cities like Sintra and Sesimba are great locations to visit for a day trip or a stop along your way to Lisbon.
Why buy Cascais property real estate?
In recent years, 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. Indeed, in Portugal, many celebrities have come to call this country home and bought houses here.
Home to seven championship golf courses, if you are a keen golfer, then you will be able to entertain yourself while meeting other expats. The beaches in Cascais provide your sun-tan fix, and why not 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.
Not just an attractive town for its lifestyle, the Cascais real estate market also provides very solid investment opportunities. Rental yields in 2022 stood at an average of 4.4 percent in 2022.
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.
It can be a good idea to find Cascais Portugal real estate for rent while you scout around and settle on a property to buy. This will provide you with a base so that you can better discover your dream property.
What are the typical Cascais real estate prices?
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 2022, the average asking price for property was €5,563 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. The first step can be to check out real estate listings to get an overview of the market. Following this, it can be worth working with a real estate professional, who will have exclusive access to a greater range of real estate listings, and will save you hassle and time.
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.
Where to Buy Property for Sale in Cascais
Cascais and Estoril
House prices in Cascais and Estoril in 2023 stand at €6,898 € 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 often windy Praia de Guincho, where you can find keen surfers rushing 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, this is a very good area, as there are very good 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 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 to purchase your dream home. House prices here are also slightly lower than in Cascais and Estoril, standing at €5,527 per square meter in 2022.
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 house prices here in 2022 stand around €3,505 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 beach-goers in the summer months. A more affordable area than the other municipalities, you are also close to Lisbon, 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 around €4,745 per square meter in 2022. There are also very good international schools here, such as St Julian’s School and St Dominic’s International School.
So, how do I find a property in Cascais?
As you can see, there are many options to find luxury homes for sale in Cascais. You may find it helpful to enlist the services of a real estate agent – or a buyer’s agent, such as Goldcrest, that works specifically for the buyer – to help you find your dream home. As real estate professionals, their expert advice is guaranteed accurate, thanks to their great experience in and knowledge of Portugal’s real estate market. They will also have access to real estate listings that aren’t available to the general public, giving you an advantage in your search.
Their services will be deemed reliable by former clients, so it’s important that you do your due diligence and research the different real estate companies before using their services. You can explore their websites, talk to them by email, text message, or over the phone, and ask for referrals from former clients.
Goldcrest: Who We Are and How We Can Help You
If you’re interested in investing in Cascais property 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. 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 Portuguese real estate investment.
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 real estate 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 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. For example, Park International School, 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 that enjoy cycling and hiking. The close proximity to Lisbon is another advantage of finding a property for sale in Cascais. Cities like Lisbon – the capital, Sintra, and more are a short drive away.
What is the average house price in Cascais, Portugal?
In 2022, the average asking price for property was €5,563 per square meter in the Cascais area. You can check real estate listings to get an overview of the market. Following this, 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.