Updated: February 5, 2025
In the heart of the Western Algarve lies Lagos, Portugal, a captivating tourist destination and a favorite among expats and foreign investors alike. This coastal town’s natural beauty epitomizes the Algarve’s charm. Lagos is famous for its distinctive rock formations and the Bay of Lagos, where you will find the inviting Praia da Luz and the spectacular Marina de Lagos, which offers one of the most beautiful sailing experiences in the world.
Lagos boasts a dynamic real estate scene that can be tricky to navigate alone. The right estate agents in Lagos, Portugal, can help you locate and invest in the best deal as you navigate the range of quality properties available, from affordable homes and lavish beachfront villas to commercial properties and resorts.
In this article, we will explore the essential considerations and advantages of working with real estate agents in Lagos, Portugal. We will also discover more about the real estate market of this vibrant coastal gem and learn how partnering with skilled professionals streamlines your property search and ensures a seamless experience.
An Overview of the Property Market in Lagos Portugal
Real estate in the Algarve is the definition of hot property at the moment. Property is exceptionally affordable compared to other Western European countries, especially for a seaside location, and is highly sought after internationally. In fact, over 50 percent of property investment in the Algarve region is made by foreigners, and this number increases to over 80 percent in Lagos.
Meanwhile, the Algarve’s luxury real estate market is among the top ten fastest-growing luxury real estate markets in the world, according to Knight Frank’s The Wealth Report 2023, solidifying its global appeal.
Lagos Portugal real estate has so much to offer international buyers and expats when it comes to comfort, lifestyle, access to business opportunities, and a wealth of culture and history. Lagos Old Town is central and the historic center of the city, while the scenic Lagos Marina offers stunning views and an incredible selection of Portuguese bars and restaurants. If you are in search of an authentic coastal lifestyle, the suburbs of Meia Praia, Porto de Mos, and Torralta feature the best beaches and coastal homes.
In 2024, the average asking price for Lagos Algarve real estate was €5,066 per square meter. Note that this is the average asking price, and sales prices are often significantly lower than this. They can also be higher in some situations, although this is less common. Once you have your residency and an idea of the finances you need, you can contact a top real estate company in Lagos, Portugal, to help you explore the featured properties available. We explore these below.
Property types in Lagos
This coastal town is a stunning part of Portugal and could be the perfect place to find your dream home. With the help of a real estate agent in the Algarve, here are some basic property types that can be found in Lagos, Portugal.
Villa
Villas in Lagos are spacious holiday homes perfect for a family weekend getaway or to relocate to a home that offers ample space for a family to grow. They are usually in the countryside or near the sea. Many will also have a sea view and additional amenities like a private swimming pool or private gym. Different types of villas are available in Lagos, such as traditional, contemporary, minimalistic, or luxury villas.
Apartment
Apartments are a popular choice among buyers in Lagos. Whether you plan to stay in the coastal town long-term or for a few months, apartments are the perfect option. Also, there are plenty of complexes with garden areas and pools in Lagos.
Townhouse
Townhouses are an alternative to apartments and villas in Lagos. They have similar internal spaces like villas but without a swimming pool or garden area. Townhouses are great if you buy property to let or for seasonal stays.
About real estate agents in Lagos: Why work with a realtor?
Lagos is one of the most visited places in Portugal. It has excellent real estate investment opportunities, rental potential, and several ideal homes to consider. Working with seasoned professionals, specifically an English speaking realtor in Portugal, can save you time and hassle in your property search in the country.
Real estate agents in Lagos, Portugal, play an important role in connecting property buyers, sellers, and renters. Local agents possess a deep understanding of the market, offering insights into neighborhood trends, property values, and legal requirements for both local and international clients.
Their expertise extends to luxury villas, traditional Portuguese homes, modern apartments, and even commercial properties, catering to a wide range of preferences and budgets. Here’s a closer look at the value an estate agent can bring:
Expertise in the market
To secure your ideal property, it’s essential to seek expert real estate advice in Lagos. A deep understanding of the local market, risks, and current prices is crucial to ensuring the best deal.
Professional real estate services or a buyer’s agent like Goldcrest can easily simplify your property buying journey in Lagos. Goldcrest’s exclusive network and expert team share insightful expertise and strategic advice on the local market and offer a tailored approach to your real estate investment experience.
Below, we provide some solid reasons for hiring an experienced agent to work with.
- Language barrier: One of the significant concerns in buying a property in a foreign country is the language barrier, and looking for homes for sale in Lagos, Portugal, is the same. Finding English-speaking estate agents in Lagos, Portugal, shouldn’t be difficult, as most agencies have English-speaking agents.
