Portugal’s luxury real estate market presents an alluring choice: a sophisticated apartment or a grand villa complete with a pool, lush garden, and generous living spaces. While diverse options cater to discerning tastes, high-net-worth individuals often gravitate towards villas. This preference is largely influenced by a greater number of villas on the market and more attractive price-per-square-meter.
Examining recent data paints a clear picture:
- Villa Abundance: Across Portugal, luxury homes priced above €1 million reveal almost twice as many villas (approximately 11,500) compared to apartments (around 5,700).
- Villa Value: The average villa price hovers around €5,077 per square meter, a compelling 27% less than the €6,973 average for apartments.
This translates into more choices and greater value. Luxury homebuyers can explore a wider range of stunning villas, often securing larger properties with desirable amenities within their budget.
Discover Portugal’s Prime Villa Destinations
Lisbon leads the way in luxury villa searches, followed by the scenic island of São Miguel, Coimbra, Setúbal, and Leiria. Conversely, the inland districts of Viseu, Castelo Branco, and Beja have seen less interest, reflecting a reduced availability of premium villas.
The Algarve’s Faro boasts the highest concentration of high-end villas, with over 4,000 listings examined. Lisbon (3,676), Porto (1,093), Setúbal (1,058), and Madeira (535) round out the top locations.
Unveiling the Pinnacle of Premium Villa Pricing
For luxury seekers, Lisbon commands the highest average premium villa price at €5,540 per square meter. Faro, Setúbal, and Vila Real also feature prices exceeding €5,000 per square meter.
On the other end, Portalegre, Castelo Branco, and Viana do Castelo offer more affordable luxury, with prices under €2,650 per square meter.
The sweet spot of location, space, and amenities drives demand for high-end villas priced over €2 million in Beja, Vila Real, Lisbon, Setúbal, Castelo Branco, and Faro. Leiria, São Miguel Island, Coimbra, and Viana do Castelo represent the more accessible end, averaging around €1.3 million.
Exploring the Luxury Apartment Market
Lisbon is the epicenter for luxury apartment investment, boasting the highest number of available properties and the highest prices. Porto also draws significant attention with almost 750 premium apartments.
Faro and Madeira Island present notable high-end apartment supply, while Viana do Castelo and Braga have the fewest.
After Lisbon, Faro, Porto, Madeira Island, and Setúbal command the highest average prices for luxury apartments.
While luxury apartments typically have a higher price per square meter, making the final price generally more affordable. Lisbon apartments average around €1.7 million, followed by €1.6 million in Faro and €1.4 million in Porto.
