Before you make any property purchase, you must first research different locations and understand the property market for each or talk to one of our experts at Portugal Pathways.
Below is a summary of some of these wealthy upmarket expat areas are renowned for:
The Silver Coast:
Nazare: While traditionally known for its fishing, Nazare's big wave surfing and stunning coastal views have caught the attention of luxury tourism and this is now bring more wealthy expat buyers.
Caldas da Rainha: This spa town, with its thermal waters and artistic heritage, attracts those seeking wellness and culture and again is beacon for affluent expat buyers.
Coimbra: A blend of history and academia, Coimbra's prestigious university and cultural landmarks make it appealing to affluent individuals valuing intellectual and historic richness and this is reflected in the prices expats will pay to own property.
Lisbon:
Liberdade: Known as Lisbon's luxury avenue, Liberdade boasts high-end boutiques, historic theatres, and gourmet restaurants, making it a hot spot for affluent expat residents and investors.
Lapa: A prestigious residential district in Lisbon, Lapa is famed for its historic palaces, embassies, and stunning river views, attracting the upscale expat community.
Principe Real: This district exudes charm with its lush gardens, antique shops, and bohemian vibe. Its blend of historic and contemporary appeal makes it attractive to expat individuals and investors with deep pockets.
Other areas near Lisbon:
Comporta: A trendy coastal retreat, Comporta offers vast sandy beaches and a relaxed luxury, drawing in well-heeled travellers and wealthy expat homeowners and investors.
Sintra: A UNESCO World Heritage site, Sintra's historic palaces, gardens, and mist-covered hills make it a romantic and luxurious escape, alluring affluent international buyers and expat residents.
Cascais: With its marinas, golf courses, and upscale dining, Cascais is a beacon for luxury living on the coast and is one of the trendiest places that commands a premium for expat buyers.
Estoril: Famous for its grand casino, Estoril combines beach appeal with high-end entertainment, making it a magnet for upscale expats and investors.
Algarve:
Quinta do Lago/Vale do Lobo: Luxury resorts renowned for world-class golf courses, spa facilities, and golden beaches – a haven for affluent expats and property investors often called The Golden Triangle or The Beverly Hills of the Algarve.
Vilamoura: A resort town known for its vast marina, golf, and casino, Vilamoura is a prime spot for luxury living and investment in the Algarve according to our survey of wealthy expats.
Benagil: Famed for the breath taking Benagil Cave, its scenic coastal allure attracts wealthy international buyers and property investors alike.
Lagoa: Known for its wineries and scenic coastline, Lagoa offers a tranquil setting for luxury homes and resorts. This market has seen significant uplift over the last five years in terms of values along with many other areas of the Algarve.
Carvoeiro: A picturesque coastal town, Carvoeiro's charming beach, coves, golf courses, and luxury villas make it a sought-after location for upscale expats and property investors.
Northern Portugal
Foz do Douro: As one of the city of Porto's most upscale districts, Foz do Douro offers stunning river and sea views, attracting the wealthy with its serene yet urban appeal which makes it popular with wealthy buyers from abroad.
Vila Nova de Gaia: Overlooking Porto, Gaia is renowned for its port wine cellars. Its riverfront developments have been particularly attractive for Golden Visa and D7 Visa investors in the last decade.
Braga: As one of the oldest cities in Portugal, Braga isa fusion of historic grandeur and contemporary vibrancy. Known for its baroque churches, splendid gardens, and lively festivals, Braga draws attention from wealthy expats and investors who appreciate cultural depth combined with modern amenities. Its burgeoning tech scene also makes it an appealing location for business-savvy individuals and investors as well as Digital Nomad expats who have moved to the area.
Madeira:
This island off the African coast, in the Atlantic Ocean, is fully part of Portugal and offers a subtropical climate, breath-taking landscapes, and a peaceful lifestyle. The capital, Funchal, provides modern infrastructure, quality healthcare, and international schools. Madeira is an attractive destination for outdoor enthusiasts, with opportunities for hiking, water sports, and golf.
These are just a few examples of the many locations in Portugal that offer a desirable lifestyle for wealthy new residents. We recommend visiting different areas, to explore the amenities, and consult with one of our recommended real estate experts who can provide more tailored recommendations based on your specific preferences and requirements.
