Updated: April 23, 2024

 

portugal coastIf you’re contemplating moving to Portugal, it would be surprising if the proximity to the sea wasn’t a key factor for you. With a coastline stretching almost 1,700 km, the country has ample opportunities to tempt property buyers to turn to Google and search “cheap houses for sale in Portugal near beach.” Combined with sublime weather – more than 300 days of sunshine per year in some parts of the country – and a high quality of life, Portugal, in many ways, is the ultimate country to relocate to.

Alongside this, the country has become somewhat of a real estate hotspot in recent years, attracting investors and expats from all walks of life, from families and digital nomads to investors and retirees. When it comes to coastal properties, you’ll find houses at affordable prices if you know where to look. Additionally, the services of a buyer’s agent or real estate agent will make your search easier with the skill and local market knowledge professionals offer. In this article, we’ll provide valuable insights into coastal property for sale in Portugal, arming you with the information you need to find your dream home in Portugal.

Why Portugal?

When determining whether Portugal is the best place for you to move to or invest in, you’ll want to have a good idea of what the country has to offer. Aside from the stunning Portuguese coast, exceptional climate, and varied landscapes – from picturesque mountains to pristine beaches – Portugal is also one of the safest countries in the world. Portugal ranks in seventh position in the 2023 Global Peace Index, with a stable economy and political system, excellent education and healthcare systems, and easy access between municipalities and hot spot locations.

The real estate market has also moved from strength to strength in recent years, which we’ll delve into in greater detail in the next section. The real estate market has many different property types to choose from, including Portugal beach houses with a sea view, countryside cottages, luxury villas with swimming pools, and modern apartments. With a wide array of locations to choose from, the country can cater to all needs.

Getting to Grips with the Real Estate Market in Portugal

Particularly over the past five years, Portugal has cemented itself as a top player in the international real estate market, with investors from across the world turning their attention to this sun-drenched Mediterranean country and the real estate market here. In 2023, the average asking price for an apartment or house in the Lisbon city center was €6,009 per square meter, while the average house prices in coastal gem locations like Cascais stood at €5,835 per square meter, and Setúbal offered cheap coastal property priced from €2,466 per square meter.

However, while this impressive – if not slightly alarming – increase in demand for properties may suggest that Portugal property is quite expensive now, this is not the case. While Lisbon has its own price range, considering expensive apartments in locations like Vale do Lobo, Portugal remains an affordable place to buy property compared with other Western European countries, allowing the real estate market to continue to blossom.

Benefits of Coastal Living

The first step to understanding whether coastal living is for you is to understand the benefits. Here are just a few of the advantages of living close to the sea in Portugal:

  • Scenic beauty: Coastal living in Portugal offers unparalleled views of the sea and picturesque beaches, making it a privileged area for those seeking natural beauty.
  • Pleasant climate: The Mediterranean climate ensures mild winters and sun-soaked summers, creating an ideal environment for outdoor activities and beach lovers.
  • Recreational opportunities: Residents can enjoy a variety of activities such as swimming, surfing, and sailing due to easy access to the beach.
  • Real estate: Property for sale can provide excellent investment opportunities, depending on where you buy. In each of Portugal’s municipalities, you can find property types to suit your needs and lifestyle – whether you are search of an apartment with a balcony and an endless sea view or a house in a quiet location where you can enjoy space, a terrace with a garden and garage, and enough bedrooms and bathrooms for the comfort of your family.
  • Culinary delight: Coastal regions offer an abundance of seafood-rich cuisine, perfect for food enthusiasts.
  • Relaxed lifestyle: The laid-back coastal lifestyle promotes relaxation and well-being, attracting those looking for a slower pace of life.

Take a look at our Definitive Guide to Buying Property in Portugal

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The Best Coastal Regions in Portugal

Each of these regions or municipalities along the Portuguese coast offers a distinct coastal living experience, with property types catering to a variety of preferences, from bustling urban life to serene coastal beauty, making them all excellent options for living beside the sea.

Lisbon and Cascais

Portugal’s capital, Lisbon, offers a unique blend of historic charm and modern living. Residing beside the sea here means enjoying the beautiful beaches of Cascais and the stunning views along the Tagus River. The city boasts a rich cultural scene, vibrant nightlife, and a Mediterranean climate, making it an attractive choice for those seeking coastal urban living. Do note that while you may be able to find a bargain outside Lisbon itself, property tends to be more expensive than in other parts of Portugal.

