A lot has been said about the rising prices of Portugal’s real estate market. Yes, most properties throughout the country are experiencing constant appreciation. However, there are still some hidden gems that will combine great location, interesting floorplans and attractive prices. Portugal Homes curated a special list, with some beautiful and unique properties below the €300.000 mark that can easily become your next profitable investment.
Why Invest in the Portuguese Real Estate Market?
Lately, everybody is talking about the increasing property prices in Portugal for the past few years. It is everywhere: we see it on the news, in government speeches, and in the everyday conversation among residents. Fortunately. this is exactly the type of topic that will ring differently to the years of the experienced investor.
While many will simply comment on the fact that values more than doubled over the last decade, rising from the country’s average of €763 per square metre (€70.89 per square foot) to €1,736/m² (€161.28/ft²), those who have their radars always on for opportunities will know it is time to take action.
With the real estate market showing great performance and resilience even in the challenging post-pandemic period, it is easy to see that the trend is for prices to continue on the rise. That means that the best time to purchase property in Portugal was a few years ago. And that the second best time is now. The reason is simple: if you invest now in a good and well-located property, it is almost guaranteed that you will see it appreciating almost instantly.
Hidden Gems: The Best of Portugal under €300,000
Even though a lot has been said about prices of properties in Portugal, it is still possible to find some amazing opportunities under the €300,000. Anywhere between €250,000 and €300,000 can be a very strategic purchase, as properties in this price range are highly sought-after while still offering good potential for realistic appreciation.
Here are some great examples:
Costa 68 | LISBON
This new development is located in Alcantara, one of the coolest areas of Lisbon thanks to the perfect blend of traditional commerce and new trends. The building follows the same direction and was completely refurbished while still maintaining its original identity.
- 1 BEDROOM
- 44 SQM
- EQUIPED KITCHEN
- HIGH-END MATERIALS
- FROM €300.000
409 Apartments | PORTO
Only 15 minutes away from the iconic Torre do Clérigos and 4 minutes from the Lapa overground station in Porto, this development is situated on a beautiful centenary building that is under refurbishment and that will have offer residents a practical Gym.
- STUDIOS
- FROM 28 TO 42 SQM
- FIREPLACE
- BALCONY (DEPENDING ON UNIT)
- FROM €180,000
Baixa Studio | LISBON
This stunning studio is located only 600 meters away from the famous Rossio Square in Lisbon’s Downtown area. The cozy yet spacious property offers an ocean view and the possibility to be within walking distance of the very best the city has to offer, from restaurants, bars and markets to some of the capital’s most famous spots like Praça do Comércio and the Tagus River.
- STUDIO
- 42SQM
- OCEAN VIEW
- HEATING
- €280,000
Gramacho Golf Resort | THE ALGARVE
How about investing in a property that will also give you exclusive access to a magnificent 18-hole golf course designed by Ronal Fream and Nick Price, a spa, a gym, a swimming pool as well as restaurants and bars? Located between Carvoeiro and the picturesque village of Ferragudo, in the Algarve, one of the best destinations for golf enthusiasts, this incredible golf resort is one of the region’s top properties of this kind.
- 0-1 BEDROOMS
- 55 SQM TO 112 SQM
- 24HRS SECURITY
- HEATING
- BALCONIES
- FROM €165,000
Supertubos Apartment | PENICHE
This modern and sun soaked flat has superb panoramic views and it is set 500 meters away of the charming Praia da Consolação and only a few minutes away from the famous Praia dos Supertubos, stage of the World Surfing Championship, in Peniche.
- 2 BEDROOMS
- BALCONIES
- GARAGE BOX
- POSSIBILITY TO INCLUDE FURNITURE
- POSSIBILITY TO INCLUDE LICENCE OF LOCAL ACCOMMODATION
- €290,000
What is the Best Property Type to Invest in Portugal?
Although we have shown apartments only, the truth is that, depending on the location, it is still possible to buy virtually any type of property in Portugal under the €300,000 mark. Lofts, flats, apartments, plots of land, and houses can be found from north to south, close to city centres, beaches or nature reserves. Which one is the best will depend on your particular goal. Is it for investment only or do you wish to live there? Are you going to rent it out and for how long? Do prefer a quieter area or a cosmopolitan hub?
You know what? Do not answer that just yet. First, reach out to us so you can tell your wants and needs directly to one of our advisors: they are fully prepared to hand out a tailored list of properties that will be the perfect investment for you.
