Barbara Queiróz Updated: December 11, 2025
Vineyards for sale in Portugal can be a lucrative investment. They offer potential capital appreciation, diversified revenue streams, and a unique lifestyle appeal, creating long-term value and stability for property owners.
Portugal is famous for its Port wine and is an excellent choice for buying vineyards due to its rich winemaking history, over 250 native grape varieties, and warm climate. The country attracts foreign investors seeking profitable business opportunities and unique European real estate assets.
Although foreigners can purchase vineyards in Portugal without any restrictions, there are some local regulations, documentation, and processes to consider. In this article, we provide valuable tips on the Portuguese wine regions, the purchasing process, and the average property prices.
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Key Takeaways of Buying Vineyards for Sale in Portugal
- Buying vineyards in Portugal can be a great investment opportunity for foreigners. The real estate market in Portugal offers economic stability, strong capital appreciation, and average 6.9 percent rental yields driven by tourism for investors.
- Local and foreign investors can take advantage of the affordable property prices, high quality of life, and fertile soil.
- The average cost for a farm with a vineyard starts at €400,000. However, a fully operational winery can cost more than €1 million. The best places to invest are the Douro Valley, the Dão region, the Alentejo, Vinho Verde, and the Algarve.
- There are no restrictions on foreign property ownership, including agricultural land for US and UK citizens. However, non-residents and residents require a Portuguese NIF number to purchase property, apply for financing, or pay taxes.
What makes Portugal ideal for owning a vineyard?
Portugal is a strategic location for owning a vineyard due to its favorable climate, stunning views, rich wine-making history, and the growing property market. The quality of life in Portugal is exceptional, paired with high safety rates.
Here are the main factors that make Portugal an ideal place to purchase vineyards for sale:
- Diverse climate: Despite its small size, Portugal boasts a huge range of climates, from the cooler, wetter, and granitic soils of the Vinho Verde region in the north, to the hot, dry, cork-oak landscapes of the Alentejo in the south. This diversity can help you cultivate different grape and wine styles from white sparkling wines to strong red wines and fortified wines.
- Spectacular scenery: Every region in Portugal offers stunning views for different types of luxury homes. From the steep slopes overlooking the Douro Valley to the rolling plains dotted with olive groves and cork oaks across the Alentejo region. You can find vineyards for sale in Portugal that cater to your every need.
- Rich history of making wine: Portugal’s wine history dates back to 2,000 BC. Its biggest impact was the 17th-century rise of Port wine, developed for export to Britain. This led to the Douro Valley becoming the world’s first officially demarcated wine region in 1756. Today, Portugal has over 250 unique native grape varieties, preserving a distinct viticultural heritage, according to Wines of Portugal.
- Growing real estate market: Portugal real estate investment has shown significant growth due to the country’s high quality of life, demand from international investors, stable rental yields, and capital appreciation.
Why the wine industry matters in Portugal?
The wine industry in Portugal is vital to the country’s economy, rural stability, and national identity. It accounts for approximately 1.5 percent of the country’s GDP (Gross Domestic Product) and is a significant export driver. The revenue from wines at home is estimated to grow 1.83 percent from 2025 to 2030, according to Statista.
Based on reports from the National Institute of Statistics (INE) in Portugal, wine production increased in almost every region. Wine output hit 7.3 million hectolitres in October 2023, which is the strongest average production level recorded since 2006.
According to the Comité Européen des Entreprises Vins (CEEV), wine tourism is a rapidly growing sector that attracts millions of visitors, creating jobs and boosting local revenue for small businesses. In 2022, about 36 million people visited areas that are surrounded by vineyards to search for vine-related experiences. They prefer to explore the rural landscape, as well as its social and cultural traditions.
Check our ultimate guide to Portugal real estate
Where to find the best vineyards in Portugal?
The top Portuguese wine regions to find vineyards for sale are the Douro, Dão, Vinho Verde (Minho), Alentejo, Lisbon, Tejo, and Setúbal regions. Here is a more in-depth look at these real estate opportunities, whether you are looking for affordable or luxury properties.
