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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 PortugalVilamoura 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. 

If you`re interested in Vilamoura, Portugal real estate, you can find many options: from a one-bedroom and 123 m2 apartment for €950,000 to an 8-bedroom 573 m2 villa for €2,800,000.

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.

 

Cost of living in Vilamoura

Can those on a tight budget live here? Since many Portuguese people reside here and make an average monthly income of between €850 and €1,200, you can afford it too. Here is an example of a Vilamoura monthly budget for a couple with an average budget:

  • Rent for a two-bedroom fully-furnished apartment – €1,000
  • Utilities (gas and electric) – approximately €150
  • Water – €45
  • Cable, internet, mobile phone – €100
  • Maid (three hrs, twice monthly) – €55
  • Groceries – €500
  • Transportation, diesel, gas – €100
  • Entertainment, dining out – €100

In total, the approximate amount for living in Vilamoura as a couple per month is €2,050. Keep in mind that the price varies according to your budget and whether you’re living alone or with someone. The monthly cost will also obviously depend on your lifestyle habits. 

Health insurance is another expense that can vary substantially depending on factors including age, pre-existing diseases, and the extent of the policy. Frequent eating out and extensive use of the air conditioner or heater add to a budget because Portugal has quite a high electricity cost.

 

Lifestyle in VilamouraVilamoura Portugal

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. For those that simply want to relax on the stunning beaches, there is always this option. In Vilamoura, Portugal, golf courses are of world-class quality, so avid golfers will have everything they need.

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. 

Things to do in Vilamoura

Vilamoura has a lot of things to do, and those who reside here year-round can benefit much from it. Additionally, some of these tourist destinations offer locals discount pricing of up to 50% off during the fall months after the majority of visitors have left.

Vilamoura offers a variety of dining options for every price range, from gourmet dining to family-friendly meals. Restaurants along the marina can be expensive, but if you head a few streets away from the touristic streets, the costs are much lower. If you’re looking for some typical Portuguese food like grilled sardines or bacalhau, a salted cod dish, visit one of the many cafes around. If you do not like seafood, try the hot, African-inspired piri piri chicken instead. If you want some plant-based foods, just ask for them in cafes and restaurants, and they will likely offer some for you. After dinner, some places may provide guests with a complimentary liqueur or cocktail.

Want more activities in Vilamoura, Portugal? Things to do in this area include enjoying your day on the water by going to Vilamoura’s marina, renting a jet ski or kayak, going on an adrenaline-pumping speed boat experience, or feeling the sea spray on your face. You can even  catch your own dinner, by renting a boat for a half or full-day of deep-sea fishing. Join a tour to see the well-known Benagil caves and possibly see some dolphins. Learn how to bodyboard, surf, or parasail for an exciting time at sea.

There are the cities of Albufeira, Silves, Alte, and Loulé that are close to Vilamoura and are overflowing with Portuguese culture and charm.

 

Albufeira

Albufeira is the biggest and most vibrant city in the central Algarve. Here, you can walk around the charming old town’s tiled streets and countless family-friendly cafes. The marina in Albufeira boasts a lively yet peaceful atmosphere where you can enjoy a romantic dinner for two at a reasonable price. If you want to party, go to The Strip, which is filled with cafes, bars, and clubs where you can dance the night away.

 

Silves

From the ninth through the twelfth centuries, this city served as the Algarve’s moor capital and a stronghold. As a reminder of the past, the massive red brick castle towers over the city. Today it is a thriving city of whitewashed homes set on a hillside and encircled by the old wall that served as the castle’s defense.

 

Alte

Visit the town of Alte, which some people believe to be the most Algarvian town out there, and travel back in time. The village, which dates to Roman times, is a rainbow of brightly painted homes. Alte’s main attractions are two springs where locals used to meet to wash their clothes in the clear, fresh water. Today, the well-known springs provide a refreshing retreat from the summer heat, or you can have a beverage at a cafe beside the river.

 

Loulé

The bustling market with Arabic influences in the town’s center sells daily food, fish, and handicrafts. On Saturday mornings, locals visit the gypsy market selling a wide range of goods. A visit to the town’s castle is a must for anybody visiting this classic Portuguese town.

 

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).

Frequently asked questions about Vilamoura Portugal:

1. Is Vilamoura Portugal a good place to live?

Yes for lifestyle buyers, Vilamoura is excellent. With many golf courses, watersport activities, and beaches, there is always something to do. The fine-dining scene is excellent, and the marina and casino are both popular attractions. 

2. Is Vilamoura Portugal real estate affordable?

While the properties in Vilamoura in the Loulé municipality are the most expensive in the Algarve, compared to other Western European countries, the luxury properties are often very good value for money. 

In 2020, the average asking price for a T1 & T2 apartment was €2,907/m2 and, for a villa the average asking price was €3,097/m2.

3. What is the weather like in Vilamoura Portugal?

In Vilamoura, Portugal, weather is typically sunny and temperate, with more than 300 days of sunshine each year. It is possible to enjoy the outdoors even in the depths of winter. July is the hottest month, with an average temperature of 75°F (24°C), and January is the coldest month, with an average temperature of 54°F (12°C).

4. Is Vilamoura Portugal expensive?

Even though Vilamoura is pricey by Portuguese standards, the cost of living is greatly affected by the people`s lifestyle. Budget-conscious people might opt to look for cheaper property outside of town, select smaller homes, or avoid eating out frequently.

5. Is Vilamoura worth visiting?

Vilamoura in the Algarve is a great destination if you’re seeking something entertaining to do. You’ll never get bored in this location because it has so much to offer, including gorgeous beach areas, fantastic shopping, and traditional markets.

6. What is Vilamoura known for?

Vilamoura is one of the most well-known and largest single European tourist complexes since it has six different golf courses, including the renowned Old Course, a lawn bowling club with two grass greens, a tennis center, a sports club, a shooting club, five and four-star hotels, vacation rentals, self-catering villas, nightclubs, an international casino with glamorous shows which also hosts the PokerStars Solverde Poker Season, a top-notch riding school, and plenty of other attractions.

7. Is Vilamoura a party place?

Yes, it is. Vilamoura is well-known for its nightlife.

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