- In-depth knowledge and full market access: Agents have in-depth knowledge about the local areas and know the current market prices in Lagos. An added benefit of working with a buyer’s agent with local expertise instead of a real estate agent is that a buyer’s agent like Goldcrest will negotiate and work solely on your behalf as the buyer, giving you full access to a more extensive real estate database and ensuring you find the best property at the best possible price.
- Assistance throughout the process: Real estate agents will help you with the entire process. If you are a buyer, they will analyze the property market, assist with valuation, and find the right fit for you.
Personalized property matching
The role of real estate agents in the property acquisition process is crucial, but selecting services that cater to your specific needs is essential.
Unlike traditional real estate agents in Portugal, who handle buyers and sellers, Goldcrest operates as an exclusive buyer’s agent dedicated solely to advancing the buyer’s interests. We also have access to exclusive properties that you will not find elsewhere on the market.
Navigating legalities and financing
Real estate services should include assistance with the legal documentation associated with your property, offering reliable support throughout the process until you reach a final decision. This is particularly important as legal procedures may vary from your home country.
The following services may be offered:
- Finalizing legal paperwork related to your property
- Coordinating with real estate lawyers, the seller, and other involved parties
- Conducting thorough property checks to ensure it is free of any outstanding debts
- Verifying the legal construction status of the property
- Confirming the property owner and their legal right to sell
- Facilitating the drafting and signing of contracts
In addition, partnering with a buyer’s agent like Goldcrest can clarify the legal aspects for you. From guiding you through the legal paperwork and background checks to coordinating with lawyers and sellers, we take care of the heavy lifting by making sure every detail is clear, every document is in order, and the entire process—from signing contracts to securing ownership—is seamless.
Selling your property in Lagos
If you’re planning on selling property in Lagos, Portugal, working with an experienced team can make a significant difference. They’ll handle market analysis, pricing strategy, and effective marketing to reach potential buyers locally and abroad. Estate agents in Lagos also assist with legal documentation, negotiations, and closing, ensuring a smooth and stress-free process.
How to Find Real Estate Agents in Lagos, Portugal
So, how can you find estate agents in Lagos, Portugal, who can help you find your ideal property in the sunny south of Portugal? Here are some insights.
Identifying your real estate needs
Whether you are looking for a property professional to secure a charming apartment in the city center or desire a contemporary villa near the beach, you will find many real estate agencies that can assist you in Lagos.
However, the initial step is to outline your requirements clearly to your real estate agency. Specify the details of your ideal home, such as size, location, and style, to guide your property search. Gather information on different parts of the city, stay informed about market trends, and outline your project requirements to ensure your property purchase runs smoothly.
Searching for estate agents in Lagos, Portugal
Many companies have an online presence through websites, meaning a quick search for “estate agency Lagos Portugal” should bring up a few good options and allow you to shortlist prospective companies. This allows you to access information about a company and its services.
Additionally, online reviews and feedback from previous clients offer insights into their experiences. Seek recommendations, scrutinize reviews, and contact real estate agents who align with your criteria to ask specific questions about how they can assist you.
Perhaps the best way to find a suitable agent is to seek referrals from family, friends, or colleagues who have utilized reputable companies. If you have contacts in Portugal, ask for their recommendations for a local company.
Evaluating potential agents
Communication is key when choosing the perfect estate agent in Lagos, Portugal. Discuss their services, your needs, and their expertise in helping clients in a similar situation to yours. It is important to request transparency regarding each service charge the agency requires.
We have created a checklist that includes details that will help you systematically evaluate a real estate agency and help you make an informed decision when choosing a quality partner to help you buy your dream home.
Criteria | Evaluation |
Language Proficiency | Do they speak English? |
Experience with International Buyers | Can they provide project data proving experience? |
Property Market Insight | Do they have an exceptional understanding of the Portuguese real estate market to provide expert investment advice and services? |
Focus on Real Estate in Portugal | Is their service focused on real estate in Portugal? |
Track Record of Excellence and Communication | Do they maintain contact and have a track record of excellence? |
Business Credentials | Do they have business credentials to share with clients? |
AMI License Number | Do they have an AMI license number? |
Alignment of Company Values | Do their company values align with your interests? |
Real Estate Agent versus a Buyer's Agent
It’s important to note that a real estate agency primarily represents sellers and receives a higher commission for a higher sale. On the other hand, a buyer’s agent exclusively works on your behalf as the client, giving you access to a wider range of exclusive properties that you won’t find elsewhere on the market and ensuring you buy your property with peace of mind and at the right price.
