The luxury homes business is still booming in Portugal, being fuelled by Portuguese and also by the return of foreign buyers to the Portuguese market. But what are the most expensive streets in Portugal to buy a house? Topping the ranking in 2022 is Rua Alto do Duque, located in Belém (Lisbon) and it is here that you can find some of the most expensive houses in Portugal. Average property prices on the street stood at 4,440,000 euros in July. Let's have a closer look at the 10 most expensive streets in Portugal in 2022.
The Top 10 ranking of the most expensive streets to buy a house is dominated by properties that are located in the Lisbon district, according to a study carried out by idealista, the real estate marketplace in Portugal.
Completing the podium of this luxury ranking are Avenida Brasil, in Cascais (Greater Lisbon), with houses costing an average of 3,107,143 euros in July, and Avenida Almirante Gago Coutinho, in the Alvalade area, in the capital (€3,037,778).
The fourth address with the highest house prices in Portugal is Avenida de Grândola, in the exclusive Troia Peninsula, in the district of Setúbal (3,029,500 euros). Next in the table are Avenida General Carmona, in Estoril (2,990,000 euros) and Rua das Glicínias, in Cascais, where the average prices of luxury houses and villas are around 2,825,000 euros.
In seventh position is Avenida 24 de Julho, located in the parish of Misericórdia, in Lisbon, which has homes at an average price of 2,702,928 euros. The list of the 10 most expensive streets in Portugal is completed with Avenida Marginal, in Estoril (2,596,727 euros), Avenida da República, in Cascais (2,589,375 euros), and Rua Birre, also in Cascais (2,444,286 euros).
The 10 most expensive streets in Portugal 2022
| Street | Parish | District | Price (euros) | |
| 1 | Avenida do Alto do Duque | Belém | Lisbon | 4,440,000 |
| 2 | Avenida Brasil | Cascais | Lisbon | 3,107,143 |
| 3 | Avenida Almirante Gago Coutinho | Alvalada | Lisbon | 3,037,778 |
| 4 | Avenida de Grândola | Carvalhal | Setúbal | 3,029,500 |
| 5 | Avenida General Carmona | Estoril | Lisbon | 2,990,000 |
| 6 | Rua Glicinias | Cascais | Lisbon | 2,825,000 |
| 7 | Avenida 24 Julho | Misericórdia | Lisbon | 2,702,928 |
| 8 | Avenida Marginal | Estoril | Lisbon | 2,596,727 |
| 9 | Avenida da República | Cascais | Lisbon | 2,589,375 |
| 10 | Rua Birre | Cascais | Lisbon | 2,444,286 |
Methodology
For this study, idealista analysed the absolute average price of houses and apartments advertised on the same street. In order to avoid data distortion, only the streets with a minimum of 10 listings were considered, also eliminating properties that are duplicated. This study only reveals the average price of the street, which does not mean that these are the most expensive properties in each market.
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