Portugal’s property market is booming, and yet prices in many areas are still below their UK equivalent. The average British home costs £230,000, or around €250,000 and, for that, you’ll be looking at a small semi-detached home. In Portugal, you could find yourself by the beach, in a swish modern apartment, or a historic farmhouse in the countryside.
How affordable is property in Portugal?
Portugal isn’t necessarily the most affordable country in Europe, but it is still far ahead of the UK. Property prices are heading rapidly upwards in Lisbon and Porto as the cities become a magnet for investors, but they’re still at an average of €1,187 nationwide. €250,000 in Portugal, if you know where to look, can get you far more house for your money than you might think, and with no work required. We investigate some of the best homes up and down the country for the price of the average British property.
€250,000 in Portugal, if you know where to look, can get you far more house for your money than you might think
Luxury apartment in Porto
Porto’s property prices rose by a whopping 16% last year – which could also be good news for investors who play their cards right. However, while homes are expensive here, you can still find fantastic apartments at affordable prices. Take, for instance, this luxury apartment, right on the riverfront in Vila Nova de Gaia, with fantastic views over the Douro. A sympathetic conversion of six former warehouses from the 18th-century, it’s finished to very high specifications. The development includes bars, restaurants, swimming pools and a spa, as well as a five-star hotel – you’ll hardly even need to leave!
Family home in Tavira
This detached family home in Luz de Tavira offers plenty of space, with three bedrooms and a spacious, dual-aspect living area. It’s perfect for families looking to enjoy the Portuguese lifestyle, as it’s just a short from the beaches of Tavira.
Four-bedroom villa with pool in Tregosa
Close to the northern border with Galicia, the unspoilt town of Tregosa is in Barcelos, a UNESCO Arts and Crafts City and is largely unspoilt by tourism, retaining a very ‘Portuguese’ feel. Swapping the average UK semi for this home, you’d find yourself with a four-bedroom villa with a wraparound garden and good-sized pool. It’s well finished, with double-glazing, electric shutters and central heating. The maser bedroom is en-suite, and all four have balconies.
Duplex apartment near the beach in Burgau
Living in the quaint Algarve village of Burgau, just a short hop from busier Lagos, you’ll feel as if you’re on holiday every day. In a private condominium, this three-bedroom duplex has an open-plan living-kitchen area and two bedrooms and bathrooms. On the first floor, there is a mezzanine that you could use as a second living area, and the final bedroom. On the roof, you have a private solarium to enjoy those 300+ days of sun!
Island living on Madeira
Last up is this contemporary apartment in Funchal, on the beautiful island of Madeira. Buying off-plan or on a development can often get you a great property at a lower price, and that’s the case here. This high-quality apartment, with fitted appliances, has a modern, open-plan layout, with a large terrace and great views. The development includes a swimming pool, gym and landscaped gardens.
Ready to buy in Portugal?
If you’re ready to buy in Portugal, don’t miss our newly updated viewing trip guide. It covers everything you need to know about planning your trip – either yourself or with an agent or developer – and about what to look out for when you actually see the properties, with a handy checklist to tick off.
The Portugal Buying Guide is designed to support you through each stage of buying property in Portugal, providing relevant, up-to-date information and tips from Portugal property experts and expats who have been through the process themselves. It helps you to: