Portugal is fast becoming one of the most expensive places in Europe to buy property. One of the reasons for this is the country’s attractive tax incentives for wealthy foreign investors [1]. Combined with the country’s gorgeous natural landscapes, vibrant culture and luxurious lifestyle options and you can understand why the country is attracting affluent buyers from all over the world.

Regions like Lisbon, Cascais, the Algarve, Oporto and Comporta are particularly sought after, offering exclusive neighbourhoods with privileged access to services and natural spaces.

Five of the best places to buy luxury property in Portugal

1. Lisbon

Lisbon is the cultural and economic hub of Portugal, attracting international investors and celebrities like Madonna and Eric Cantona. The city’s lively nightlife, Michelin-starred restaurants like Alma by Henrique Sá Pessoa and Belcanto by José Avillez, plus designer boutiques along Avenida da Liberdade make it a prime destination for luxury living.

Luxury properties in Portugal’s capital range from historic townhouses in Chiado to sleek penthouses with river views in Avenida da Liberdade.

2. Cascais

Located just a 30-minute drive west of Lisbon is Cascais – an area known as the “Portuguese Riviera.”

Home to celebrities like Cristiano Ronaldo and John Malkovich, this coastal town has a laidback yet refined vibe, boasting exclusive golf clubs such as Oitavos Dunes and gourmet dining at restaurants like Furnas do Guincho.

Quinta da Marinha and Estoril are two of the most popular places to buy luxury homes in Cascais.

3. The Algarve

The Algarve, Portugal’s southernmost region, is famous for its luxury resorts. Many A-list celebrities and professional athletes have homes here, including Bonnie Tyler, Cliff Richard, Wayne Rooney and Steven Gerrard.

The area is renowned for its world-class golf courses, upscale spas, exclusive beach clubs and fine-dining restaurants like Vila Joya and the two-Michelin-starred Ocean Restaurant.

From Albufeira to Quinta do Lago, the Algarve offers many high-end properties with breathtaking ocean views.

4. Oporto

Combining historic charm with contemporary luxury, Oporto is another of Portugal’s luxury property hotspots.

The city itself is a UNESCO World Heritage Site, featuring designer shops and luxury hotels alongside historic architecture, while surrounding the city is the Douro Valley – a world-famous wine-producing region.

Oporto’s luxury property market includes restored historic buildings, modern penthouses and riverside mansions.

5. Comporta

Dubbed the “Hamptons of Europe”, Comporta is a peaceful area, consisting of endless rice fields and pristine beaches.

Located on the southwest coast of the country, Comporta is less well-known than the other areas on this list, making it ideal for those seeking privacy and exclusivity.

Christian Louboutin and Sharon Stone are among the celebrities to own property in Comporta. Royal figures like Princess Eugenie and Jack Brooksbank and Prince Harry and Meghan Markle are also reported to own luxury villas in the exclusive CostaTerra Golf and Ocean Club near Comporta.

For everything you need to know about buying property in Portugal, download the Portugal Buying Guide.

 

Source:

[1] https://www.bloomberg.com/news/articles/2023-12-15/why-lisbon-s-hot-housing-market-refuses-to-cool-down

 

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Written by PropertyGuides for Rightmove