Updated: September 29, 2023
Whether it is a stunning property tucked away in one of the most beautiful corners of the Portuguese countryside, with acres and acres of land, or in one of Portugal’s vibrant cities, there are many areas to find a mansion for sale in Portugal. From the historic north to the buzzing capital to an exclusive property in the south of the country, you should be able to find the perfect place for you.
In this article, we’ll explore some of the attributes that make Portugal stand out as a country to invest in. Following this, we will delve into some of the most desirable areas to find a mansion for sale in Portugal.
Why find a mansion for sale in Portugal?
With arguably the best climate in Europe – Spain is in close competition – Portugal offers an annually mild climate, including more than 300 days of sunshine a year in the south of the country. Factor in a thriving real estate market with stunning properties at relatively affordable prices in beautiful locations, and you’ll be able to see why buying in Portugal is an excellent investment.
The Real Estate Market in Portugal
There is no shortage of benefits to investing in Portugal property. The real estate market has become one of the most sought-after in Europe, with investors from across the world fixing their eyes on Portugal as a profitable investment opportunity. Whether you are looking for Portugal luxury homes, a modern apartment in a bustling city, or a waterfront property with sweeping views of the Atlantic, Portugal certainly delivers.
Looking back in the last five years, from 2017 to 2022, prices for Portugal homes have been moving upward trajectory across the country, albeit with varying degrees of growth in different areas. For example, Lisbon stands out, with its property prices experiencing a remarkable 85 percent increase from 2017 to 2022. This surge has elevated the average asking price for properties in the Lisbon Metropolitan Area from €2,299 to €4,250 per square meter. Portugal homes come in all shapes and sizes, from swish condos and modern apartments to spacious villas and townhouses. You should have no problems finding the property type that meets your requirements. When it comes to buying luxury property, expect a higher price tag.
With this said, properties in Portugal remain relatively cheap when compared to other European countries. Buyers are able to secure good-quality properties at very attractive prices.
Quality of Life
If you have visited Portugal, you will know three truths about Portugal. Firstly, the weather is stunning. With a favorable climate year-round, you are able to enjoy the multitude of beaches and great outdoors whenever it takes your fancy.
Secondly, the cuisine in Portugal is phenomenal. Perhaps overlooked in the Mediterranean when compared with the likes of Italy and Spain, Portugal can certainly hold its own. Its gastronomy of fresh fish and seafood, cured meats, local produce, and fabulous wine are some of the best in the world.
Thirdly, the Portuguese people are some of the friendliest that you will come across. You can easily find a local not only providing you with directions but also going out of their way to help you find your way to your destination. Together, these three attributes help make Portugal such a special country.
On top of this, Portugal also has an attractive tax incentive for expats. The non-habitual resident (NHR) scheme allows you to live with certain tax freedoms for up to ten years.
Where to Find a Mansion for Sale in Portugal
The first decision that you will need to make is simple. Would you like to spend your days in a charming Portuguese city, in the depths of nature, or close to the beach to while away a fine summer’s day? There are many areas to find incredible mansions in Portugal. Here, we’ll provide you with an overview of the most desirable areas so that you are best placed to find the mansion of your dreams.
Lisbon does not really need much of an introduction. A contrast of modernity and tradition, the city has built itself on its rich history, from the Moors to the Romans. With the red-topped rooftops of the houses, the spectacular views of the river, and the Ponte de Abril 24 bridge with the iconic Christ Statue, the beauty of the city knows no bounds.
Buying a mansion in Lisbon provides you with the feel of an outward-looking, cosmopolitan capital. With luxurious restaurants, top rooftop bars, and beaches close to the city, you will be living in the centerpiece of the country. Having a mansion in Lisbon would be a recluse of peace in a truly special city, where something always seems to be going on.
It is worth noting that Lisbon has its own price range when compared to the rest of the country. Also, as an international hub, many startups and tech companies have selected Lisbon as their new home. Take Websummit, the largest tech festival, which now takes part annually in the sun-drenched capital. Owning a luxury property in Lisbon is, therefore, an extremely attractive investment prospect, given the continued interest in the capital.
If you’re interested in discovering the best neighborhoods in Lisbon, feel free to check out our article: Best Neighborhoods in Lisbon.
Hot on the heels of Lisbon, Porto is an investor’s dream. With cheaper properties and increased demand, Portugal’s second city is thriving. The city has a historic center and a bustling food scene, with locals and expats alike delighting in the riverside restaurants by the river. Looking to the other side, you can see the bright lights of the wine houses on the opposite side.
If you are considering buying a mansion in Porto, a very nice area would be Foz do Douro. By the glimmering Atlantic ocean and with a sea view, here is a great location if you are looking to live with your family. There are beautiful mansions and houses for sale. The area has very good international schools and all the services that you could need. If you are looking for the best of both worlds, the beach and the city, you probably could not choose a better place.
If you would like to know more about Porto, you can check out our article: Porto Portugal Real Estate: Where to Buy Property in Porto?
On the other side of the river, Vila Nova de Gaia also offers beautiful mansions and luxury properties. Here, you will find properties that are more affordable. The other side of the river is also very close to peaceful beaches and top restaurants. Indeed, Vila Nova de Gaia will likely continue to increase in popularity in the coming years.
