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Portugal is known for its fantastic climate, beautiful landscapes and a high quality of life. It’s no small wonder that Portugal comes top of the list, for many people looking to move abroad. Before you arrive, you’ll probably want to know what the best places to live in Portugal are from a trusted source. Goldcrest are experts in the market and where real estate for sale in Portugal is concerned, we can make the process stress-free and even enjoyable.

Why live in Portugal?

There are thousands of expats living in Portugal. This is in part due to the year-round warm weather, in part due to the stunning scenery and partly due the welcoming attitude and good-nature of Portuguese people. Not to mention, the delicious food and access to fresh fish that this Western tip of Europe has access to.

Algarve voted the best place to live in Portugal

A top choice when buying real estate in Portugal for locals and expats alike is the Algarve. As far as buying a home in Portugal goes, the Algarve qualifies as having some of the best cities to live in..

Benefits of living in the Algarve

  • Fantastic weather: temperatures range from 61 degrees (Fahrenheit) in winter to 84 degrees (Fahrenheit) in summer
  • World-class beaches: there are numerous stunning beaches with untouched golden sand in the Algarve
  • Family-friendly: many families choose to live and holiday in the Algarve as it’s a very safe and family friendly place to live
  • More peace and quiet than Porto and Lisbon
  • A large, welcoming expat community
  • Great schools and healthcare system

Property prices in the Algarve

General prices around the Algarve for property type:

  • 1-bedroom flat cost: average cost in Albufeira and Faro €200,000 – €250,000
  • 2-bedroom apartment with a sea view: average cost €300,000 – €450,000
  • 3-bedroom villa with a pool: average cost €450,000 – €650,000

Prices by location in the Algarve:

  • Faro: average prices per square meter are 2,207 eur/m². For a 2-bedroom 85 square meter apartment the cost would be around €200,000
  • Lagos: average prices per square meter are 3,093 eur/m². For a 2-bedroom 85 square meter apartment the cost would be around €300,000
  • Tavira: average prices per square meter are 1,669 eur/m². For a 2-bedroom 85 square meter apartment the cost would be around €150,000

Lisbon

Lisbon is also a hugely popular choice for expats where Portugal real estate is concerned. As a city, it is incredibly livable. There’s enough buzz to keep all ages of the family occupied, and enough tranquility too – given the beautiful nature that surrounds the city.

Benefits of living in Lisbon

The main benefits of living in Lisbon are also benefits of living in any old European city. The old town is steeped in history, and there are plenty of fantastic bars and restaurants with both traditional fare and modern offerings. What sets Lisbon apart, is the stunning nature and beaches that surround the city in Sintra, Cascais and other regions nearby. A balance between liveliness and calm is easily attainable in Lisbon, making it one of the best cities to live in Portugal.

Property prices in Lisbon

General prices around Lisbon by property type:

  • 1-bedroom flat cost: average cost in Lisbon town center €385,000 – €415,000
  • 2-bedroom apartment with a Tagus river view: average cost €450,000 – €550,000
  • 3-bedroom villa with a pool: average cost €595,000 – €750,000

Prices by location in the city center of Lisbon:

  • Bairro Alto: average prices per square meter are 6,578 Eur/m². For a 2-bedroom 85 square meter apartment, the cost would be around €560,000
  • Lapa and Santos: average prices per square meter are 5,251 Eur/m². For a 2-bedroom 85 square meter apartment, the cost would be around €450,000.
  • Intendente and Mouraria: average prices per square meter are €4,410 Eur/m². For a 2-bedroom 85 square meter apartment, the cost would be around €375,000.

Cascais

Cascais comes pretty near the top of the wish list for people buying a home in Portugal. The mix of beach, small-town-feel and a bustling suburban vibe makes it one of the best cities to live in Portugal. There is a great expat community and also a big local Portuguese family atmosphere in Cascais.

Benefits

Cascais is at the end of the “Linha”, the main railway line that goes directly to the center of Lisbon in just over half an hour. It is conveniently close to the city while having a more Mediterranean feel, situated right on a beautiful coastal beach area.

Prices

The average price per square meter in Cascais is €2,389. So, to buy a 2-bedroom apartment here the average price is around €300,000. For a larger 3-bedroom villa with a pool, you can expect to pay between €750,00 and €950,000.

