Investment property in Portugal: what to buy and what it costs
Apartments for sale in Lisbon, Porto, Braga, Coimbra, Albufeira, Madeira and near Lisbon with minimum prices, yields, taxes on buying and owning.
In 2026 the median price per square metre of housing in Portugal is about $2,700, about $6,000 in Lisbon, and the median price of homes sold rose 19.8% over the year. A one-bedroom apartment in the university city of Braga costs $107,000, and one in Lisbon $169,000. Since May 2026 a non-resident pays 7.5% transfer tax on the full price, and Portugal has not issued residence permits for buying a home since October 2023.
Below are seven apartments for sale now, from $107,000 in Braga to $354,000 in Parede near Lisbon, prices by city, rental yields, taxes on top of the price and the routes to a residence permit. A manager will confirm what is for sale today and the exact price.
The market in brief
Prices and rules as of 2026.
What properties investors buy in Portugal
Seven apartments for sale in Portugal now, from $107,000 to $354,000: Braga, Coimbra, Lisbon, Albufeira, Porto, Funchal on Madeira and Parede near Lisbon. The price, area, floor and condition are the seller's; a manager will send the documents, floor plans and similar options to the chat.
A newly renovated one-bedroom attic apartment in central Braga
$107,000
A 48 m² attic apartment on the 6th floor in Maximinos, in central Braga: a living room, a bedroom, a bathroom and an equipped kitchen, fully renovated. Braga is a university city in the north of Portugal an hour from Porto, and homes here are rented by students, lecturers and young families. Such apartments in Braga rent for $960 (€850) a month on average, about 10.7% a year.
A one-bedroom apartment to renovate in the old centre of Coimbra
$108,000
A 47 m² apartment on the 1st floor of a 1951 building in the historic centre of Coimbra: a living room, a bedroom, a kitchen and a bathroom. It is sold for full renovation, so it costs less than the neighbouring ones. Coimbra is the country's oldest university city, and its old centre is a World Heritage Site. After renovation such apartments rent for $850 (€750) a month, and the renovation itself adds value to the apartment.
A detached one-bedroom cottage in a courtyard of old Lisbon
$169,000
A 26.26 m² single-storey house from 1904 in a courtyard of historic buildings in Beato, in the east of Lisbon: a living room with a kitchen, a bedroom, a bathroom and its own entrance. Beato is a former industrial quarter by the river where old warehouses now house offices, galleries and restaurants. Such homes in Lisbon rent for $850 (€750) a month, about 6% a year, and it is an entry to the capital cheaper than a regular apartment.
A one-bedroom apartment with a balcony over the pool in a complex by the beach
$184,000
A 70 m² apartment on the 2nd floor of a 2003 complex in Albufeira: a living room, a bedroom and a balcony overlooking the pool. The complex has pools, a padel court, a gym and a spa, and the beach is a 5-minute walk away. The apartment is managed by the complex's management company under a contract until October 2027. Such apartments in Albufeira rent for $1,240 (€1,100) a month on average, about 8.1% a year.
A one-bedroom apartment with a balcony by the Clérigos Tower
$225,000
A 47 m² apartment in the historic centre of Porto, a few minutes from the Clérigos Tower: a living room with an open kitchen, a bedroom, a bathroom and a balcony. The old centre of Porto is a World Heritage Site, with the university, offices, cafés and the metro nearby. Such apartments in Porto rent for $960 (€850) a month on average, about 5.1% a year before tax.
A one-bedroom apartment with parking near the Funchal seafront
$276,000
A 31 m² apartment on the 7th floor of a 1984 building in São Martinho, in the west of Funchal: a living room, a bedroom, a bathroom and a renovated kitchen, a storage room and a parking space. A shopping centre and the seafront are nearby. Madeira is an island with a mild climate all year round where people move to retire and to work remotely, so small apartments here are in steady demand.
A two-bedroom apartment with a fireplace by the station near Lisbon
$354,000
A renovated 80 m² apartment in Parede, on the coast between Lisbon and Cascais: a living room with a fireplace, two bedrooms and south-facing windows. The suburban train station is within walking distance, central Lisbon is about half an hour away and the beaches a few minutes. Such apartments in Parede rent for $1,910 (€1,700) a month on average, about 6.5% a year.
The price is the seller's price in 2026, in dollars rounded up to the thousand, in euros in brackets. Each apartment costs no more than the lowest price of similar apartments in the city plus 10%. The monthly rent is the average of long-term rental listings for similar apartments in the city. We check the cards monthly and replace a sold apartment with one of the same type and price.
