Updated: September 26, 2025

Cascais, on the Portuguese Riviera, is the ultimate destination for lifestyle buyers and property investors.

This quaint seaside town is located just a short distance from the Portuguese capital, Lisbon. Cascais offers proximity to the outrageously stunning Sintra Cascais Natural Park, waterfront properties near sandy beaches that would be the envy of many, plus pleasant weather throughout the year.

Cascais is one of the most popular destinations for real estate investment in Portugal, particularly for luxury properties. The combination of beautiful scenery, a desirable lifestyle, and the potential for high investment returns is a major draw for real estate investment in Cascais.

In this article, we’re going to provide you with essential information about buying property in Cascais, from an overview of the market to guiding you through some of the best places to invest in houses for sale in Cascais, Portugal.

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Why invest in Cascais?

luxury property at the coast perfect for real estate investment CascaisCascais attracts local and international buyers due to its high gross rental income (5 to 5.5 percent), booming tourism industry, and mix of luxury villas, penthouses, and apartments. The area enjoys a mild Mediterranean climate, making it an attractive place to live and visit year-round.

Families interested in buying property and settling down here will find a laid-back lifestyle in a coastal region with modern amenities, spacious houses, and an incredible beach life. Cascais is particularly known for its luxury homes and villas, attracting high-net-worth individuals. However, while luxury properties are widely available, areas like São Domingos de Rana and Alcabideche offer more affordable housing options.

Cascais and the Greater Lisbon area offer great education opportunities, with many excellent international schools nearby and in the surrounding area.

Cascais is situated on the Portuguese Riviera, close to Lisbon and the Sintra Natural Park, making it a desirable location for both tourism and residency. The area also has a strong rental market, particularly during the tourist season, offering strong potential for rental income.

Our residency and citizenship division, Global Citizen Solutions, has created an extensive International Schools guide for more information on many international schools in Cascais, Portugal. For retirees searching for the right property as a summer residence or a home for permanent relocation, this relaxing seaside town is the perfect place to enjoy their well-earned retirement. Additionally, investors purchasing property in the city center or the surrounding area will be thrilled to know that buying property in Cascais, Portugal, offers the opportunity for a nice return on their investment property.

An Overview of the Cascais Real Estate Market

cascais lighthouse near a waterfront during daytimeCascais became a renowned seaside resort in the 1870s, thanks to its association with King Luís I of Portugal and the Portuguese royal family. Each September, the royal family chose the charming coastal town as their residence, leading to the influx of the Portuguese nobility, who formed a vibrant summer community in the area.

Recently, Cascais has retained its crown as a top tourist destination but has increasingly attracted foreign expats, including celebrity royalty, to its shores, hoping to find their dream property.

Ian Fleming famously drank martinis in neighboring Estoril. He found inspiration for the James Bond novels at Hotel Palacio, while more recently, Portuguese footballer Cristiano Ronaldo purchased a luxury home in Quinta da Marinha, Cascais.

You can find out about Cascais on the website of the Cascais Municipality.

Cascais real estate market growth & ROI trends

The property market in the Cascais municipality has long been popular with expats and continues to attract international property buyers. In 2025, the average asking price for property in Cascais stood at €7,260 per square meter. Depending on the time frame the seller would like the property purchased, the final purchase price could be higher or lower than the average price mentioned above.

Prices are significantly higher for luxury properties with strong long-term value in prestigious neighborhoods like Quinta da Marinha and Monte Estoril.

Is now the time to invest in Cascais?

Investing in Portugal real estate is an increasingly attractive option for foreign investors. The property market in Cascais has been resilient and growing steadily in recent years. As Cascais continues to grow in popularity and property prices increase, it remains a very good town to invest in. On the Portuguese Riviera and strategically located close to Lisbon, with the glorious Sintra Natural Park nearby and an array of popular beaches, the area has a lot going for it.

While the average price of homes for sale in Cascais, Portugal, is higher than it once was, it is still possible to get a nice return on your investment, which makes investing in the Cascais area a lucrative venture for international investors. In the third quarter of 2024, rental yields on Property in Cascais stood at 5.5 percent in São Domingos de Rana, 5 percent in Carcavelos and Parede, and 5.1 percent in Cascais and Estoril, with the overall yield for Cascais standing at 5.5 percent.

