Portugal real estate market: Good opportunities to own a HOUSE in Europe

When it comes to finding the cheapest property in Europe, Portugal is a great place to start. Known for its affordable cost of living and sunny climate, Portugal has been a popular destination for real estate investors and retirees in recent years.

Portugal, the Mediterranean country in Europe

One of the most affordable areas in Portugal is the Algarve region, located in the southern part of the country. The Algarve is home to picturesque beaches, charming fishing villages, and a mild Mediterranean climate, making it a desirable location for both permanent residents and holiday homeowners.

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What types of houses will you find for sale in Portugal?

In Portugal, you can find a variety of houses for sale, including traditional stone houses, modern villas, apartments, townhouses, and country homes. The types of houses available will depend on the location and the price range. For example, in the cities, you may find more apartments and townhouses, while in rural areas you may find more traditional stone houses and country homes. Additionally, Portugal’s coastline is known for its luxury beachfront properties.

Traditional stone houses

Well, traditional stone houses isn’t what you are looking for when are are seeking for a good deal houses, to sell, renovate or rent. But, tipically, we can see many of this houses in Portugal, and it is almost like that:

Villas and small farms

Diving on the internet this last weeks, i found this video. They talk preciselly about this case, of buying a small villa or small farm, that has generally a old house-base, that you need to remodel and renovate.
Seems a good opportunity in my view. But take care, try to look for properties nearby a city or small village, around between 10~15km far from some village with a market, hospital and this things. Many factors are envolved, if it has water, location and condictions of the property.

They have also another video, i liked a lot to watch and i recommend you to watch also if you are interested on this market. Here they show a timelapse of restoring their portuguese quinta (how they name farm here: quinta).

In general, this farms here in Portugal are from old local farmers, that went to live in the urban areas and are willing to sell their properties.

Many of them used to produce wine, olives, apples, pears, and for some reason they stopped producing.
Therefore, it is possible that you buy some small properties with these plantations, even though they are inactive.

Apartments and urban houses for Remodeling

These are from where comes the best deals in Portugal for real state investments. If you want to buy, renovate/remodel, and sell for a upper amout than you paid before, this is the best deal, trust me!

I found a website that share/sell some houses for renovate/remodeling. Yea, you buy a old house for a very low price, renovate and sell it for a higher price than you paid initially. The website is below:

Home Key Portugal

They have many houses, quintas, little rural properties, all of this with a good price. It’s worth to check!

Luxury beachfront properties

If you has enough money to buy this kind of houses, go on!

But keep in mind, this kind of deal isn’t really a “good deal” for investor. If you desire to gain money and convert this investment in a large amout of money by selling of rent houses in Portugal, apartments and old houses for remodeling are the best options!

These are some of the types of houses that you can find for sale in Portugal. The availability of each type will depend on the location and price range.

What is like the properties prices?

Prices for property in the Algarve vary depending on location, but on average, you can find a one-bedroom apartment for around €50,000-€80,000, while a three-bedroom villa can be purchased for around €150,000-€200,000. For example, in the city of Portimão, prices for a one-bedroom apartment start around €50,000, while in the city of Lagos, prices start around €70,000.

Another affordable area in Portugal is the Alentejo region, which is located in the southern part of the country. The Alentejo is known for its rolling hills, historic towns and villages, and traditional way of life. Prices for property in the Alentejo are generally lower than in the Algarve, with a one-bedroom apartment starting at around €40,000 and a three-bedroom villa starting at around €100,000.

When buying property in Portugal, it is important to work with a reputable real estate agent who can guide you through the process and help you find the best deals. It is also important to budget for additional costs such as legal fees, taxes, and insurance.

Overall, Portugal offers some of the most affordable property prices in Europe, making it a great option for those looking to invest in a holiday home or relocate permanently. With its beautiful landscapes, delicious cuisine, and welcoming culture, Portugal is a great destination for both tourists and residents alike.

Where can you research for a house in Portugal?

First of all, you need the help of a good real estate agent. It will help you find the best property, according to what you really want. After that, you should watch out for some websites. Portugal has some good websites of reliable companies, which are always publishing shopping opportunities.

1. Idealista (https://www.idealista.pt/)
2. Imovirtual (https://www.imovirtual.com/)
3. Green-acres (https://www.green-acres.pt/)
4. Century 21 Portugal (https://www.century21.pt/)
5. Remax Portugal (https://www.remax.pt/)
6. Imo-Portugal (https://www.imo-portugal.com/)
7. Portugal Homes (https://www.portugalhomes.com/)
8. Engel & Völkers (https://www.engelvoelkers.com/pt-pt/)
9. Casas na praia (https://www.casasnapraia.pt/)
10. Portugal property (https://www.portugalproperty.com/)

Note: These websites are based on the current date and may change over time.

A very interesting site that I recently discovered on youtube, showing a property with a very attractive price, is this one: Esfera Real

It’s a site that I’ve already looked at, it seems very reliable and has several properties that I would love to buy hahaha
It’s worth checking out. Take a look on this one: Vale da Figueira – 983

Frequently Asked Question about Buying a house in Portugal