Portugal Luxury Homes and villas

Property prices in Portugal rose by 1.81% during the year to March 2015, to an average price of €1,011 per square metre, based on figures released by Statistics Portugal. 

In Lisbon metropolitan area, property prices were up by 4.32%y-o-y in March 2015, to an average of €1,231 per sq. m. In Porto metropolitan area, house prices rose by 2.59% during the year to March 2015, to an average of €951 per sq. m. 

Among urban areas Vila Nova de Gaia had the highest annual house price increase of 7.67%, followed by Setúbal (7.51%), and Vila Nova de Famalicão (7.06%). Other notable house price increases were recorded in Sintra (5.03%), Lisboa (4.12%), Almada (2.98%), Vila Franca de Xira (2.53%), Matosinhos (2.19%), and Barcelos (2.08%).

The municipalities with the largest annual house price declines were Oeiras, with a drop of 4.59%. Other municipalities struggling include Coimbra (-3.95%), Cascais (-3.61%), Leiria (-3.35%), and Funchal (-3%). 

There are no restrictions on foreign property ownership in Portugal and transaction costs are generally low. Portugal will grant a 5-year residency permit to non-EU citizens who buy a minimum of €350,000 worth of property.

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PropGOLuxury offers the greatest selection of Portugal luxury homes for sale and Portugal luxury homes for rent on a convenient property listing portal. If you are looking to buy Portugal luxury property or lease Portugal luxury property we make it easy to find your dream home by letting you filter using listing search results. You can also find local Portugal real estate agents and Portugal property professionals to help you sell Portugal luxury homes or rent your Portugal luxury homes.