Investing in real estate in Cascais is a smart move, ultimately due to the town’s strong market demand, steady capital appreciation, and solid rental yields. In particular, modern apartments are in high demand and can generate steady income. Plus, the seaside town is a popular destination for tourists, and vacation rentals can be profitable in the high season.

Note: Be sure to check the latest rules for an AL license in Portugal (short-term rental license), as rules are constantly changing.

Types of Investment Opportunities in Property in Cascais

When you buy property in Cascais, you will discover an excellent selection of homes and apartments in beautiful neighborhoods like Quinta da Marinha with some research and the assistance of a buyer’s or real estate agent in Cascais.

If you are considering living in Cascais, Portugal, below we share information on the types of property on offer, including commercial property options.

GC-ICON-98 Residential properties

CBRE, a global leader in real estate and investments, has identified Cascais, along with Lisbon and Oeiras, as recording the most expensive houses in the past few years. However, you should still be able to find some excellent deals, plus the capital appreciation of properties in Cascais is very high.

Cascais boasts a wide array of residential properties suitable for investment, some in exclusive suburbs like Quinta da Marinha or close to one of the fabulous beaches in the region. Options range from detached houses to luxurious villas, providing potential investors with various options to target different segments of the Portuguese real estate market.

Apartments

Investing in apartments in the Cascais municipality can be an attractive option due to the town’s growing popularity among locals and tourists alike. Apartments can provide steady passive income or potential capital appreciation.

Waterfront properties

Cascais’s stunning coastline and ocean views attract investors to consider waterfront properties. These exclusive properties offer breathtaking views and are in high demand, making them an enticing property investment option.

Luxury properties

For investors seeking high-end opportunities, Cascais features a selection of luxury villas that come with swimming pools, private security, and private gyms. These elegant estates cater to affluent buyers and can yield substantial returns, especially considering Cascais’s status as a luxury destination. Recent studies by the property intelligence unit, Knight Frank, have positioned Cascais as having seen increased demand from local and international buyers, especially American and Brazilian investors.

Commercial properties

Investing in commercial real estate can be an appealing option in Cascais, given its growing business and tourist sectors. Commercial properties offer opportunities for steady rental income and the potential for long-term growth.

Offices

With a thriving local economy and an increasing number of businesses setting up shop in Cascais, investing in office spaces, including spaces within commercial buildings or dedicated office complexes, can be a profitable venture.

Retail spaces

As a popular tourist destination, Cascais presents investment opportunities in retail spaces. These spaces can be utilized for shops, boutiques, restaurants, and other commercial ventures that cater to both locals and visitors.

Take a look at our complete guide to buying real estate in Portugal

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mansion iconTouristic real estate

Cascais’s charm attracts tourists year-round, making tourist real estate an attractive investment avenue. Touristic properties can include hotels, holiday homes, serviced apartments, or properties within resort-style developments.

Hotel projects

As Cascais experiences a continuous influx of visitors that increases year-on-year, investing in hotel projects can be lucrative. The hospitality industry in Cascais has the potential for significant returns on investment.

Vacation rentals and short-term lettings

With the rise of platforms like Airbnb, investing in vacation rentals and short-term lettings has become increasingly popular. Cascais’s appeal to tourists and proximity to Lisbon make it an ideal location for such investments.

Exploring Property Prices in Cascais, Portugal

Now that you have discovered the types of real estate available for sale in Cascais, Portugal, we’ll explore the cost of property in this section of our real estate investment Cascais guide.

The table below gives you insight into the price per square meter you can expect to pay when you buy property in Cascais. Buyer’s agents at Goldcrest collect these latest prices from the independent real estate databank, Confidencial Imobilário.

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Key Locations for Real Estate Investment in Cascais

Cascais and Estoril

Cascais is an extremely desirable place to snap up a property, and the historic town has something to tempt any buyer. You’ll come across luxury properties in Portugal, modern apartments, and a yacht marina.

With several charming beaches, such as Praia da Rainha, conveniently located in the heart of Cascais, Praia do Guincho, situated just north of the city, the famous Cabo da Roca, the most westerly point in Europe, and the outstanding Sintra Natural Park, there are many attractions to living here.

Further east, you have Estoril, where you’ll find spacious properties with waterfront views. The Estoril promenade is a lovely place for a primary residence and offers one of the best sunsets in Portugal. Outside the center, you’ll stumble across picturesque mansions just a short walk from the beach.