Douro region
The Douro Valley is one of Europe’s fastest-growing destinations for luxury tourism (ecotourism), with visitor numbers surging in recent years. This means vineyard properties, particularly quintas for sale in Portugal, are prime targets for conversion into boutique hotels and agrotourism ventures.
The Douro Valley is home to the world-famous Port wine, a fortified wine with centuries of global recognition and a loyal, high-value consumer base. Owning a vineyard (quinta) here puts you at the center of the oldest officially demarcated wine region in the world, established in 1756.
The steep slopes of the Douro River valley are recognized as a UNESCO World Heritage Cultural Landscape. This means that real estate developers must follow strict management plans and regulations to protect the land, which is a major draw for luxury buyers.
The soil is predominantly schist, a slate-like rock that is poor in nutrients but excellent at retaining heat and forcing the vines to dig deep for water. It is a strategic location for creating high-quality, elegant wines.
Mountains surround the region to keep away the damp Atlantic winds. This creates a unique microclimate of hot, dry summers and cold winters. These conditions are ideal for producing the robust, full-bodied red wines that characterize the region.
Dão region
The Dão region is considered one of the best places to find vineyards for sale in Portugal, not necessarily because it is the most famous, like the Douro Valley, but because it offers a unique combination of high-quality terroir, elegant wine style, and strong potential for investment value.
Dão is often undervalued and offers excellent value for entry-level or long-term growth investors. As the quality of Dão wines continues to rise and gain international recognition, the capital appreciation potential is significant. This means you are buying real estate in a strategic location that’s on a strong upward trajectory.
A wine estate in Dão can be completely surrounded by high mountain ranges, like Serra da Estrela and Caramulo. This creates a temperate, almost continental climate with warm, dry summers and cool nights. Owning a vineyard here can be a great choice if you want to produce balanced, age-worthy, and elegant wines.
Dão is famous for the Encruzado white grape, which produces world-class, mineral-driven white wines. Here, you can find abandoned vineyards for sale in Portugal. In many cases, the property includes easy access to the hilly landscape of pine forests, granite outcrops, and vineyard pockets. It is a peaceful place to live in Portugal, which is further away from classic city life.
Vinho Verde (Minho)
The Vinho Verde region (historically Minho) is an excellent area to find vineyards for sale in Portugal, due to its distinct wine style and high export success.
Vinho Verde is one of Portugal’s most exported wines, particularly popular in the US and other Northern European markets. This strong, consistent international demand provides a ready market for the grapes and finished product.
The wines are renowned for their fresh fruit flavors, crisp acidity, and low alcohol content. This wine style is far different from the heavy reds of the south, and fills a specific and growing market niche for light, summer-friendly wines.
While famous for the “classic” light style, there is significant recent investment and a movement towards producing serious, sophisticated, single-varietal wines, particularly using Alvarinho (in the Monção e Melgaço sub-region) and Loureiro grape varieties. Buyers can capitalize on this shift toward high-end production.
Vinho Verde is the largest Demarcated Wine Region (DOC) in Portugal. This large size means a greater availability of land and diverse real estate options. The soils are predominantly granitic and fertile. Since the area is located in the northwest, you can enjoy a mild, humid climate with abundant rainfall.
Alentejo
The Alentejo real estate market is becoming the best place for buying vineyards for sale in Portugal, thanks to its strong investment returns, large-scale properties, and tourism potential.
Alentejo is the largest wine region in Portugal, covering over 30 percent of the country’s territory. The area features various soil types, including schist, granite, and clay. This sheer size allows for larger-scale and more efficient viticulture compared to the terraced vineyards of the Douro Valley.
According to the Bank of Portugal, investing in a vineyard in the Alentejo region requires an average minimum investment of around €280,000. It can yield an annual return of about 8 to 12 percent. Property prices for vineyards have risen by about 15 percent since 2022.
While the costs of buying property in Portugal are increasing, land acquisition costs in the Alentejo region can still be significantly lower than in prime spots near the Douro River or Lisbon. Therefore, investors can find a cheap vineyard for sale in Portugal at affordable prices.
Vineyard for sale in Alentejo enjoys a hot, dry climate with long hours of sunshine. The climate is ideal for achieving full grape ripeness and producing the region’s signature, powerful, full-bodied red wines, as well as softer, aromatic whites. You can consult with a real estate agent in Alentejo to find a suitable property based on your goals and desired lifestyle.
