Helpful hints & resources to help your Portuguese real estate search as a foreign investor
Are you looking to buy property in Portugal but don't want to break the bank? Good news! There are plenty of affordable options available in this increasingly desirable country.
But WHY should you consider Portugal in the first place? Well, for starters, the scenery is unbeatable. Think gorgeous beaches, stunning countryside, and breathtaking mountain ranges. Plus, the food and wine are top-notch - Portuguese cuisine is known for its fresh seafood, flavorful spices, and delicious wines. And let's not forget about the rich culture and history, with beautiful architecture and historic landmarks everywhere you look. Oh, and the weather isn't too shabby either - with warm, dry summers and mild winters, you can't go wrong. And on top of all that, the property market in Portugal has been doing well lately, making it a smart choice for investing in real estate.
Once you’ve decided that Portugal is the right fit for a real estate investment, the next decision is pinpointing WHERE in Portugal to target your search. Good thing Bargain Homes Abroad is here to help kickstart your quest for a home in Portugal! :)
While most of Portugal is still relatively affordable in comparison to North America, prices are definitely on the rise thanks to Portugal’s gaining popularity with Expats and foreign investors. Property in and around cities like Lisbon and Porto have hefty price tags, but there are still bargains to be found.
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Below are a few suggestions for regions to consider that offer more affordable real estate options:
Located in the south of Portugal, Alentejo is known for its beautiful countryside and affordable housing prices. If you like rolling hills, olive groves, vineyards, and a more laid-back lifestyle, you might want to check this area out.
Alentejo Real Estate Sampler
We found this charming 3 bedroom, 2 bathroom house in Santarém with traditional Portuguese tile accents throughout for €195,000. It sits in the historic area of town, near the River Tagus, and offers a corner fireplace, air conditioning a large unfinished attic and a workshop.
THE BEST WAY TO GET A FEEL FOR AN AREA IS TO STAY & LIVE LIKE A LOCAL
Located at the southern most tip of Portugal, the Algarve is known for its beautiful golden sand beaches, warm dry climate and surf culture. While the region can be more expensive in popular tourist areas like Albufeira, there are still plenty of options for those on a budget.
Algarve Real Estate Sampler
If resort living is more your style, this 1 bedroom, 1 bathroom apartment in Tavira is steps to the beach and marina for €165,000. It enjoys loads of light as it is west facing and has a terrace overlooking the communal pool.
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Located in the center of Portugal, the Centro region is known for its stunning countryside, river beaches and the world famous big waves of Nazarre. The region is home to the beautiful city of Coimbra, as well as charming towns and villages like Aveiro and Leiria.
Centro Real Estate Sampler: Newly renovated coastal village center house with private courtyard for €220,000 in Ferrel, Peniche. The terraced house offers 2 bedrooms and 2 bathrooms, and is located steps from shops, cafes and restaurants, and just minutes from both Baleal and Almagreira Beaches.
Fully renovated terraced village house for €220,000 | Courtesy of Idealista
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Located in the north of Portugal, the Minho region is known for its beautiful coastline, stunning beaches, and affordable housing prices. The region is home to the charming city of Braga, as well as smaller towns and villages like Viana do Castelo and Barcelos.
Minho Real Estate Sampler: Excellent 3 bedroom villa with stunning views over the city of Barcelos and surrounding areas for €108,000. Pleasantly situated within a well known wine region, the home has been updated with sleek modern interior finishes.
No matter where you ultimately decide to buy in Portugal, it's important to do your research and consult with qualified professionals along the way. With a little planning and preparation, you can find an affordable property in this beautiful country.
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Bargain Homes Abroad does NOT sell/rent property. Nor do we take sales commissions for properties we share. We scour hundreds of online real estate websites, curating the ones we love. This content is for ENTERTAINMENT PURPOSES ONLY. We do NOT warrant or make representations as to the accuracy or completeness of the information presented. Under no circumstances does any information provided represent a recommendation or advice. We do not guarantee any property is active or available for sale/rent. All credits go to the Agent/Seller.