Vilamoura Portugal has established itself as a chic, fashionable, and popular location to live in Portugal. Indeed, even the rich and famous have staked their claim in this bustling resort in the Algarve region, where the sun beckons, the beaches invite you to enjoy yet another day in paradise, and there is always some activity to get involved with, should you so desire.
In this article, we’ll dive into what makes Vilamoura such a desirable area in Portugal, before running over practical information that you may not be aware of.
Why choose Vilamoura Portugal
Vilamoura is located in the central Algarve in the Loulé municipality. It is well known in Portugal for its large marina, golf courses, and casino. Lined with restaurants, cafes, and miles of walking and biking trails to choose from, you are well covered.
This is without mentioning the two excellent sandy beaches — Praia de Vilamoura in the east and Praia da Falésia to the west. It is not difficult to see why Vilamoura is so popular with expats. Those who like to shop in style will also be happy with the wide range of options — from authentic, local craft stores to the most prestigious international brands.
For those that come alive in the evenings, there are many clubs and bars, alongside excellent restaurants. The best DJs also choose Vilamoura, and the casino offers a thrill for those that are looking for an adrenaline rush.
There are also a multitude of activities to choose from, which we’ll run over later in the article – from watersports to yoga, there is something for every taste.
Alongside these factors, arguably the most important is the climate of Vilamoura. Perfect, sunny days and high temperatures await, even in the winter months. Indeed, it is not difficult to see why Vilamoura has fast become a favorite with expats.
Vilamoura Portugal real estate
Vilamoura is renowned as a haven for expats, with some of the most luxury properties in Portugal. However, what is the current state of the real estate market here? What property types can you find here? In this section, we’ll uncover the real estate secrets of Vilamoura.
Vilamoura Portugal real estate: What are my options?
From villas to sleek apartments, beach houses to large houses, you should be able to find many property types in Vilamoura Portugal. You may even find a penthouse – see our article here on where to find a penthouse for sale in Portugal.
Vilamoura Portugal real estate: property prices
Vilamoura lies in the Loulé municipality, which is the most expensive municipality for real estate in the Algarve. In 2020, the average asking price for a T1 and T2 apartment was €2,907/m2 and, for a villa the average asking price was €3,097/m2. Note that this is the average asking price, not the transaction price. The transaction price can be either higher or lower, and with good negotiation skills, you may be able to bring the price down.
Vilamoura is known for its luxury properties. Indeed, for both lifestyle buyers and investors, there are ample opportunities. Bear in mind that luxury properties in Portugal are generally very good value for money. Indeed, you can find exceptional properties here that are significantly cheaper than their equivalents in other western European countries.
Vilamoura Portugal – current state of the market
The popularity of Vilamoura amongst tourists expats means that the resort is an excellent location to invest or live in. Property prices are continuing to increase, in addition to the Portuguese real estate being very secure, plus performing very well (so far) during the COVID-19 pandemic. Despite the pandemic, foreign interest has remained strong.
Lifestyle in Vilamoura
For people living in Vilamoura Portugal, there is something on offer for everyone. There are many watersport activities that you can try. Or why not take part in yoga classes, where you can get to meet fellow expats. There are also cooking classes and gourmet shops where you can learn about the tricks of the Portuguese kitchen. Or for those that simply want to relax on the stunning beaches, there is always this option. There are also many world-quality golf courses in the area for avid golfers.
With over 300 days of sunshine every year, the Algarve boasts one of the best climates in the world. It is very easy to live an active life, while the cuisine is, in general, very healthy – think fresh seafood, vegetables, and hand-picked fruits. The wine scene is excellent, with Portugal having one of the best winemaking climates and practices in the world.
Vilamoura itself provides buyers with an exquisite taste of real luxury – a grand casino, a large marina, and many outstanding properties to choose from, whichever type of property you are after. Indeed, the rich and famous come to call Vilamoura home, and there are several reasons why Vilamoura is one of the most sought-after parts of Portugal.
Aside from this, in Vilamoura, you will have simply outstanding fine-dining experiences. This resort is a place where you can forget about time passing by, and just embrace every day as it comes.
The climate in Vilamoura
Vilamoura has a warm, temperature climate, typical of the Mediterranean. The rain falls mostly in the winter, with little rain during the summer months. The hottest month is in July, with an average temperature of 75°F (24°C), and the coldest is January, with an average temperature of 54°F (12°C).