Alentejo is globally recognized for its Wines of Alentejo Sustainability Programme (WASP), a pioneering initiative that makes it one of the most sustainability-conscious wine regions in the world. This strategic location is just a short drive from Lisbon, which means it gets a constant flow of foreign investors and tourists. In Alentejo, Lisbon, and nearby areas, you can even find castles for sale in Portugal.
Lisbon
The Lisbon municipality has the biggest advantage because of its easy access to the capital city in Portugal. It is a perfect place for tourism businesses, such as boutique hotels, restaurants, wineries, or quintas for sale.
The Lisbon real estate investment market is thriving due to its warm climate, beautiful coastline, and strong returns. The demand from investors and expats is high near the Portuguese capital, although Lisbon has the highest property prices in the country.
Rental yields in Lisbon vary from 5.2 percent to 6.8 percent. The Greater Lisbon area offers more affordable prices than the Lisbon coast, making the city a profitable option for long-term value from Portugal real estate.
Lisbon is one of the most productive wine regions by volume in Portugal. It is known for its wide variety of styles, from simple, delicious everyday wines to more complex, premium DOC wines. The region focuses heavily on exports (up to 80 percent of production in some areas) and caters to diverse market needs, including Portuguese grapes and international wines.
You can find small vineyards for sale in Portugal, specifically in the Lisbon Wine Region, formerly known as Estremadura. Properties here are often marketed as traditional farmhouses (quintas) with vineyards.
The main residential quinta includes a luxurious master suite on the ground floor. It opens onto a large terrace overlooking the heated swimming pool. The property provides an ideal base for guests to enjoy outdoor activities.
For the agricultural operations, the property features income-generating olive groves and various fruit trees alongside the vines. The cellar, located on the ground level, often houses the aging oak barrels and is protected by a modern alarm system. Luxury real estate in Lisbon can also include a smaller house for estate staff.
Tejo
Tejo is an excellent region to find vineyards for sale in central Portugal. The area offers accessible and high-value real estate, especially for properties near the Tejo River.
Each zone in Tejo caters to different wine types. The riverbanks have fertile soil and a more temperate climate, perfect for refreshing white wines like Fernão Pires and Arinto. Bairro to the north has rolling hills and clay-limestone soils, ideal for producing full-bodied, structured red wines. While Charneca to the south offers a drier, flatter area that can produce high-quality red wines, such as Castelão.
Tejo wines are consistently known for being some of the most affordable produced in Portugal today. This is a crucial market advantage, offering consumers great value and high-profit potential for producers.
The area also boasts numerous historical monuments, including Roman ruins and Gothic castles. It benefits from the Tejo Wine Route, which draws visitors to vineyards with tourism license in Portugal.
Setúbal
The Setúbal Peninsula, located south of Lisbon, is an attractive region for buying vineyards for sale in Portugal, due to its exclusive fortified wines, high-quality reds, and wine tourism. It is the home of the Moscatel de Setúbal wine.
The region also produces the even rarer, purplish Moscatel Roxo, which offers an even higher level of prestige.
Setúbal is situated approximately 40 kilometers from Lisbon and borders the stunning Serra da Arrábida Natural Park, as well as the beautiful Atlantic beaches. This location offers a blend of peaceful rural living and urban convenience.
The combination of historic wineries, the scenic Arrábida coast, and the proximity to the capital makes Setúbal a strong wine tourism destination. Vineyard properties are well-suited for conversion into high-end boutique guesthouses or providing unique wine experiences.
Setúbal has a Mediterranean climate with hot and dry summers and mild and rainy winters. There is high humidity and cool sea breeze, which can help grains retain their natural acidity and freshness.
Hilly areas along the slopes of the Serra da Arrábida offer denser soils, which are considered the finest location for Moscatel de Setúbal and Moscatel Roxo grapes. You can consult with an English-speaking realtor in Portugal to find the location that suits your needs.
The Algarve
Algarve real estate market is the most famous and prestigious region for expats looking for winery properties. It is the sunniest area, ensuring optimal ripeness and concentrated red wines. With millions of tourists visiting annually, a vineyard for sale in the Algarve can provide high returns and average rental yields of 5.6 percent, with prime coastal areas reaching up to 8 percent.
