Luxury Portugal: The Most Expensive Areas To Live in

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Last updated on June 4, 2024 | Est. Reading Time: 5 minutes

Are you looking for a property in Portugal? Looking for somewhere a little more exclusive?

With more than 300 days of sunshine per year in the Algarve and Lisbon, some of the most stunning beaches in the world, and a laid-back, friendly culture, this is the perfect place to buy that dream second home or put down roots. And whether everything from penthouse apartments in Lisbon to multi-million euro villas in the Algarve, you won’t have to sacrifice on quality either.

So, let’s explore some of the most luxurious places to live in Portugal, where you can experience the ultimate in comfort, elegance, and leisure.

The Algarve

Beach in the Algarve

You’ll find luxury properties all over the Algarve, and it’s no surprise why. With the best weather in Portugal and stunning beaches, it really is the perfect place to live.

The most expensive properties on the Algarve are concentrated around the Golden Triangle, which consists of Quinta do Lago, Vale do Lobo, and Vilamoura, although some listings include Almancil as well. Here, you’ll discover luxurious villas, golf course residences, and beachfront properties with premium price tags.

quinta do lago golf course

These exclusive communities offer more than just gorgeous homes. They provide a lifestyle of luxury, with world-class golf courses, tennis courts, spas, and fine dining restaurants all within reach. You can spend your days perfecting your golf swing, indulging in spa treatments, or simply relaxing by the pool under the warm Algarve sun.

quinta do lago beach

Of course, it isn’t just the Golden Triangle where you’ll find these impressive properties. There are multi-million euro homes dotted all over the region, each offering its own unique charm and amenities.


View of Cascais, and the beach, from above

Cascais is a popular beach town within easy reach of Lisbon and Lisbon’s international airport. This charming seaside town has long been associated with luxury and nobility in Portugal. In the past, it was home to prominent figures including King Juan Carlos of Spain and King Edward VIII.

As you would expect, Cascais has all the facilities its wealthy residents would desire, including a wide range of international schools in the vicinity. The town’s cobblestone streets are lined with high-end boutiques, gourmet restaurants, and chic cafes.

Cascais is also known for its beautiful beaches, such as the Praia da Rainha and Praia da Conceição, where you can soak up the sun, enjoy water sports, or simply relax and take in the stunning coastal scenery. The town’s marina is a hub for yacht enthusiasts, with plenty of opportunities for sailing and boat excursions.

The luxury real estate market in Cascais is truly impressive. You’ll find stunning villas with breathtaking sea views, private pools, and spacious terraces perfect for entertaining guests or simply enjoying the beautiful surroundings. Many of these properties feature elegant, modern designs combined with traditional Portuguese elements, creating a unique and luxurious living experience.


aerial photo of comporta beach and the surrounding troia peninsula

An hour’s drive south of Lisbon, Comporta is a hidden gem in Portugal’s Alentejo region. This area is comprised of small villages that dot the coastline, including one that shares its name with the region. The landscape is characterised by flat expanses of rice fields, pine trees, sand dunes, and farms, creating a serene and picturesque setting.

Hailed as the “Hamptons of Europe“, Comporta’s luxury properties are truly unparalleled. The area is known for its stunning architecture, with many homes featuring a blend of traditional Portuguese design and modern, minimalist elements.

Comporta is also a foodie’s paradise, with out-of-this-world restaurants that showcase the best of Portuguese cuisine. You can indulge in fresh seafood, locally sourced meats, and organic produce, all prepared with a creative flair by talented chefs. The region is also known for its excellent wines, with many local vineyards producing exceptional vintages.

One of the most stunning features of Comporta is its seemingly never-ending white sand beaches along the Tróia Peninsula. These pristine stretches of coast offer the perfect place to relax, soak up the sun, and enjoy water sports like surfing, kite surfing, and paddle boarding.

In addition to its natural beauty, Comporta also offers a range of high-end amenities. You’ll find luxurious hotels, a casino, and even a national park where you can explore the unique ecosystem of the Alentejo coast.

With its combination of stunning landscapes, exceptional cuisine, and luxurious properties, Comporta is a golden gem in the Alentejo region. It’s the perfect place to escape the hustle and bustle of city life and embrace a more relaxed, indulgent lifestyle surrounded by natural beauty.


apartment for sale in Lisbon

As the capital city, Lisbon offers everything from small studios to luxury penthouse apartments.

The prime area for high-end properties is undoubtedly Avenida da Liberdade. Known as one of the most famous and exclusive shopping streets in Europe, this grand boulevard is lined with historic buildings that have been renovated into stunning apartments and penthouses. Even Portuguese superstar Cristiano Ronaldo has invested in property here, a testament to the area’s prestige.

Another popular area is the Principe Real and Santo António neighborhoods in the city centre. Principe Real is a haven for discerning shoppers and foodies, with its abundance of boutiques, brand-name stores, galleries, and exclusive restaurants. It’s a delightful area to explore on foot, with numerous green squares and elegant homes. Situated atop one of Lisbon’s seven hills, many properties in Principe Real boast stunning views of the city and the sea beyond.

As you would expect, property prices in this area are high, but the quality and location are unmatched. You’ll find apartments in converted palaces, offering a unique blend of historic charm and modern luxury. The area’s central location means that you’re just a short walk away from other desirable neighbourhoods like Chiado and Bairro Alto, with their vibrant nightlife and cultural attractions.

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James Cave is the founder of Portugalist and the author of the bestselling book, Moving to Portugal Made Simple. He has visited just about every part of Portugal, including Madeira and all nine islands of the Azores, and lived in several parts of Portugal including Lisbon, the Algarve, and Northern Portugal.

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