Indeed, Cascais and Estoril are, in many ways, the epitome of luxury living. However, with this said, you’ll still find many more affordable options. This part of the country is also fantastic for families looking to move to Portugal, with several good international schools, such as PaRK International School, St António International School, St Julian’s School (close to Carcavelos), St Dominic’s International School, and St John’s International School.

Carcavelos and Parede

Carcavelos is a firm favorite with Lisbon residents who are looking to get their beach fix. Surfers will find some nice waves here.

Carcavelos has a permanently relaxed vibe and is a short distance from Lisbon and Cascais. Large houses lead down to Carcavelos beach, and several spacious properties are up for grabs. Parede is home to the Avencas and Parede beaches, where you will also find some of the best restaurants and terrace bars on the waterfront promenade, perfect for beach lovers to enjoy the sunset.

Alcabideche

Alcabideche is situated to the north of Cascais and Estoril and borders the scenic Sintra Natural Park, where you can marvel at the colorful Pena Palace and the dramatic Castle of the Moors. For nature lovers, you can go hiking and cycling to discover this incredible part of the country. Moreover, its proximity to the charming and less crowded beaches of Praia da Ursa and Praia da Adraga adds to its allure.

If golf is your passion, you’re in luck, as world-class golf courses are easily accessible. Among the best golf courses, the Penha Longa Resort stands out as an exceptional choice for satisfying your weekly golf cravings.

Families seeking quality education will find convenient options nearby, including IPS-International Preparatory School and St. James’ Primary School, both of which are very good international schools. The area offers a safe and welcoming environment for raising a family.

São Domingos de Rana

São Domingos de Rana, situated behind Carcavelos and Parede, offers the most affordable homes for sale in Cascais. Being close to the sea and away from the bustling tourist areas, it remains a peaceful option even during summer. Moreover, it’s just a 20-minute drive from Lisbon.

How to Buy a Property in Cascais

Buying property in Portugal comes with unique challenges, from navigating local laws to arranging financing. In Cascais, you must understand the legal requirements that safeguard your investment and the financial options available to international buyers. Below are the main things to consider for the entire property buying process.

Legal and tax considerations

When purchasing Cascais property, you’ll need to budget for a variety of legal fees and taxes on top of the purchase price. These costs typically range from 6 to 10 percent of the property’s value.

For example, there are one-time costs you pay during the property purchase process, like Property Transfer Tax (IMT – Imposto Municipal sobre Transmissões Onerosas de Imóveis) and Stamp Duty (Imposto do Selo). But, there are also annual or ongoing costs, like Municipal Property Tax, which for Cascais is 0.33 percent.

We strongly recommend working with an experienced real estate lawyer in Cascais who can provide expert guidance throughout the process. Enlisting the help of a property surveyor in Portugal is also beneficial, as they can guarantee there are no issues with the property’s interior or exterior.

Financial considerations

There are many banks in Portugal that offer mortgages for foreign buyers. It’s important to find the one that best suits your requirements. The mortgage application process may take longer than anticipated, so it’s best to begin as soon as possible.

Step-by-Step: Real Estate Investment in Cascais Process

Luxury villa with a pool in Cascais PortugalThe process of buying property in Portugal can be broken down into the following five steps.

  • Step 1: Get your NIF (Portuguese Tax Identification Number) and finances in order.
  • Step 2: Find the ideal property in Cascais and negotiate the price.
  • Step 3: Sign the Promissory Contract (CPCV).
  • Step 4: Pay your taxes and notary fees, including the Property Transfer Tax (IMT) and Stamp Duty.
  • Step 5: Sign the final deed (Escritura) at a notary.
  • Step 6: Register the property with the Land Registry (Conservatória do Registo Predial) and the tax office (Finanças).

Risks and Challenges of Real Estate Investment in Cascais

To avoid any roadblocks on your journey towards property ownership in Cascais, Portugal, it is important to list and work through the possible risks and challenges you may face during the buying process. Below is a list of risks local and international buyers may face.

Understanding the market

Before investing in Cascais property for sale, you’ll want to have a clear understanding of the local market. Conduct a comprehensive property search on property values, supply and demand dynamics, local regulations, and market trends. It is worth seeking advice from experts who have an in-depth knowledge of the market, for example, to pinpoint areas with the potential to get a strong return on your investment.