Investors who want to build from scratch often turn to land for sale in Lagos, Portugal. While those who prefer properties for large-scale production choose already finished real estate with built-in wine tourism.
You can also find property for sale in Alvor, Portugal, which is a charming coastal village and parish located in the Algarve region. The soil is very diverse, which can help create aromatic, softer, and lighter wines.
Madeira and the Azores
Madeira is well known for its centuries-old, globally recognized fortified wine brand, the Madeira Wine. It is one of the longest-lasting quality wines in the world. Investing in a vineyard here offers long-term asset stability, as the wine’s value appreciates over decades.
The Azores, specifically Pico Island, offers a highly unique niche focused on “heroic viticulture” within lava fields. The soil can yield exclusive, high-acclaim white wines with unmatched salinity and mineral character. There are many houses for sale in Pico, Portugal, at affordable prices depending on the location and type of property.
Looking for the best properties for sale in Lisbon?
How much does a Portuguese vineyard cost?
The price of purchasing a vineyard in Portugal varies depending on the size of the vineyard, its location, and the winemaking equipment.
For example, you can find a wine farm for sale starting at €400,000. A farm for sale in Portugal is often more affordable when located inland, away from cities and tourist destinations.
However, an existing vineyard or a Portuguese winery for sale, with the right equipment and premises, will cost you upwards of €1 million.
When it comes to luxury properties in Portugal, such as larger vineyards, exclusive villas, or luxury estates, prices range from €2.5 million to €10 million. Prime regions, such as the Douro Valley near the coastline, can reach €25 million or more.
But these costs are general estimates and often vary based on current market trends. For example, in 2017, Sir Cliff Richard put his vineyard in the Algarve up for sale for around €87.2 million. This indicates an increased international demand for Portuguese vineyards.
If you prefer to create your vineyard property from scratch, then buying land for sale in Portugal can be a more affordable alternative, especially if you purchase empty land. Agricultural land tends to have lower costs in Central Portugal, with the average price range of €15,000 to €25,000 per hectare.
What is the investment potential of owning a Portuguese vineyard?
A wine estate in Portugal provides a more accessible entry point for investment. Compared to established real estate markets like Tuscany in Italy or Bordeaux and Burgundy in France, the price per hectare for productive, quality vineyard land in Portugal remains lower.
The average asking price for properties in Portugal ranges from €1,903 to €4,935 per square meter. Real estate costs are more affordable compared to those in other Western European countries, such as Spain, Italy, France, or the United Kingdom.
A winery for sale can diversify your revenue streams from local tourism. Investors can use their properties as boutique hotels, guesthouses, event venues, or rent out villas with private vineyards in Portugal.
How to invest in wineries and vineyards in Portugal?
The process of buying vineyards for foreigners is relatively straightforward. Portugal doesn’t restrict foreign property ownership, including agricultural land. However, you will need a Portuguese tax number (NIF) before you can sign any contracts, open a local bank account, or pay taxes. Here is a step-by-step guide to the purchasing process.
Step 1: Obtain a NIF
You can obtain a Portuguese tax number (NIF) in person, at a local tax office (Serviço de Finanças) or a Citizen Shop (Loja do Cidadão). If you are a non-EU citizen living outside the country, you can appoint a fiscal representative to submit the documents on your behalf.
Step 2: Consult with professionals
We highly suggest you appoint a real estate lawyer in Portugal to protect your interests and perform due diligence. They can sign documents on your behalf via Power of Attorney (Procuração).
Lawyers can also check for hidden debts or draft legally-binding documents, such as the Promissory Contract (CPCV). As a buyer’s agent, Goldcrest has a network of experts and can introduce you to lawyers, tax advisors, or contractors who can help with your property purchase.
Step 3: Open a bank account
A Portuguese bank account is necessary when making a deposit, settling the payment for the final deed (Escritura), or paying property taxes in Portugal, such as IMT (Municipal Property Transfer Tax).
Step 4: Finance your real estate
If you need financing, you can obtain a mortgage in Portugal. Non-residents often borrow between 60 percent and 80 percent of the property value. Portugal offers competitive mortgage rates for foreigners and attractive investment policies.