A buyer’s agent prioritizes you only and will support you throughout the entire process of finding your dream home, from finding quality featured properties to the acquisition stage, and will readily address any queries you may have.
To help you understand the critical differences between working with a buyer’s agent and estate agents in Lagos, Portugal, we have created a comprehensive guideline showcasing each option’s advantages and potential drawbacks.
Factors | Real Estate Agent | Buyer's Agent |
Work Scope | Facilitates transactions for various parties | Exclusively works for the buyer throughout the process |
Search & Selection Assistance | May present options, but not solely focused on buyer's needs | Focuses on finding options that suit the buyer best |
Representation | Represents the seller's interests primarily | Solely represents the buyer's interests |
Conducting Legal Checks | May overlook some legal checks for buyer's benefit | Ensures thorough legal checks for buyer's protection |
Language Assistance | Language proficiency may vary | Proficient in the buyer's language |
Negotiation | Represents seller's interests in negotiation | Negotiates exclusively for buyer's benefit |
Documentation Handling | May not prioritize all necessary documentation | Ensures all required documentation is in order |
Time and Cost Savings | May not optimize for time and cost efficiency | Saves time and money by focusing on buyer's needs |
Commission | Earns higher commission for higher sale prices | Does not earn based on sale price, focused on buyer |
Key Takeaways: Working with Estate Agents in Lagos, Portugal
Now that we have established the benefits of working with a buyer’s agent like Goldcrest or a real estate agency and know more about the real estate market in Lagos, we can look at the step-by-step guide to help you buy your dream home or first house in the sought-after coastal city.
Buying a property in Lagos
Step 1: Request an appointment to discuss your specific needs.
Step 2: Your agent will conduct a property search and arrange viewings.
Step 3: Once you have reviewed the featured properties presented by the agent and shortlisted the ones that meet your requirements, you and your agent can formulate an offer for the property and begin negotiations.
Step 4: Shortly after the offer is accepted, your agent will assist with completing legal paperwork and other necessary formalities. They will be able to work with your lawyers to ensure a legally compliant property purchase.
Step 5: It’s time to close the deal on your dream home. Your buyer’s agent can help you finalize the purchase’s legalities, help you sign contracts and legal documents, and ensure you understand and agree with other aspects of the purchase. Goldcrest also offer after-care services like property set up and even property management.
Moving to Lagos, Portugal
Before you buy your first house or rent an apartment, there are a couple of things to consider. Non-EU and non-EEA citizens will need a visa to live in Portugal. A popular route to living in Portugal is the Portugal Golden Visa investment program, whereby you can secure residency in return for an investment in the country’s economy.
The Portugal D7 Visa, also known as the retirement visa, is another attractive option, granting the visa holder residency in Portugal, provided they have a sufficient passive income.
You can also opt for the Portugal Digital Nomad Visa if you are a remote worker and earn four times the Portuguese minimum wage. Another essential factor to consider before you invest is property prices.
Whether you want to buy in Lagos, Lisbon, or elsewhere in Portugal, we can simplify your buying process. Contact us for a complimentary call to discuss your options with our team of experts today.
Goldcrest: How We Can Help
Goldcrest is a buyer’s agent specializing in Portuguese real estate based in Lisbon, the Algarve, and Porto. We have an expert team who are trained in providing insightful real estate expertise and strategic advice. We help our clients find excellent investment opportunities in Lagos and Portugal and stand by them throughout the process.
Frequently Asked Questions about Real Estate Agents in Lagos
What are the typical responsibilities of a real estate agent in Lagos?
Real estate agents in Lagos are responsible for facilitating property transactions, including property listings, connecting buyers and sellers, negotiating deals, providing market insights, arranging property viewings, and guiding clients through the buying or selling process. They can help secure residential and commercial properties.
How to find the best real estate agent in Lagos, Portugal?
When looking for houses or apartments for sale in Lagos, Portugal, consider the agent’s experience, local expertise, reputation, communication skills, and client service reviews to choose the right one. To find top estate agents in Lagos, Portugal, look for agents with a track record of successful deals in your desired area who understand your needs.
It would also be smart to compare their services to the services of a buyer’s agent. While a real estate agent works on behalf of the seller, a buyer’s agent like Goldcrest works on behalf of you, the buyer.
What do Lagos, Portugal estate agents offer the services?
Estate agents in Lagos, Portugal, can offer the following services when you purchase Lagos real estate:
- Finalizing legal paperwork related to your property
- Coordinating with real estate lawyers, the seller, and other involved parties
- Conducting thorough property checks to ensure it is free of any outstanding debts
- Verifying the legal construction status of the property
- Confirming the property owner and their legal right to sell
- Facilitating the drafting and signing of contracts
What fees and expenses should I expect when working with a real estate agency in Lagos?
