From the glimmering coast of the Portuguese Riviera to the historical city of Porto in the north, there are a vast array of delightful locations for prospective buyers in Portugal.
Here, we delve into some of the very best locations to consider. Regardless of what you are looking for, the beauty of Portugal is that it seems to have something for people from all walks of life.
Lisbon
Where else could we begin than with one of the most captivating cities in Europe. Lisbon, the vibrant capital of Portugal, stands out as one of the top choices for expats and investors interested in purchasing Lisbon Luxury Real Estate. Nestled along the picturesque Tagus River, this historic city offers a captivating blend of tradition and modernity. Wander through the narrow alleyways of Alfama, discover medieval castles and ancient churches, and stroll through streets adorned with colorful azulejo tiles. In contrast, areas like Santos boast contemporary creativity with rooftop bars and modern properties.
Known for its safety and political stability, living in Lisbon provides a perfect balance between bustling city and calm oasis. The city offers many activities, from savoring local cuisine to enjoying live concerts and relaxing on one of the many beaches close to the city. With amenities like hospitals, schools, and a major international airport, both intercity travel and international journeys are easy to make. Plus, the presence of a well-established expat community adds to the city’s allure, making it an ideal place to quickly establish a network.
In the third quarter of 2023, an apartment in Lisbon would set you back €5,333 per square meter and rental yields on investment properties stood at 5.2 percent.
Porto
Porto, situated along the Douro River estuary in Northern Portugal, charms expats with its unique character, rich history, and renowned Port wine. As the country’s second-largest city, Porto’s UNESCO World Heritage city center showcases cobbled streets and medieval and baroque architecture, including iconic landmarks like Clerigos Tower and Livraria Lello bookshop.
Despite being smaller and more affordable than Lisbon, Porto offers cosmopolitan amenities, making it attractive to expats. The city has become a booming hub for startups, fostering a supportive community for newcomers. Various neighborhoods, such as Foz do Douro and Riberia, provide appealing living options, contributing to Porto’s growing popularity among expats.
In the third quarter of 2023, an apartment in Porto cost €3,750 per square meter while rental yields stood at 5.6 percent.
Faro
Faro, the main city in the Algarve region, offers a serene lifestyle amid coastal beauty and pleasant weather. While Faro may lack the cosmopolitan vibe of Lisbon, its historical significance, peaceful atmosphere, and proximity to picturesque beaches make it a desirable place to live. The city’s historic center, with landmarks like the city walls and Roman temple ruins of Milreu, adds charm to the slower pace of life.
With a thriving real estate market and more affordable rental prices compared to Lisbon, Faro caters to those seeking a comfortable lifestyle in a tranquil setting. Plus, Faro’s international airport makes it easy to get around for avid travelers.
An apartment in Faro was priced at €2,378 per square meter in the third quarter of 2023, while rental yields stood at 4.8 percent.
Sintra
Sintra, known for its magical ambiance, rich history, and UNESCO World Heritage status, stands out as both a tourist destination and a desirable place to live. Home to century-old constructions like Pena Palace and the Moorish Castle, Sintra’s cultural landscape is surrounded by lush vegetation.
Beyond the tourist attractions, Sintra offers a peaceful environment where residents can connect with nature. The proximity to the Atlantic coast, with its remote beaches and rugged cliffs, adds to the city’s appeal for beach lovers. Sintra’s idyllic setting and access to some of the Silver Coast’s finest towns make it an excellent choice for those seeking a relaxed lifestyle near the beach.
In the third quarter of 2023, an apartment in Sintra cost €2,288 per square meter and rental yields stood at 6.3 percent.
Cascais
Cascais, often dubbed the Portuguese Riviera, is a coastal town near Lisbon and is, in many ways, the ultimate lifestyle destination, offering stunning beaches and a high quality of life. Beyond its historic center and beaches, Cascais is home to luxurious real estate properties that easily cater to families and retirees seeking a beautiful and comfortable place to live, with all the amenities that they may need.
An apartment in Cascais would set you back €4,680m2 in the third quarter of 2023, while rental yields stood at 5.6 percent.
Funchal (Madeira)
Funchal, the capital of Madeira, offers a combination of natural beauty, cultural richness, and a laid-back lifestyle. Surrounded by green mountains and overlooking the Atlantic Ocean, Funchal provides a tranquil living environment. Outdoor activities, low crime rates, and a range of amenities contribute to a high quality of life. Plus, the cuisine is to die for, and the warm climate ensures that it is t-shirt weather even in the winter months.
Ponta do Sol, Madeira: The Digital Nomad Village
Ponta do Sol, known as the “Sunniest Place in Madeira,” offers a microclimate and stunning landscapes. This town, surrounded by the Atlantic Ocean and mountains, is particularly popular among digital nomads. The Digital Nomads Madeira project welcomes remote workers, providing access to a supportive community and a range of activities.
The Azores
The Azores, an archipelago in the North Atlantic Ocean, captivates with its green rolling hills, jaw-dropping viewpoints, and incredible produce. Renowned for lush greenery, volcanic craters, and azure lakes, the islands offer a peaceful and idyllic lifestyle. Boasting a temperate climate and diverse ecosystems, the Azores attract nature enthusiasts and outdoor adventurers.
Beyond its natural beauty, the region offers a welcoming community, safety, and a low cost of living. As an emerging investment destination, the Azores present opportunities in tourism, agriculture, and renewable energy. With a strategic location, tax incentives, and a quality of life that rivals the best, the Azores beckon as an appealing place to live and invest.
Ericeira
Ericeira, located on Portugal’s Silver Coast, captivates expats with its charming atmosphere, world-class surfing and other water sports. This picturesque town, known for its consistent waves, maintains a laid-back lifestyle near the Atlantic Ocean. Preserving traditional Portuguese charm, Ericeira offers a tranquil environment for those seeking a peaceful seaside lifestyle.
There are also several other beautiful towns and villages on the Silver Coast, such as Peniche and Nazaré, where you’ll be able to enjoy sweeping views of the Atlantic and embrace the truly authentic side of Portugal.
Where is the best place for you?
There is a wide array of jaw-dropping locations to consider in Portugal. First, you’ll want to decide if you want to live in a bustling city or by the ocean. Some locations even offer the best of both worlds. For example, if you live in Cascais you’ll be able to enjoy a serene seaside town while being in convenient proximity to Lisbon.
Luxury buyers will also find stunning properties up and down the country, from grand mansions to vineyards and modern apartments to palaces.
The first step is to consider what you are after. Are you looking to move with your family? If so, Lisbon, Porto, and the Algarve offer the greatest selection of international schools. If you are looking to retire, then the Algarve or Porto may be your best bet, while those seeking tranquility and water sports galore may opt for the Silver Coast or the autonomous islands.
So, where will you choose?