Step 5: Register the property
After you sign the final deed of sale (Escritura), you can register the vineyard in your name at the Land Registry (Conservatória do Registo Predial). This makes you an official owner of the property.
What grape varieties make Portugal's vineyards unique?
Portugal has more than 250 grape varieties, including:
- Touriga nacional – Grows in Douro and Dão. Famous for being Portugal’s noblest red grape, providing intense floral aromas (violet) and firm structure to Port and premium dry reds.
- Touriga franca – Widely planted in Douro and Dão. It is the most planted variety in the Douro, known for adding elegant aromatics, finesse, and fruit complexity to Port and table wine blends.
- Tinta roriz (Tempranillo/Aragonez) – Grows in Douro (Tinta Roriz) and Alentejo (Aragonez). This is Portugal’s version of Tempranillo, famous for providing sweet, ripe red fruit and a soft texture to blends.
- Alicante bouschet – Predominantly grown in Alentejo. Famous for being a Teinturier grape (red skin and red flesh), providing deep, inky color, structure, and intense, rich, age-worthy red wines.
- Baga – Grown primarily in Bairrada. Known as the queen of the region, it produces deeply colored, highly tannic, and acidic red wines that evolve into elegant, complex flavors with age.
- Arinto – Found across Vinho Verde and Bucelas. Prized for its exceptionally high natural acidity, ensuring wines stay fresh, crisp, and age-worthy even in hot climates.
- Alvarinho – Grows in Vinho Verde and is famous for producing the region’s most structured, full-bodied white wines.
- Encruzado – Grows almost exclusively in Dão. It is one of Portugal’s finest white grapes for producing rich, elegant, and mineral-driven wines.
- Antão vaz – Predominantly grown in Alentejo. Famous for its resilience to heat and drought, it produces white wines with tropical fruit flavors, structure, and balanced acidity.
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 Vineyards for Sale in Portugal
Where can I find vineyards for sale in Portugal?
You can find many vineyards for sale in the Portuguese wine regions. The Douro Valley is famous for luxury estates and Port wine. The Alentejo offers vast, large-scale properties and excellent investment potential. Other popular locations include Vinho Verde, Dão, and the Algarve.
Is a vineyard a good investment?
Yes, a vineyard can be a good investment. For example, Alentejo vineyards have demonstrated strong performance, with estimated annual returns ranging from 8 percent to 12 percent. Vineyard values have also increased by 15 percent in recent years, indicating strong potential for capital appreciation.
Can foreigners buy vineyards in Portugal?
Yes, foreigners face no restrictions when buying vineyards or agricultural land in Portugal. The government actively encourages foreign investment. As a foreigner, you will need a Portuguese tax number (NIF) and to hire local legal representation to navigate due diligence on zoning, water rights, and property licenses.
How much does an average vineyard cost?
The price for an average wine farm starts at €400,000, with more affordable options inland. An existing, operational winery costs over €1 million. Luxury vineyards for sale in Lisbon and large estates in prime areas, like the Douro Valley, range from €2.5 million to over €10 million.
Where to find cheap vineyards for sale in Portugal under 100k?
It is challenging to find affordable vineyards in Portugal for under €100,000, unless you purchase undeveloped agricultural land or a farmhouse on rural property that requires renovation. At this price point, you are buying a project, not a passive investment.
What types of vineyards are available for sale in Portugal?
There are many types of vineyards, such as commercial herdades (large properties for mass production), boutique wineries, small land plots, and luxury vineyards for sale in Portugal.
What are the best regions in Portugal to buy a vineyard?
Some of the top areas for Portuguese vineyards are the Douro Valley, Dão region, the Alentejo, Lisbon, and the Algarve. But you should research each location to find a suitable option. Your best choice would be to work with a buyer’s agent or a real estate agent in Portugal so they can narrow down your options.
Why is Portugal wine so cheap?
Portugal’s wine is of excellent value for money, meaning you get high-quality wine for a low price. For people in countries with a higher standard of living, such as the United States, the UK, Germany, or France, the wine in Portugal can feel very affordable. After all, the cost of living in Portugal is lower compared to these countries.
