How to buy a house in Portugal?

Article by Viv Europe  Official Legal and Relocation Partner to KipperTree.

16 11 2023

Read the full article here

Property prices in Portugal vary widely but have gradually increased over the last decade. According to official reports from Idealista, the average evolution of Portuguese property value increased by 6.9% from 2022 to 2023. The best part is that there’s something for everyone. There are beach houses for retirees, working spaces for investors, small apartments for digital nomads, and beautiful homes for families relocating here. Values for these properties also fit any budget; you just have to research a few neighbourhoods.

According to the report, Portugal’s average price per square meter is €2,510/m2. That’s €502,000 for a property of about 200m2. This is an average, and property prices can vary for several factors.

Find out how much it costs to invest in real estate in the different Portuguese regions in the table below:

As you can see in the table, the real estate market varies from €1,000 to €3,000 per m2. The values have appreciated drastically in the last five years, especially after 2019, since Portugal has become a much more renowned tourist hotspot. 

Foreign investors are among the main ones interested in buying properties. Investing in Portuguese real estate can also secure a European Passport, which is one of the many perks for investors!

Now that you know what property prices look like, you must be wondering what the next step is. So, how can you buy a house? 

To read a step-by-step guide to buying a house in Portugal click here