Portimão Portugal Real Estate: Your Complete Guide

Portimão Portugal real estate is versatile and full of opportunities for those who are looking to buy a new property or search for a second home in the sunny south of Portugal.

The property market in the Algarve is generally pricier than Portugal’s north, but with lots of beaches and a warm climate all year round, this area of Portugal comes with a whole host of perks.

This article about Portimão Portugal real estate will introduce Portimão real estate, which is a municipality in the Faro district, and all it has to offer, as well as the variety of properties available to ensure you have a better picture of this part of Portugal.

Types of Properties for Sale in Portimão Portugal

Algarve real estate continually proves to be a top investment for expats. Portimão’s real estate market is thriving, attracting both local and international buyers. The city’s popularity as a tourist destination has resulted in a growing demand for properties, including apartments, villas, and townhouses. The market offers a range of options and property listings to suit different budgets and preferences.

From modern beachfront condos with stunning ocean views to traditional Portuguese houses in the historic center, there is something for everyone. If you don’t mind a building site for a while, then maybe one of Portimao’s restoration projects could be for you. What’s more, extend your search to the outskirts of Portimao, and you may just find a perfect property there.

With its desirable location, vibrant lifestyle, and promising investment opportunities, Portimão’s real estate market continues to flourish.

The average asking price for Portimão Portugal real estate is €3,727 per square meter. Below, we go into further detail on the types of properties on the market, including ballpoint prices.

If you want to buy property in Faro, there are two ingredients to a successful purchase – working with an experienced local real estate professional and an Algarve real estate lawyer. They will make sure your buying journey is as stress-free as possible and that you comply with all legal requirements.

For reference, Portugal refers to the number of bedrooms in a property as T1, T2, T3, etc., meaning that on a property search site, set your filters and alert to the number of bedrooms you wish to have. So, a T1 house or apartment is a one-bedroom place, a T2 property has two bedrooms, and so on.

Note that you will find stunning properties across the Algarve region, from Faro real estate in the center to modern waterfront properties in Lagos. It is best to visit the region to determine which location could be best suited to your needs before deciding on a particular city or area to find your dream home.

One-bedroom properties in Portimão

The price range in the Portimão real estate market is varied, which means that no matter your budget, you’ll find the right house for you. One-bedroom flats start at around €120,000 ($129,283) or less but expect to do some renovation and decorating work before you move in.

For €185,000 ($199,312), you can find modern apartments in Portimão center, many of which have a balcony and private parking space. Some apartment blocks also have a swimming pool for their residents, included in the buying price. The average price for T1 apartments is approximately €225,000 ($242,398) for a modern and often furnished place.

On the upper end of the price scale for T1 apartments, you can find more spacious accommodations, ready-to-move-in, and that often come with a sea view. Prices start around €350,000 ($377,064) but go up to €410,000 ($441,703).

Two-bedroom properties in Portimão

On average, a two-bedroom apartment in Portimão costs between €250,000 ($269,316) and €450,000 ($484,768). Cheaper places can also be found, under €170,000 ($183,134), but be mindful that these are usually on the smaller side or need some renovation.

Portimão’s property development market is strong, and you’ll find a lot of T2 apartments in new and modern apartment blocks with lifts and balconies, from which you can enjoy fantastic views of the city and, more often than not, also the Atlantic Ocean.

Luxury apartments and small houses are also available. Just under €600,000 ($646,331), a two-bedroom villa with a garden, swimming pool, and parking can be yours, but you’ll find that the majority of apartments or houses with two bedrooms fall below this price range.

Three-bedroom properties in Portimão

More commonly, you’ll find that many T3 properties are on the market between €290,000 ($312,397)and €390,000 ($420,120). For example, a three-bedroom apartment with a lift and parking and a five-minute walk from the beach is on the market for just under €320,000 ($344,719)

With the increase in bedrooms and space, three-bedroom houses or apartments are on the market for a wider variety of budgets. A modern and well-equipped apartment with a balcony and close to local schools and amenities costs just below €230,000 ($247,760).

Those with a bigger budget can invest in a penthouse for €600,000 ($646,331), which comes fully equipped and with a stunning sea view, en-suite bathrooms, and balconies. And if only a villa will do, then a three-bedroom secluded property with a large garden and swimming pool is on the market for around €1,500,000 ($1,615,870).

Larger properties and villas in Portimão

Life by the sea and with hundreds of days of sun throughout the year, a luxury lifestyle, and luxury accommodation for more affordable prices make Portimão popular amongst sun-seekers from all walks of life. With prices starting at around €300,000 ($323,199) for a T4 apartment, it’s not hard to see why the Algarve is such a desirable place to relocate to.

Detached houses with five or more bedrooms and another number of rooms, such as utility rooms, or fitness rooms, are on the market for around €550,000 ($592,532), but there is no upper limit in this buzzing housing market. Properties with a sea view will evidently cost more.

Detached villas with swimming pools and modern interiors cost around €850,000 ($815,686), and for the ultimate luxury, you can own a T5 villa with a two-bedroom annex and a swimming pool, costing around €1,150,000 ($1,615,870).

Goldcrest: How We Can Help You 

Goldcrest is a buyer’s agent that is based in Lisbon. We provide expert, impartial advice on real estate investments and how to buy property in Portugal. From scouting out the perfect property through to property acquisition, we have you covered throughout the process.

If you are looking to purchase property in Portugal, don’t hesitate to get in touch. Our team of skilled experts is available to solve all your real estate doubts, helping you with the property search and offering insightful expertise and strategic advice.

Why choose Goldcrest?

• Local knowledge: With offices located across Portugal, our presence nationwide allows us to assist you personally across the country.
• Independent service: As an independent buying agent, we do not represent any development or project. Our service is entirely tailored toward each individual client, providing you with everything you need to secure the perfect property at the best possible price. As an impartial advisor on the market, we work solely on behalf of our client and provide a service tailored to your needs and requirements.
• Streamlined process: Our real estate agents speak English and Portuguese, and our service is completely focused on providing you with a hassle-free buying experience, saving you time.
• Experienced team: Our expert real estate team has a vast local knowledge of the Portuguese property market. We have cutting-edge technology and metasearch tools at your disposal to provide full market coverage, ensuring the best investment choices and negotiated prices.
• Network of partners: We have a close network of partners, including lawyers, property management services, builders, architects, designers, and landscape gardeners, again saving you time and hassle by providing you with trusted experts in their field of work.