Apartment Prices in Portugal
| City | Average Equity in Euros | Average Monthly Rent in Euros |
| Lisbon | 100,000€ | 780€ |
| Porto | 60,000€ | 650€ |
| Almada | 50,000€ | 550€ |
| Braga | 60,000€ | 600€ |
| Figura de Póz | 40,000€ | 450€ |
| Odivelas | 50,000€ | 500€ |
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Before starting to invest in real estate, it is very important to conduct thorough and comprehensive market research. After all, you wouldn’t want to find yourself in a situation where you put a healthy head into a sick bed. Naturally, you want to invest the money you have saved for so long in real estate deals that bring a high return. One of the most popular destinations for Israeli investors is Portugal. It is a country that has gained great popularity in recent years, and currently, many investors are investing in it. In the following article, we will explain why you should consider investing in Portugal and what the apartment prices are like in Portugal. This way, you can be prepared for the investment itself and won’t find yourself spending more than planned. In the end, once all the pieces of the puzzle come together, you will be able to make informed choices. We emphasize that the prices mentioned here are correct and relevant to the period in which the article was written. Like in Israel, real estate prices in Portugal change regularly and depend on the market situation. Therefore, consulting with a real estate advisor specializing in Portugal will turn some question marks into clear exclamation points.
Advantages of investing in Portugal
- Affordable costs: When you see the apartment prices in Portugal, you will understand that the costs are relatively reasonable compared to other Western European countries. If you are going to invest in Europe, it’s important to do so in a country that won’t break the bank. Some people arrive with a limited budget, and Portugal will be an excellent choice for them.
- Significant growth potential: Portugal is a country that has experienced steady and significant growth over the last decade. Unlike other European countries that are stagnating, the reality here is different. It’s advisable to invest your money in a developing country where real estate prices are expected to rise in the foreseeable future.
- Investor-friendly tax system: Besides checking the apartment prices in Portugal, it’s very important to examine the taxes you will have to pay. Taxes vary in every country, especially when it comes to foreign investors. Portugal, unlike other European countries, welcomes foreign investors, and therefore, its tax system is favorable and rewarding.
- Local financing options: To warmly welcome foreign investors, Portugal’s policy is to provide a variety of financing options for foreign investors. This means that you may find yourself exploring apartment prices in Portugal, and using local banks to meet the necessary expenses.
Lisbon - The Vibrant Capital
The first city you’ll want to invest in real estate is the capital city, Lisbon, which enjoys high popularity. Lisbon has many advantages that you won’t find in other cities in Portugal. As the capital, it is a significant economic center in Portugal and Europe as a whole. 45% of Portugal’s GDP comes from the capital, which indicates its importance. A booming tourism industry that has taken a leap in recent years and is now stable. If that’s not enough, Lisbon is home to a leading academic center, with many students searching for rental apartments. The average price per square meter is around €3,373, making property prices in Portugal relatively affordable. The average monthly rent ranges from €1,400 to €1,600. We’re talking about an annual return of 6.2%, a very encouraging figure for Israeli investors.
Porto - The Northern Hub
Another very popular city in Portugal is Porto, which also attracts many tourists from around the world. Porto has its own set of advantages, which will make you consider investing in the city. It is a tech hub that draws thousands of researchers and scientists from around the world. Tourism here has also seen a significant boost, and today the city is a classic European tourist destination. Many international investments are made in the city, similar to other major cities in Europe. Property prices in Portugal vary, and here the price is slightly lower compared to Lisbon, around €2,232 per square meter. The average monthly rent ranges between €1,000 and €1,200. We’re looking at an annual yield of 4.5%, which is a pretty good percentage.
Almada – Lisbon's Neighbor
If the prices in Lisbon are a bit high for you, Almada is definitely an effective solution. When talking about property prices in Portugal, there’s no reason to be fixated on a specific city. So, what are the advantages of Almada? First, its proximity to Lisbon naturally makes it a highly sought-after and popular city among many. The Portuguese government has set a goal to accelerate the development of the city, and numerous projects are currently underway, which are expected to be completed in the coming years. Due to the increased development over the last decade, much of the infrastructure in the city is new, which will save you potential issues in the future. What are the property prices in the city? The average price per square meter ranges from €2,000 to €2,400, depending on where you buy the property. The average monthly rent can go up to €900, but once again, location plays a crucial role. In terms of percentages, you can see that the annual yield reaches nearly 6%, a decent figure for a less popular city.
Ódivelas - The Developing Suburb
When examining apartment prices in Portugal, the city of Ódivelas must also be considered. This is another city undergoing rapid development due to the high demand for investments throughout the country. It also has excellent connectivity to Lisbon thanks to the superb public transportation available. The modern infrastructure that has replaced the old infrastructure should be a critical factor in your decision. We are talking about a city experiencing high growth, and it seems that the potential for further development is still there. The numbers speak for themselves: the average price per square meter is €2,350, and the average monthly rent amounts to €1,300. These impressive figures place the annual return at just over 7%. Perhaps the city with the most impressive numbers in Portugal, making it a must-consider option.
Braga - The Renewing Old City
In the past, Braga was not considered an option for investors due to its status as an old and underdeveloped city. Today, we see a growing influx of tourists, attracted by its impressive heritage. At the same time, the country has decided to develop the city’s infrastructure, increasing demand for living there. Residents of the city often mention that it offers a high quality of life, unlike many other cities across Europe. Even here, the numbers are relatively impressive compared to other investment options. The average price per square meter of a property in the city is nearly €1,500, while the average monthly rent can reach €900. The annual return for those wishing to invest in Braga is projected at 6.5%, provided you make the right moves.
Important Tips for Investors in Portugal
