Do you like the sound of waking up to the sun peeking through the curtains in your beautiful villa, taking a dip in your private pool, and enjoying breakfast in your landscaped garden overlooking the sea?
If so, it’s time to stop daydreaming about owning a home in Portugal and make it happen! Blessed with year-round sun, delightful locals, blissful beaches and vibrant cities, Portugal has a lot to offer, so much so it could be worth considering a stay that lasts longer than a holiday…
In recent years, luxury homes in Portugal have been in high demand, transforming the country into a dream destination for those with cash to splash or invest wisely.
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A stunning home for sale in the Algarve
Why is that?
Well, despite the rising cost of living, inflation and the recent pandemic, the interest and demand in Portuguese property remains ever-popular.
A recent study completed by property portal ProvenPartners found that Portugal was the 6th most affordable country to buy a luxury second home.
Where to find luxury homes in Portugal
The Algarve is ever popular with international buyers
Algarve
The Algarve, of course! Adored for its breathtaking coastlines and variety of championship golf courses, the region is a treasure trove of luxury properties.
There are a range of areas in the Algarve to find luxury homes but the most affluent homes in Portugal are found in the “Golden Triangle”. The points of the triangle are Vilamoura, Almancil and Quinta do Lago, where luxury real estate thrives.
There’s something for everyone in the Algarve, especially if there’s give to your purse strings. House prices rose by 6.1% in October 2023, from a year earlier, taking the average price to €1,208 per sq. m.
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Lisbon at sunset.
Lisbon
Portugal’s capital has also become a hotbed for luxury homes, particularly for young investors looking to get on the property market as reports note Lisbon is becoming an international hub for innovative tech start-ups. Read more on that here.
Head to neighbourhoods Chiado and Principe Real to find high-end apartments that will put you right in the heart of the city’s cultural and gastronomic scene.
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Homes in the hills of Vila Nova de Gaia, Porto
Porto
If it’s a sleek, modern apartment you’re after or you’d like a little more land with your villa, head to Porto. The city’s diverse real estate market has been popular in recent years with international buyers looking to invest in a thriving European city. After all, who wouldn’t want a place that overlooks the beautiful Douro River?
From renovated heritage buildings in the historic city centre to modern apartments in the upscale Foz do Douro district, Porto caters to various tastes and preferences.
Neighbourhoods of note include Vila Nova de Gaia and Boavista, both affluent areas known for their modern design and high-end homes.
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Investment potential
There is a never-ending demand for properties in Portugal. So much so that new-build developments are in construction up and down the country to provide further housing opportunities. This could be a viable investment for anyone looking to rent out their second home in Portugal in the off-seasons or while it’s unoccupied.
So, as you sip your coffee and daydream about enjoying a glass of fine Portuguese wine on your private terrace, or exploring the winding streets of your Lisbon neighbourhood, remember: Portugal’s luxury property market could be the key to making those dreams come true.
