Portugal Price Report 2024: How Much Does a House Cost & Best Places to Buy
Portugal’s attractive visa programs and favorable tax initiatives, including the Non-Habitual Resident regime, draw entrepreneurs, vacation home buyers, real estate investors, and affluent nomads.
According to the Instituto Nacional de Estatísticas, over one million foreign nationals chose Portugal as their second home in 2023, a significant increase from 781,915 in 2022.
JamesEdition, as a global marketplace for luxury real estate, is at the epicenter of this ever-changing environment. We guide investors and second home buyers seeking prime opportunities in Portugal’s evolving real estate market.
We provide cost insights by analyzing data from over 65,000 homes for sale in Portugal.
If you are considering making Portugal your new home, explore our price report highlighting 11 destinations popular among foreign property buyers.
How Much Does it Cost to Buy a House in Portugal
Our selection of regions includes the best places to purchase property in 2024, from the capital and coastal hotspots to emerging inland and Atlantic areas.
1. Lisbon
Average price on JamesEdition: €973,000 per listing / €5,120 per sqm
Prime areas: Cascais, Estoril, Ericeira, Oeira, Olhalvo, Tapada de Vale de Lobos

In the buzzy capital and surrounding region, residences range from €453,409 to €45,140,346 and are an average of 190 square meters in size. Popular spots a short distance from Lisbon that are worth exploring include Cascais, Estoril, Ericeira, and Oeiras. In terms of price, the most expensive areas include Cascais, Estoril, Olhalvo, and Tapada de Vale de Lobos. The majority of properties for sale are apartments and villas, and living in the region offers a tempting mix of tradition and modernity.
New Listings in Lisbon, Portugal
2. Algarve
Average Price on JamesEdition: €898,000 per listing / €4,100 per sqm
Prime Areas: Faro, Lagos, Loule, Albufeira, Lagoa

Real estate along the sun-soaked south coast ranges in price between €454,412 and €38,118,514 and spans an average of 222 square meters. The region is large and varied, with different landscapes and atmospheres to mull over.
Head to the Western Algarve (places like Sagres and Lagos) for dramatic rock formations, rugged cliffs, and surfing. Go to the more expensive Central Algarve (areas like the “Golden Triangle” of Vilamoura, Quinta do Lago, and Vale de Lobo) for luxe beachfront resorts and golf. And make your way to the Eastern Algarve (spots like Olhão and Tavira) for hiking, cycling, and birdwatching in Ria Formosa Natural Park and swimming in the lagoons.
The most expensive dwellings per square meter along the Algarve are in Luz de Tavira, Rogil, Pearl, Vale de Lobo, and Caramujeira. Apartments and houses are the most prevalent listings on the market.
New Listings in Algarve, Portugal
3. Silver Coast
Average Price on JamesEdition: €703,000 per listing / €3,400 per sqm
Prime Areas: Caldas da Rainha, Aveiro, Bombarral, Óbidos, Coimbra

Also known as Costa de Prata and located between Lisbon and Porto, property prices range from €452,690 to €32,119,977. There are mostly apartments and houses on the market, and the average size is 205 square meters. The unspoiled region is famed for its wild coastline, glorious sandy beaches, historic towns, and surfing in places like Peniche and Nazaré. Other popular areas include Caldas da Rainha, Aveiro, Bombarral, Óbidos, and Coimbra.
New Listings in Silver Coast, Portugal
4. Porto District
Average Price on JamesEdition: €723,000 per listing / €3,600 per sqm
Prime Areas: Vila Nova de Gaia, Matosinhos, Leça da Palmeira, Maia

Listing prices in the northern Porto District go from €452,690 to €32,119,977, and popular areas include Vila Nova de Gaia, Matosinhos, Leça da Palmeira, and Maia. The average size of real estate in the district is 200 square meters, with houses and apartments being common. Balazar, São Tomé de Covelas, Santa Cruz do Douro, Vilar, and Figueiras are some of the most expensive regions.
New Listings in Porto, Portugal
5. Setúbal Municipality
Average Price on JamesEdition:: €783,000 per listing / €3,400 per sqm
Prime Areas: Sintra, Alcabideche, Odivelas, Braga, Esposende