Well-known as a celebrity hotspot in Portugal, the fact that Cascais has some of the best international schools in the country is not such common knowledge. With luxurious properties and grand mansions close to the beach, Cascais remains a sought-after location. Many properties are equipped with pools, gyms, and other attributes. As you are only a short 30-minute drive from Lisbon, you are easily able to enjoy the many pleasures of the capital.
To understand more about the different areas, our article on real estate in Cascais should be your first port of call.
As with Lisbon, the Algarve does not need an introduction. This region is much loved by expats, particularly the British, who come in their droves to the sun-drenched south. Indeed, much of the area is so geared up to tourists that you may hear more English than Portuguese in some of the resorts.
This does not mean that the entire Algarve is flooded with expats. With the best climate in Portugal, you will certainly be able to find your quiet corner of tranquility. Some of the most luxurious properties are found in the Algarve. Many celebrities have opted to call the sunny south their home and have snapped up a luxury property in the region. If you are looking to find a killer mansion in Portugal, the Algarve may prove to be the place for you.
You can check out this article for more information on the Algarve: Algarve Real Estate: Discover Your Dream Home.
The birthplace of Portugal, where Alfonso I, the first king in Portugal’s history, was believed to have been born. For the avid historian, Guimarães is not to be missed. What’s more, the city could be the perfect location in which to find a mansion for sale in Portugal.
With a milder climate, the north of Portugal offers a relaxed way of life, where you will likely see locals out with a donkey, old men sitting passing the day with a coffee, or a little later, a cerveja (beer). Life has not changed much in the north of Portugal. And if you end up moving there, you wouldn’t have it any other way.
The northern city of Braga, further west, also makes an attractive city in which to live. To read more about the real estate market in Braga, please see our article,Braga Portugal Real Estate: Luxury in the North.
Viana do Castelo
Viana do Castelo, on the northern coast of Portugal, is a charming city that blends a rich history with a vibrant cultural scene. Plus, the fact that you are situated next to the ocean provides buyers with the best of both worlds. Situated close to the Spanish border, buyers will be able to enjoy the delights of both countries; Viana do Castelo houses some historical gems. Indeed, the 16th-century Santa Luzia sanctuary is a must-see, providing sweeping views of both the city and the ocean. If you were to buy a mansion here, you’ll be able to enjoy life to the fullest, and may even find a bargain as property prices will be significantly lower than in other better-known cities. The fact that you are located close to some exceptional vineyard locations is the cherry on top for wine lovers.
You can find out more in this article: Viana do Castelo Real Estate.
In the center of Portugal, Coimbra is the oldest university city in the country, with Romanesque designs, elaborate towers, and churches on either side of the city walls. By the Mondego River, owning a mansion here provides you with a taste of history in a more sedate part of Portugal.
Expats tend to flood to Lisbon and Porto. Therefore, Coimbra retains a sort of quiet charm that is by no means lacking in incredible restaurants and tapas bars. There is also a buzzing nightlife scene due to the steady influx of students who come to call Coimbra home.
You can see more about Coimbra in this guide: Coimbra Portugal Real Estate: An Overview.
Frequently Asked Questions about Where to Find a Mansion for Sale in Portugal
Where is the best place to find a mansion for sale in Portugal
There are many areas where you will be able to find a mansion for sale in Portugal, with luxury homes on the market up and down the country.
It will mostly depend on which part of Portugal you want to live in. Lisbon and Porto offer the perks of the city, and Cascais and the Algarve provide close proximity to the beaches. The north offers a quieter and more relaxed pace of life.
Consider also the services you need close at hand, such as healthcare, schools, and so on. A mansion, and all luxury property for that matter, is a major investment. Consider working with experienced professionals to assist you with the purchase and to assist you in determining the luxury property that meets your needs.
How much will a luxury mansion in Portugal cost?
The price of a mansion in Portugal will vary depending on the location, size, age of the Portugal property, and facilities.
For example, a mansion in Lisbon or Cascais will likely be more expensive than a mansion in Guimarães. Nonetheless, luxury property in Portugal remains more affordable than in other European countries.
Are there restrictions on foreigners buying Portugal property??
No, you will face no restrictions when it comes to buying Portugal property. Note that if you are looking to move to Portugal, you will need to secure a residence permit in the country. You’ll find many property types in Portugal, from luxury property to modern apartments.
Can I find luxury property in Portugal?
Yes, from luxurious villas to modern apartments, you’ll find luxury property across the country. Checking out real estate listings is a good way to get an overview of the market. Note that working with a buyer’s agent in Portugal that is deemed reliable can be an excellent idea. They will have access to real estate listings and new listings of Portugal properties that you will not find elsewhere, whether you are looking for luxury homes, waterfront villas, or a simple modern apartment in the city.
They will also ensure you are not paying the maximum price set by the seller but will be able to negotiate on your behalf to secure the guaranteed accurate best deal for you, the buyer.
Where can I find luxury property in Portugal?
Some of the best places to find luxury property are the so-called Golden Triangle and Lagos in the Algarve, Lisbon, and Porto. However, you’ll find luxury homes across Portugal, including on the autonomous islands of Madeira and the Azores.
What types of luxury property can I find in Portugal?
Portugal luxury homes come in all shapes and sizes. When it comes to Portugal property types, you should be able to find your dream property, with luxury homes such as vineyards, castles, palaces, and farms also on the market.