Porto

Located in northern Portugal, Porto is famous for its historic architecture, port wine cellars, and the Douro River. While Foz do Douro would be a great place to buy for families, Vila Nova de Gaia properties and Matosinhos real estate offer more affordable options. There are also several beach properties near Porto up for grabs.

Algarve

The Algarve region in southern Portugal is a paradise for beach lovers. Its golden sandy shores, rugged cliffs, and golf courses make it an ideal choice for retirees and expats. The area boasts more than 300 days of sunshine each year, attracting visitors even in winter. While areas such as the Golden Triangle, Albufeira, and Portugal Lagos real estate come with a high price tag, you’ll find affordable beachfront property for sale in the Algarve, particularly in the Eastern Algarve and further away from the coast. Also, if you are looking for land in Portugal to secure an approved project, then land for sale in the Algarve can be an excellent option. The price for a square meter of land is much lower than buying a new build, even with construction costs.

Silver Coast

Stretching from Lisbon to Porto, the Silver Coast offers a quieter coastal living experience. Its uncrowded beaches, charming towns like Óbidos, Peniche, and Figueira da Foz, and proximity to cultural hubs make it an attractive option for those seeking a more serene seaside lifestyle, where you’ll be able to find Silver Coast real estate with an exceptional sea view at a good price.

Melides, Comporta, and Troía

These areas along the Alentejo coast are known for their pristine beauty, vast sandy beaches on the Portuguese coast, and tranquil atmosphere. The upscale retreats in these areas attract those who value privacy and exclusivity. If you are looking for cheap property, these parts of Portugal may not be what you are after.

Madeira

This island paradise in the Atlantic Ocean offers lush landscapes, a subtropical climate, and stunning coastal views. It’s a haven for nature enthusiasts, with opportunities for hiking, water sports, and a relaxed island lifestyle.

Azores

Situated in the middle of the Atlantic Ocean, the Azores archipelago offers dramatic volcanic landscapes, hot springs, and diverse marine life. It’s an ideal destination for those seeking a remote coastal experience with a strong connection to nature. You will find house prices to be quite low in the Azores, where you’ll be able to find a traditional house at a very good price.

Discover more in our article Portugal Real Estate Beachfront: Own a Slice of Paradise, sharing insight into the top ten municipalities to invest in properties with the services of a buyer’s agent.

Types of Coastal Properties

portugal affordable coastal housesYou will find the following property types on the Portuguese coast:

Villas: A villa is a standalone, spacious property. A villa will offer privacy and will often come with a garden, a swimming pool, and a terrace with stunning sea views. Villas are ideal for families or those who prefer a luxurious coastal lifestyle. Many villas will come with a swimming pool, garage or parking space. Villas will also offer more space for a family with likely more than one bathroom and multiple bedrooms.

Beach houses: If you are looking for beach houses for sale in Portugal with a sea view, then houses are a good option. Depending on the location and your budget, you should be able to find affordable houses close to the sea. Many will come with swimming pools, a parking space or garage, a terrace offering a stunning sea view, and multiple bedrooms and bathrooms, although this will boost the price.

Apartments: Coastal apartments provide a convenient and often more affordable option for seaside living. Apartments come in various sizes and styles, from high-rise condos offering a panoramic sea view to cozy beachfront apartments catering to a range of tastes and budgets. Apartments can also be found in a convenient location offering easy access to the city and amenities like a gym or a swimming pool.

Land: You should be able to find land for development on the Portuguese coast, which is usually more affordable than buying a new build, even with the construction costs. Looking for land for sale in Portugal is a good idea if you want to build your dream home from scratch.

Prices for Coastal Properties

When it comes to the price of coastal properties, this will vary depending on where the property is located – if the property is in a prime area, this will boost up the price – plus the property type (e.g., villa, apartment, townhouse) and total area of the property. Amenities, such as if you have a parking space or garage, swimming pool, private gym, or additional security, will also boost the price. If you buy very close to the sea, where the property has sea views, this will also influence house prices.