How much an apartment costs in Portugal in 2026
According to the National Statistics Institute of Portugal, in the first quarter of 2026 the median price of homes sold rose 19.8% over the year. Lisbon and the Cascais coast are the most expensive, the north of the country and the university cities the cheapest: in Braga and Coimbra a square metre of the apartments in the cards costs about $2,300, almost three times less than in the capital. Foreigners pay more than locals on average, because they more often buy new homes in the centre and by the sea.
| Where | Per m², median | 60 m² apartment |
|---|---|---|
| Lisbon | ~$6,000 | ~$360,000 |
| Cascais | ~$5,700 | ~$340,000 |
| Algarve | ~$3,800 | ~$230,000 |
| Madeira | ~$3,300 | ~$200,000 |
| Porto and suburbs | ~$2,900 | ~$180,000 |
| Portugal average | ~$2,700 | ~$160,000 |
Data for 2026: median price per square metre, dollars rounded up.
What yield renting out gives
The gross yield from long-term rent in Lisbon is about 3.8% a year before tax: the capital is expensive and rents lag behind prices. The apartments in the cards in Lisbon, Porto and Parede rent at 5.1-6.5%, in Albufeira at 8.1% and in Braga at 10.7%: in the north the entry is cheaper, and homes are rented by students and young families. The yields of the apartments in the cards are calculated on long-term rent.
| Tax | Rate |
|---|---|
| A non-resident's income from letting a home | 25% |
| Municipal property tax | 0.3-0.45% of the cadastral value a year, the rate is set by the municipality |
| Tax on expensive housing | from 0.7% on the part of the cadastral value of all the owner's homes above $674,000 (600,000 euros) |
| Gain on sale | half of the gain is taxed on the scale together with all worldwide income |
Data for 2026: the yield is the Lisbon average; countries are compared in the rental yield table.
Tax on rent from a Portuguese apartment is paid in Portugal, whether or not the owner lives there. Rates and examples are on the page taxes in Portugal.
What costs to add to the property price
| Payment | Amount |
|---|---|
| Transfer tax for a non-resident | 7.5% of the price of a home from the first euro, since May 2026 |
| Stamp duty | 0.8% of the price |
| Deal and registration at the one-stop service | ~$430 without a mortgage |
| Portuguese tax number | needed before the deal; a non-resident from outside the EU gets it through a tax representative |
| Legal due diligence | on the lawyer's tariff, separate from taxes |
Data for 2026. Example: the $354,000 (315,000 euros) apartment from the cards - transfer tax about $26,600, stamp duty about $2,900, registration about $430, about $30,000 in total on top of the price. A buyer who was previously a Portuguese tax resident does not pay the 7.5% rate. A manager calculates the total for a specific apartment.
In Portugal the land registry and the housing permit are checked before the deposit
Mistakes cost more than the tax: an apartment without a permit to use it as a home, extensions that are not in the registry, the previous owner's debts on the municipal tax and building fees, a deposit under a preliminary contract that stays with the seller if you back out. Murblz support removes these risks: we find a property for the budget and goal, check the registry, the cadastre and the municipality, get the tax number and bank account and take the deal through to title registration.
The cost of support depends on the purchase budget and the goal - investment or relocation; the manager will calculate it in the chat.
Does buying give a residence permit
Buying a home does not give a residence permit in Portugal: the golden visa for property was abolished in October 2023. The golden visa remains for investments from $562,000 (500,000 euros) in investment funds, and to live in the country people get a passive income visa or a digital nomad visa. Your own apartment settles the housing question when you apply, and a manager will send apartments for relocation to the chat.
You can buy an apartment without a residence permit: no permits are needed and there are no nationality restrictions. The payment route is planned before the deposit. The remaining golden visa options are on the page Portugal golden visa.
How we find a property
- Budget and goal: investment, a home for relocation or an apartment by the sea. The manager clarifies the city, district and how you will pay.
- A selection of real properties: apartments with the seller's price, floor area, year of construction and a yield calculation.
- Checks: an extract from the land registry, encumbrances, debts on the municipal tax and building fees, the permit to use it as a home.
- A remote deal by power of attorney: a tax number, a bank account, the contract at a notary or the one-stop service and title registration.
The manager sends the selection to the chat, with sellers' prices on the date of the selection.
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More on buying in this country:
- Property in Portugal for foreigners: rules, taxes and the deal
- How to buy an apartment in Portugal
- Portugal Golden Visa in 2026
- Taxes in Portugal
- Lisbon: what to see and whether to move there
- Porto: what to see and whether to move there
All countries and budgets compared - on the page Investment property abroad.
FAQ
How much does an apartment in Portugal cost in 2026?
Can foreigners buy property in Portugal?
Does buying an apartment give a residence permit in Portugal?
What yield does letting an apartment in Portugal give?
What taxes apply when buying an apartment in Portugal?
Where to buy an apartment for investment in Portugal?
Can you buy an apartment in Portugal remotely?
How long does buying an apartment in Portugal take?
Don’t want to figure this out alone?
We handle the whole process end to end: we shortlist properties for your goal, run legal checks and support the deal through to registration. Ask your question in the chat: the free consultation starts right here. Legal representation before authorities and courts is handled by Murblz specialists together with locally licensed partners.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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