Porto

Porto is the second-largest city in Portugal and is quickly becoming a favorite for f tourists and those looking to buy a home in Portugal. Like Lisbon, Porto has an incredibly beautiful historic town center with charming narrow cobbled streets. The city is situated on the Douro river and is surrounded by vines that produce some of Portugal’s most loved wines. 

Benefits

While Porto is popular, it hasn’t yet reached the demand that Lisbon has for real estate so you will be able to get better value for money in Porto. There may also be marginally fewer tourists to contend with in the summer months.

Prices

The average price per square meter in Porto is €1,230. So, to buy a 2-bedroom apartment here the average price is around €190,000. For a larger 3-bedroom villa with a pool, you can expect to pay between €450,00 and €650,000.

Silver Coast

The Silver Coast is certainly a more underrated part of Portugal. For those looking for a quieter and more rural lifestyle, the Silver Coast would come high up on the list of best places to live in Portugal.

Benefits

The benefits of buying real estate in the Silver Coast are largely based on the beautiful scenery, with rugged natural beaches and wonderful surf. The value for money here is far better too as it’s largely off the beaten track of tourists and expats.

Prices

The average price per square meter in the Silver Coast is as low as €1,239. To buy a 2-bedroom apartment here the average price would be around €150,000. For a bigger three-bedroom villa with a pool you can expect to pay between €260,000 and €500,000.

Coimbra

Coimbra is a charming medieval university town that is built on the grounds of a former palace. It used to in fact be the capital of Portugal.

Benefits

Coimbra is not the first place that comes to mind for tourists and expats looking to purchase real estate in Portugal because it’s quieter but it’s still very beautiful. Value for money here will be very good.

Prices

The average price per square meter in Coimbra is € 2,100. To buy a 2-bedroom apartment here the average price would be around €200,000. For a bigger three-bedroom villa with a pool you can expect to pay between €300,000 and €450,000.

Chaves

In the very North of Portugal close to the border with Spain, you find the small city of Chaves. This ancient town is home to thermal spa baths that have supposed healing properties.

Benefits

Chaves will have very few expats to contend with, and if you’re looking to dive right into local culture this will be a beautiful place to do so.

Prices

The average price per square meter in Chaves is € 781. To buy a 2-bedroom apartment here the average price would be around €100,000. For a bigger three-bedroom villa with a pool, you can expect to pay between €200,000 and €250,000.

Azores

Are you able to provide a bit more info here please? Perhaps mention that it’s an independent territory but is still part of Portugal.

Benefits

The Azores islands are one of Portugal’s best-kept secrets, as they have unrivaled natural beauty and not so many foreigners visiting or living there.

Prices

The average price per square meter in the Azores is € 1,736. To buy a 2-bedroom apartment here the average price would be around €200,000. For a bigger three-bedroom villa with a pool you can expect to pay between €300,000 and €400,000.

Madeira

The same applies here please like the Azores.

Benefits

Madeira is a volcanic island off the coast of mainland beauty that offers a fantastic package to expats and retirees in terms of the standard of living. There are numerous beautiful walks in the Levada’s with lush vegetation and some jaw-dropping panoramic sea views around the island.

Prices

The average price per square meter in Madeira is €1,631. To buy a 2-bedroom apartment here the average price would be around €200,000. For a bigger three-bedroom villa with a pool, you can expect to pay between €400,000 and €450,000.

Get in touch

Goldcrest are property experts and can assist you and your family in finding the best place to live in Portugal. We have deep expertise in the Portuguese real estate market and will always act diligently on your behalf to negotiate the best possible deal for you.

Frequently asked questions

Where are the best places to live in Portugal?

The best places to live in Portugal are Lisbon, the Algarve and Porto. It depends on what you value most highly, but these places are frequently rated as the best.

Is it expensive to buy a home in Portugal?

Relatively speaking it is still affordable to buy a home in most of Portugal. The central parts of Lisbon can be more expensive, but on the whole the value for money is good in Portugal.

How can I find the best cities to live in Portugal?

When looking for Portugal real estate for sale, we would advise enlisting the help of a trusted professional such as a buyer’s agency.

 

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