To provide you with some examples, the following are the average asking prices for properties in different municipalities on the Portuguese coast in 2023 per square meter:

  • Lisbon Metropolitan Area: €4,061
  • Cascais: €5,835
  • Setúbal: €2,466
  • Porto Metropolitan Area: €3,291
  • Algarve: Range from €1,276 to €6,151

Step-by-Step Guide to Buying Property in Portugal

portugal coast real estate marketThe buying process in Portugal can be broken down into the following five steps.

  • Step 1. Decide whether you’d like to take out a mortgage to finance your property.
  • Step 2. Find the perfect property
  • Step 3. Negotiation
  • Step 4. Promissory Contract (CPCV)
  • Step 5.  Sign the Escritura (Final Deed)

You will also need to ensure you are up to speed on the property taxes in Portugal that fall both at the time of purchase and on an annual basis. Alongside this, you should be aware of legal considerations, such as land zoning regulations and due diligence. It is working with a Portugal real estate lawyer who will be able to ensure that the buying process runs smoothly.

Financing Your Property

When buying property in Portugal, the first line you will need to consider is how you will finance your property. There are several banks in Portugal that will offer a mortgage to foreigner buyers, plus different types of mortgages. You will need to determine which deal is best suited to your needs. Our article, How to Get a Mortgage in Portugal, offers a step-by-step guide to applying for a mortgage in Portugal and financing the property of your dreams.

Investment Potential

Coastal property, compared with more interior areas, is more sought after and offers investors the following:

  • Solid return on their investment, with high yields in many coastal areas in Portugal
  • Opportunities for both short and long-term rentals from tourists and expats
  • Over time, coastal property demand tends to increase, leading to potential value appreciation.

Real Estate Agents in Portugal

If you are looking for property for sale in Portugal, whether you are looking to buy in Lisbon, the Algarve, or the Silver Coast, you may want to secure expert assistance by working with real estate professionals. They will be able to guide you through the process and set up viewings on your behalf, and as most speak both English and Portuguese, they will assist you in navigating any language barriers. Our article, How to Find a Real Estate Agent in Portugal, offers expert insight.

Should I work with a real estate agent or a buyer’s agent

The main difference between a real estate and a buyer’s agent is their loyalty to either the buyer or seller. A buyer’s agent focuses solely on the buyer’s needs and property purchase, while a seller’s agent prioritizes the seller, earning a higher commission for a better sale. While real estate agents usually have your best interests in mind, it’s crucial to consider this when buying property in Portugal. Choosing a reliable buyer’s agent is often a wise choice.

Goldcrest: How We Can Help You

 Goldcrest is a local buyer’s agent based in Lisbon, Porto, and the Algarve that provides insightful real estate expertise and strategic advice. From sourcing to property acquisition, we offer a tailor-made service for our clients, assisting them in identifying outstanding investment opportunities in some of Portugal’s finest locations, from relocation to investment projects. You can read more here: Why Work With Goldcrest to Buy Property in Portugal?

Frequently Asked Questions About Cheap Coastal Property for Sale in Portugal

Where are the most affordable coastal areas for property in Portugal?

Affordable coastal property can be found in regions like the northern part of Portugal, Alentejo, Aveiro, Montijo, and Figueira da Foz. Parts of the Algarve can also be quite affordable, depending on the location. You will find affordable properties for sale in Portugal across the country.

You can find many cheap houses and other property types for sale in the different municipalities on the Portuguese coast. These include apartments, villas, beach houses, and more located near the beach.

Consider property types, property conditions, legal requirements, additional costs (such as taxes and maintenance), proximity to amenities, and the potential for property appreciation, affordable prices for financing your dream home, and rental income. Some of the best locations include the Silver Coast, the Alentejo, the north of the country, and parts of the Algarve.

No, foreigners will face no restrictions when buying property on the Portuguese coast or elsewhere in Portugal.

By acquiring the services of a buyer’s agent like Goldcrest, a real estate agent, or a real estate lawyer, you will be able to ensure that their professional advice and locations you decide to invest in will be worth your while.

Rent on the Portuguese coast will vary depending on location and property types. When you look at Portugal as a whole, a one-bedroom apartment in the city center will cost you around €918 per month, while an apartment with three bedrooms will set you back €1,675 per month. As you move outside the city center, prices will fall quite considerably. Particularly in less sought-after areas, you will be pleasantly surprised by the affordability of rent prices. Renting property can also be a good idea if you want a base in the country to then scout out property for sale in Portugal that meets your requirements.