Luxury Homes

As Portugal is fashionable and excellent for foreign investors in the luxury real estate sector, it has a wide offer for different interests: permanent housing, holiday home or investment. The two regions of greatest interest are the Algarve and the Greater Lisbon region.

Although many investors are international from China, Brazil, South Africa and the Middle East, the Portuguese led the purchase of luxury homes in 2018, acquiring about 62% of luxury properties.

What is luxury real estate?

Luxury real estate can be considered an excellent investment. It is a top notch construction, has the finest finishes as materials and provides an above average level of comfort and quality of life. With a generous area, it has more suites, rooms and divisions designed to create a space that can be used for many, many years.

How much does a luxury home cost?

The average price per square meter of luxury real estate tends to approach that of the Spanish market also due to increased demand from European investors. In addition, the value of housing in Portugal is expected to maintain growth over the coming times.

The value of luxury homes in the Algarve is among the highest in the country. This is followed by the Lisbon region.

The Algarve has been the areas with more demand for lease or purchase of luxury real estate. Depending on the location and sea view, values can be around 7000-9000 Euros per square meter. For example, T4 villas are widely sought after, with large areas, proximity to the beach and golf courses, which can have values between 1.2 million and 8 million Euros.

Near the capital, preference is given to Greater Lisbon areas such as Parque das Nações, Restelo and Centro de Lisboa, and in the center of Lisbon there is an increased demand for real estate. The places of choice in the center of the capital are Chiado, Príncipe Real and Avenida da Liberdade. However, there is little supply, making the values per square meter increase and being close to 10 000 Euros. The few properties that come up sell quickly.

What are the characteristics of luxury homes?

Luxury homes have certain characteristics. The concept of luxury home does not have a very well defined standard but one of its main features is the price of the property. In addition to price there are other features that enhance the purchase of a luxury home:

Building quality

These luxury properties have excellent high quality finishes and the finest building materials.

Location

Location is one of the most important features when choosing a luxury home. A buyer with greater purchasing power will always choose a property with the best locations overlooking the river / sea or mountains, near recreational areas such as golf course, gym or pool, open views, luxury condos, charming villas, historic center of major cities, etc.

Safety

Condominiums that offer better security conditions, such as a porter, video surveillance cameras, high walls, are much sought after features, especially by Brazilian buyers, whose country has security problems.

Architecture

Properties designed by renowned architects are most sought after and valued.

Exclusivity

A property with unique and exclusive features brings a lot of interest from buyers.

Privacy

Most luxury buyers prefer a home that affords privacy in a quiet and a calm location, away from the eyes of their neighbors.

Where are the best luxury homes for sale?

The best luxury homes for sale are related to the location that is most desired by potential buyers. Regarding the desired zone, investors prefer the district of Lisbon, where it highlights the municipalities of Oeiras and Cascais. Apart from Lisbon, Porto, Setúbal and Faro are still the most representative districts desired by Portuguese and foreign investors.

Cascais and Estoril are also in the most desired areas, considering the proximity of the capital without the confusion that lives in the center of Lisbon. The offer is mainly of villas, also having apartments with values that vary greatly depending on the typology. In this area the most popular places are Quinta da Marinha and the historic center of Cascais.   

What are the advantages of buying a luxury home?

The advantages of buying a luxury home go against the characteristics of a luxury home. These are the high levels of safety and comfort, excellent location and common access to numerous leisure spaces. In addition to all this, the appreciation of the house is guaranteed over the years, thus becoming an excellent investment.

Portugal has been growing in the real estate market with luxury homes in fantastic locations.