Residences in the Setúbal Municipality range from €459,717 to €32,119,977 across mostly villas and apartments, and the average size is 233 square meters. Popular spots that are worth touring include Sintra, Alcabideche, Odivelas, Braga, and Esposende. The area is enviably positioned, less than an hour southeast of Lisbon in the Tagus Valley region. Authentic and not overly touristy, Setúbal center features pedestrianized streets while the waterfront overlooks the Sado Estuary.
New Listings in Setubal Municipality, Portugal
6. Sintra
Average Price on JamesEdition:: €1,403,800 per listing / €4,000 per sqm
Prime Areas: Várzea De Sintra, Galamares, Lagoa Azul, Linho

Just half an hour northwest of Lisbon, Sintra residences range in price between €467,000 and €24,065,000. The most popular types are houses and villas, which have an average size of 344 square meters. The charming town center is a UNESCO World Heritage Site, and popular nearby locations worth exploring include Setúbal, Alcabideche, Odivelas, Braga, and Esposende.
7. Melides
Average Price on JamesEdition:: €2,002,500 per listing / €5,600 per sqm
Prime Areas: Lagoa de Melides, Montijo, Comporta, Alcochete

Property prices in this up-and-coming coastal area range from €552,062 to €14,755,114, with an average size of 360 square meters and land listings and houses being the most popular. Nearby locations to explore include Comporta, Almada, Alcochete, Montijo, and Sesimbra. An hour and a half south of the capital, the peaceful municipality has a thriving creative community and is home to wild Atlantic beaches, vineyards, forests, and rural towns.
New Listings in Melides, Portugal
8. Sesimbra
Average Price on JamesEdition:: €752,800 per listing / €4,200 per sqm
Prime Areas: Praia do Ouro, Almoinha, Alto Das Vinhas, Cotovia

Less than an hour south of the capital is an emerging coastal gem with pristine beaches and a relaxed vibe. Nestled at the base of the Serra da Arrábida hills, house prices range from €460,720 to €3,412,746, with most being apartments and villas, spanning an average size of 178 square meters. Nearby areas also worth considering include Comporta, Almada, Alcochete, Montijo, and Grândola.
New Listings in Sesimbra, Portugal
9. Tróia Peninsula
Average Price on JamesEdition:: €1,493,000 per listing

Another enchanting seaside locality, this beautiful stretch boasts crystal clear waters and is home to pine-forested dunes. Meanwhile, Tróia Golf is considered one of Europe’s finest courses. Chic and secluded yet just 1.5 hours from Lisbon, exclusive listings in the area span villas and apartments and range from 61 square meters to 511. Some are price on application, while others range from €475,000 to €3,490,000.
New Listings in Troia Peninsula, Portugal
10. Évora
Average Price on JamesEdition:: €1,203,000 per listing / €3,900 per sqm
Prime Areas: Montemor O Novo, Reguengos De Monsaraz, Estremoz, Alandroal, Silveiras

The most popular property types in Évora are farm ranches and apartments, with prices going from €476,280 to €10,026,958 and the average size being 313 square meters. Out and about close by, check out Mora, Evoramonte, Santa Justa, and São Bento de Ana Loura. Situated an hour and a half east of the capital in the wine region of Alentejo, the inland area is set to be the European Capital of Culture in 2027.
New Listigns in Évora, Portugal
11. Madeira
Average Price on JamesEdition:: €802,200 per listing / € 3,800 per square meter
Prime Areas: Funchal, Estreito Da Calheta, Arco Da Calheta, Ponta Do Sol

This Atlantic island offers breathtaking natural landscapes, vibrant towns like Funchal, fabulous beaches like Praia do Porto do Seixal, and verdant forests such as Laurissilva. The isle is also home to the world’s first digital nomad village: Ponta do Sol. Real estate prices range from €456,225 to €20,053,918, with apartments and villas the most popular, and 212 square meters being the average size. Areas of note include São Martinho, Estreito da Calheta, Arco Da Calheta, and Câmara.
New Listings in Madeira, Portugal
Portugal: Laid-Back, High-Quality Living
The country draws ex-pats in with its myriad benefits, from weather and food to lifestyle and welcoming people. There’s also an array of real estate on offer at varying prices, from apartments and villas to farm ranches. For more information, explore JamesEdition’s full range of homes in Portugal
Explore the buying process with our expert guides to Portugal real estate:



