In recent years, Portugal has enjoyed a growing demand in the real estate market. Here the richest and most famous people buy their homes in search of privacy, beautiful nature and elegant architecture. Today, we’ll tell you about the most expensive and exclusive areas to live in Portugal.
Lisbon
Lisbon is the capital of Portugal, where most of the business is concentrated and the cultural life is bursting. Because of this, the price of the property here is rising. The spacious apartments in the centre of Lisbon, with swimming pools and large outdoor terraces are the market leaders, but the most exclusive areas are those near the coast. The best known are Cascais and Estoril.
Cascais and Estoril are very popular first of all because of their location near Lisbon and its airport. In both cities there is a beautiful sunny climate, the warm waters of the Atlantic Ocean and a highly-developed luxury tourist infrastructure. Estoril is especially famous for its popular casino.
The Portuguese Riviera is the most expensive place on the coast, to the north and south of the capital. There are many hotels, residential houses and all the services you could reasonably expect and want. Here near the sea there are almost no new resorts, but there are expensive mansions and bays with small beaches.
Troia Peninsula
The Troia Peninsula is located in the municipality of Grandola, near the mouth of the river Sado. Today, there are many luxury resorts on the peninsula near the ocean. Some have their own golf courses, as well as casinos and restaurants that offer traditional Portuguese dishes.
The peninsula is also famous for the fact that large dolphins live in its coastal waters. The boats departing from the marina and the city of Setúbal offer aquatic tours through the ocean and the opportunity to see these incredible animals in the wild.
Madeira
Madeira is an autonomous region in Portugal and a well-known and much-loved resort, with no lack of gorgeous beaches. Then there is the pure mountain air, nature and silence which attract people from all over the world. All this has a big influence on property prices. Many houses are built using natural bricks and are located on the mountain slopes, from where you can enjoy a beautiful view of the ocean. At the same time, it should be kept in mind that even if your villa is on the first line closest to the sea, you’ll still have to walk a fair distance to the seafront or even go by car.
In the area are many villas with gardens, golf courses and other places to enjoy varied leisure activities. The most luxurious houses are built in the mountains, surrounded by pine and eucalyptus forests, a little way away from the main tourist routes. The people who live here are those who want to buy a house by the sea in Portugal to relax from the hustle and bustle of the city and the noise.
The Algarve
This historical region in the south of Portugal of is also convenient in terms of transport and accessibility – there is an international airport in the nearby city of Faro.
The Algarve, the most popular place in southern Portugal, is famous for its golf courses and beaches. In many coastal territories, construction is strictly regulated by law. Most people who buy a property here choose to live in it themselves, whereas only 19% of people use them for resale or rental.
Among the biggest buyers are the British, so there are plenty of facilities which cater to the needs and desires of English-speakers. That said, demand is currently increasing among French, Scandinavian, Chinese and South African ex-pats. One good reason is that many are attracted by the favourable conditions of the NHR tax break program as well as the opportunity to play golf all year round in perfect weather conditions.
The most expensive properties and plots of land in the Algarve are located in the premium "Golden Triangle" area, where the spas of Vale do Lobo, Quinta do Lago, Vilamoura and Pine Cliffs are located.
A dream villa in Soltroia, Portugal: 452 m2 with rooftop included
Today we're taking a closer look at this modern two-storey house in Soltroia, with 452 square metres (m2), which is being created by the Traçado Regulador studio.
Portugal's richest families live where houses are most expensive
The richest families in Portugal earn around 21,000 euros gross per month. And they live in the municipalities of Lisbon and Porto, on their outskirts, and in Loulé, concludes the most recent analysis by the Ministry of Finance.
Quinta do Lago real estate to be marketed by Forbes Global Properties
Luxury properties in Quinta do Lago, in the Algarve, will begin to be sold on the Forbes Global Properties luxury real estate platform, along with the best homes in the world. At issue is a partnership between Forbes Global Properties in Portugal and Quinta do Lago Real Estate, a real estate agency owned by the developers of the Quinta do Lago luxury resort.
Where to find luxury homes in Portugal
The search for luxury homes in Portugal unveils a fascination with opulence and comfort that intertwine with the country's rich history and geographic diversity. From the sun-drenched Algarve to the serene islands of Madeira and the Azores, explore the most exclusive and sophisticated residences available for purchase. Whether you're looking for a beachfront villa, a modern apartment, or a stately home, Portugal offers a unique blend of luxury living in settings that are rich in natural beauty a
Sonae to open two new hotels in Madeira and the Algarve
Sonae Capital intends to continue investing in the hotel business in Portugal. It will make its debut on the island of Madeira, with the opening of a new hotel in Funchal, and strengthen its presence in the Algarve with the opening of a unit in Lagos. The projects will add 300 beds to the group's tourist offer.
