One of the real gems of the Algarve. Lagos is not to be missed and keeps visitors coming back for more year after year. With unique rock formations, long sandy beaches, and luxury properties, why not dive into Portugal Lagos real estate market and take a permanent vacation amongst the sea and the sun?
In this article, we’ll run over what makes Portugal Lagos real estate so attractive, both for homebuyers and for incoming investors. Following this, we’ll provide insights into the types of houses for sale in Lagos Portugal, what it is like to live in Lagos, and practical information that should prove useful for you.
Portugal Lagos Real Estate – Why Lagos?
As one of the most visited areas in Portugal, Lagos has it all. From turquoise waters and top-quality beach resorts to an incredible cuisine – including a mix of fine dining restaurants and family-owned restaurants – Lagos ticks all the boxes.
The most populous areas in Lagos are by the coast, where locals are primarily involved in the tourism and services sectors. Further inland, you can bask in the peace and quiet of the region. Here, agriculture and forestry remain the main focus of work for the locals, although you will be able to find properties in very calm areas without the footfall of tourists.
Even in the main coastal areas, however, Lagos has not succumbed to mass tourism. The city retains its character and charm with cobbled streets and a welcoming atmosphere. With plenty of things to do, and a sublime climate, you will always be kept busy. However, if you prefer to simply sit back in blissful relaxation, Lagos can certainly cater for this need too.
Why Invest in Portugal Lagos Real Estate?
Lagos, in the western Algarve, has long been a firm favorite with expats, tourists, and investors. The average asking price for apartments in 2020 was €2,604/m2 and for a villa €2,972/m2. This area tends to be one of the higher-priced areas in the Algarve. However, in comparison to its European neighbors, you can find very attractive prices. As a well-connected region with excellent services, amenities, and beautiful landscapes, Lagos certainly has expensive areas to invest in, yet this hasn’t stopped a steady flock of people from snapping up properties here.
What’s more, Lagos real estate is very favorable for investors as the region is a tourist honeypot. Investors looking for short-term rentals should have no problems with finding tenants. Yields in the Algarve stood at 5.3% in 2020, highlighting that the region is a profitable investment.
Portugal is one of the safest countries in the world, ranking third in the 2020 Global Peace Index, following New Zealand and Iceland. There are also certain planning permissions in Portugal, whereby the government seeks to preserve the natural beauty of the country. This is an attractive quality for homebuyers and investors alike.
Lagos Portugal Property for Sale – Types of Lagos Real Estate
You can find many different property types in the Algarve, and Lagos is no different. You will find beach houses, villas, and apartments for sale in Lagos, plus many more. You can also come across luxury properties, where you can have your own private pool, rooftop terrace, gym, and private security. Because of this, many celebrities have come to call the Algarve home. Indeed, a taste of luxury with sweeping views of the Atlantic could well be one of the finest combinations.
There are many options for those looking to buy property in Lagos, Portugal. The real estate market allows buyers to consider many different types of properties. Here are a few examples:
- A 103 m² three-bedroom apartment in the center of Lagos for €290,000
- A 490 m² house for €690,000
- A 1,372 m² villa on the coast for €5,000,000
- A 300 m² detached house with four bedrooms and parking for €1,600,000
If you are interested in renting in Lagos, Portugal, apartments for rent in the city center can be found for €840 per month. In the city’s outskirts, the rent is significantly more affordable, at prices of around €680 per month.
Lagos is sandwiched between the central Algarve, where you have the “Golden Triangle” of luxury properties, and Sagres, where you can experience the rugged beauty of nature. Perfectly positioned between the two, Lagos offers excellence – whether it’s the unique landscapes, incredible cuisine, or if you simply want to wake up with a morning coffee and watch the glimmering ocean from your beach house.
Here, we’ll provide you with some practical information on Lagos. We’ll delve into the perks of the region, the lifestyle, and insider tips, and tricks.
History of Lagos
Lagos has a rich history, dating back 2,000 years. Lagos was the early home of the Carthaginians, who recruited Celtic tribesmen in their conflicts against the Romans in the Punic Wars. The name “Lagos” is derived from a Celtic settlement.
From the Romans to the Visigoths, to the Byzantines, and then to the Moors, Lagos has changed hands (and names) over the years. Although the old Portuguese town was much destroyed by the earthquake and tsunami of 1755, Lagos still retains its historic character and endless charm.
Lifestyle in Lagos
It is extremely easy to stay active in Lagos. With more than 300 days of sunshine per day and beautiful landscapes, just heading out your door and going for a walk is a pleasure. You will be able to meet fellow expats at a range of activities. This ranges from golf to yoga, watersports to cooking classes – indeed the list of things to do goes on and on.
Watersports in Lagos are very popular. With yachts to head out onto the sea, very good surf spot locations, and where you can weave in and out of the unique cave and rock formations in a kayak – for watersports enthusiasts there is no greater place than Lagos. For keen golfers, you will be pleased to know that there are several top golf spots.
Lagos offers many tourist attractions, such as boat tours, beautiful beaches, and many top restaurants. Nonetheless, the city is not as busy as the popular resorts of the central Algarve, such as Albufeira or Portimão.
Lagos also has very good seafood and fish specialties. Living in the area, you will quickly become well-accustomed to brilliant produce. From the sweet Algarve oranges to the crisp white wines, the food and wine in the region are incredible. You also have many exceptional fine dining restaurants, where you can enjoy sublime food with perfect views of the ocean.
Climate in Lagos
Lagos experiences very warm summers, and mild winters. It is common to have 12 hours of sun in the summer months and temperatures of 37°C (98°F). The temperature rarely drops below 6°C (44°F) in the winter months.
Beaches in Lagos
One of the main reasons why tourists flock to Lagos and foreigners buy property here, is due to the region’s stunning beaches. There is the 4km long Meia Praia, the gorgeous Praia de Porto Mós and the picturesque Praia de Dona Ana. Also, you have Praia do Camilo, situated among truncated cliffs, where you have to walk down 200 steps to be blessed with the beautiful beach below.
However, it’s not just about the renowned beaches in Lagos. You also have beautiful landscapes. The iconic Ponte de Piede Cliffs and Bengali Caves, where you can go by boat and see the magic from the water come to mind.