Estate agents in Lagos, Portugal, charge fees that typically include a commission, which the buyer pays. The money you will need to budget for fees depends on the selling price of the property. Remember that realtors get a higher commission for higher sales.
On the other hand, a buyer’s agent represents the buyer’s needs and in securing the best price possible for the buyer.
What is the price of property in Lagos, Portugal?
The average asking price for property in Lagos was €5,066 per square meter in 2024.
Lagos is in the Western Algarve and is one of the most stunning parts of the southern region of Portugal – the perfect city to find your ideal property. Alongside some of the best featured properties in the area, you’ll find some of the best beaches in Lagos, such as Praia da Luz and Meia Praia.
How can I find property in Lagos, Portugal?
A good starting point is to do a property search in the area. A simple property search will provide you with information on property prices and the types of property on the market. Note that there are many different real estate websites, and there is not one website where you can find all the properties on the market.
Following this, you can enlist the services of a buyer’s agent or real estate agency to give you a better scope of the real estate market and explore exclusive properties you may not find online. They’ll also be able to assist you with narrowing down the best properties to find your dream home.
Can I buy to let in Lagos?
Yes, you can buy to let in Lagos, and doing so can be a fantastic way to invest. New regulations for the issuing of Alojamento Local short-term rental licenses also make it easier to buy to let short-term.
If you are considering purchasing to rent, a property management company can look after the building on your behalf. Goldcrest also offers property management services for property investors.
From vetting tenants to ensuring the maintenance of the property, a property management company can also advertise the house or apartment for rent, helping you generate passive income from your real estate asset.
Is buying property in Lagos an excellent real estate investment?
Buying properties in Lagos can be a promising real estate investment due to the city’s popularity with tourists. However, investors should consider market fluctuations, regulatory policies, and location-specific risks. Conduct thorough research and seek professional advice from a real estate agency or buyer’s agent like Goldcrest before making any real estate investment decisions.
How can I find a luxury property real estate agent in Lagos, Portugal?
To find a suitable Lagos property agency for luxury properties, start with research. Refine your search criteria by assessing a company’s online presence, its experience within the property market, and client reviews and ratings. Goldcrest has years of experience in securing exclusive properties for buyers in Portugal.
How can I find affordable homes for sale in Lagos, Portugal?
To discover budget-friendly real estate agents in Lagos, conduct thorough research on local agencies, assess pricing variations, seek recommendations, and interview several agents. Striking a balance between cost-effectiveness and expertise is crucial to finding top real estate agencies in Lagos, Portugal.
Working with a buyer’s agent like Goldcrest can also be a major help. Because we work on behalf of the buyer, your budget will be accommodated, ensuring you get the best possible deal within the price range you are comfortable with.
How can I find an investment property specialist in Lagos, Portugal?
You can begin by researching online, as most companies will have an online presence. Following this, you can shortlist prospective companies before getting in touch with the few that catch your eye. Make sure you consider a company’s experience assisting expats with their real estate investment.
Goldcrest has many years of experience finding the perfect property for investors that is tailored to their unique needs. We also have access to exclusive properties that you will not find elsewhere on the market.
How can I find a Lagos, Portugal, real estate professional for villas?
Start your search by exploring online since most companies maintain an online presence. Research the recommendations and testimonials of past clients and contact an estate agent or buyer’s agent who stands out to you. Remember to ask targeted questions about their experience working with international clients.
Once on your team, they will help you narrow down your property choices and guide you through the process of buying your dream villa.
How can I find holiday homes for sale in Lagos, Portugal?
To find holiday homes in Portugal, you will want to work with a real estate or buyer’s agent. Most real estate agencies have an online presence, so you can quickly determine their relationship with clients and see their reviews.
If you are looking for a buyer’s agent or real estate agent for expats in Lagos, Portugal, you will find that there are many options to consider but be sure to choose one that has worked with expats and has a proven track record.
How can I find a real estate agent for historic properties in Lagos, Portugal?
Whether you are looking for a real estate agent in Alentejo, Lisbon, Porto, or Lagos, you’ll find several options available to you.
To find a real estate agent specializing in historic properties in Lagos, start by researching local agencies online. Inquire about their expertise in dealing with historical homes and consider seeking recommendations.
Goldcrest is well-equipped to help you find a historic property that aligns with your requirements and guides you through the regulations associated with historic buildings.