Due Diligence and legal counsel

Performing due diligence is crucial when you buy property in Portugal. You will want to double-check the property and seller to ensure you will not face any legal complications later. It’s advisable to seek assistance from a real estate lawyer and a buyer’s agent, especially if you are unfamiliar with the Cascais property purchase.

Market volatility and economic influences

As with any real estate market, the Portuguese market is subject to fluctuations and economic factors that can impact property values. Consider the potential return on investment and how factors like inflation rates might impact your investment decision and influence house prices.

How long does it take to buy a house in Cascais?

It usually takes around one to four months to buy a house in Portugal. However, it can take longer than this and may even be quicker in some cases. This takes into account comprehensive due diligence, obtaining documents, and other requirements.

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.

Frequently Asked Questions About Real Estate Investment in Cascais

Yes, Cascais is ideal for long-term investment due to its strong property demand, stable market, and international appeal. The area continues to attract buyers, ensuring consistent property value growth over time.

Expats in Cascais, Portugal, often live in areas like the historic center, Estoril, and Parede. These neighborhoods offer coastal views, modern amenities, and strong transport links to Lisbon. Many expats also choose gated communities near Guincho Beach for privacy and proximity to international schools.

Prime investment areas in Cascais include the historic center and waterfront areas. Estoril and Carcavelos are also definitely worth considering. With mild winters, the excellent climate is one of the major reasons why Cascais is such a popular destination. Given the high tourist footfall and the fact that Cascais is considered a luxury destination, you’ll find many investment options.

The richest neighborhood in Cascais is Quinta da Marinha. This exclusive gated community features luxury villas, golf courses, equestrian centers, and oceanfront properties. Quinta da Marinha attracts international investors and business elites due to its security, privacy, and proximity to Guincho Beach and international schools.

Cascais is among Portugal’s pricier markets, with luxury homes in prime locations reaching premium prices. However, it remains more affordable than many other coveted European coastal destinations, offering strong value for its quality of life and investment potential.

Cascais offers a coastal lifestyle with mild weather, gorgeous beaches, great restaurants, and a safe environment. It has excellent schools, healthcare, and proximity to Lisbon, making it ideal for professionals, retirees, and attracting families seeking a high quality of life.

Investing in real estate in Cascais offers benefits such as high rental yields (currently standing at 5.5 percent), property value appreciation, and a stable market. The area’s beautiful coastline, pleasant climate, and high quality of life make it a desirable location for lifestyle buyers, residents, and tourists.

Common pitfalls in Cascais real estate investment include overlooking hidden costs, failing to conduct proper due diligence, and not understanding local regulations. Working with experienced professionals can help mitigate these risks.

The buying process in Cascais involves engaging a real estate agent, making an offer, and signing a “Promissory Contract.” After legal checks and obtaining necessary permits, the final deed is signed, and property ownership is transferred.

When foreigners buy property, they must be aware of property taxes to pay both at the time of purchase and on an annual basis. During the process, taxes include Property Purchase Tax/ Property Transfer Tax (IMT) and Stamp Duty, while taxes you will be required to pay annually include Municipal Property Tax (IMI). You should also consider the Capital Gains Tax if you are considering selling your property.

You can secure a mortgage from a Portuguese bank to finance your property, which can cover 70 to 80 percent of the property value for non-residents. Foreign buyers must provide proof of income, tax returns, and a deposit of 30 percent.

You cannot get a Portugal Golden Visa by purchasing real estate in Cascais. Since October 2023, real estate investments no longer qualify. The Portugal Golden Visa program now requires investment in funds, job creation, or cultural projects. Property purchases in Cascais do not make you a legal permanent resident.

The best parts of Cascais for short-term rentals are the Historic Center and Monte Estoril. The Historic Center attracts tourists with restaurants, shops, and beaches. Monte Estoril offers luxury villas, apartments, and detached houses with high rental income. Guia is quieter but popular for outdoor activities and long-term investment.

Beach lovers will have plenty of options. Some top beaches in and around the Cascais region include Praia do Guincho for surfing, Praia da Conceição for central convenience, and Praia do Tamariz in Estoril for family-friendly relaxation. The coastline offers stunning options for sunbathing and watersports.

The main difference between Cascais and Lisbon for real estate investment is property type and market dynamics. Lisbon, as a capital city, offers higher rental income and steady demand from international investors and digital nomads, while Cascais attracts buyers and retirees seeking lifestyle luxury properties. Choose Lisbon for returns and Cascais for long-term value stability.