Let’s compare property prices in different cities in Western Portugal?
Are you thinking about moving to the West of Portugal? If so, know that the western region of the country is an excellent option. With stunning natural beauty, a rich culture and delicious cuisine, the west of Portugal has everything to offer a peaceful and happy life. It is a very beautiful and diverse region, with many points of interest, and well known for its beaches, natural landscapes and historical monuments.
Therefore, if you are thinking of buying a property here, in the West of Portugal, it is essential to do thorough research to identify the options that best meet your needs and budget. This includes understanding property prices in different cities and regions, so you can choose the best possible option.
In this article, we compare property prices in different cities in Western Portugal, so you can make a more informed decision.
What is the lifestyle like in the West region of Portugal?
The Western Region is made up of 12 municipalities distributed across the districts of Leiria and Lisbon. It is a region with a strong connection to nature, and with a very rich history and culture, with monuments and museums that tell a large part of the country’s history.
The region is known for its unforgettable beaches, such as Praia da Nazaré, and wonderful cities, such as Óbidos, Alcobaça, Peniche and others. Furthermore, far from the hustle and bustle of big cities, Oeste offers a peaceful and calm environment, with vast green areas and space for walking, cycling or simply relaxing.
Regarding the cost of living, in the western region of Portugal it is relatively low compared to other regions of the country. According to an article on the Viv Europe website, Caldas da Rainha and Alcobaça, for example, are among the cheapest cities to live in Portugal.
How much does it cost to buy a property in the main cities in the West region of Portugal?
Here are the average sales prices of properties by type in the five main cities in the Western region of Portugal, according to Confidencial real estate:
1) Caldas da Rainha:
Caldas da Rainha is a city located in the district of Leiria. The city has many tourist attractions, including Praia da Foz do Arelho, very famous for its connection to Lagoa de Óbidos, Parque D. Carlos, attached to the Rainha D. Leonor Thermal Hospital and the 19th century José Malhoa Museum, which brings together important collections of Portuguese art.
The average price of a house in Caldas da Rainha varies according to location, and the average price per square meter is around €1,500, in the city center. A T2 apartment can cost an average of 160,000 euros, a T3 190,000 euros and a house around 290,000 euros. The IMI rate, for urban buildings in Caldas da Rainha, is 0.30%*
2) Óbidos:
Óbidos is a medieval village, with around 2,200 inhabitants. The town is known for its walls and castle, which were built in the 12th century, and for its cobbled streets and whitewashed houses, which give it a unique charm. Furthermore, the village is a popular tourist destination, with many events throughout the year, such as the International Chocolate Festival, the Medieval Market, the International Literary Festival and Óbidos Vila Natal.
The average price per square meter in the municipality, largely due to the resorts located in the parishes of Vau and Amoreira, is around €2,100, with a two-bedroom apartment costing an average of €170,000, a three-bedroom €230,000 and a house around 360,000 euros. The IMI rate for urban buildings in Óbidos is 0.36%*
3) Alcobaça:
The city is known for its Alcobaça Monastery, a Gothic monument classified as a UNESCO World Heritage Site and one of the 7 Wonders of Portugal. Furthermore, the city is famous for its “Maçã de Alcobaça”, which is one of the main brands in the municipality, and for the well-known São Martinho do Porto beach.
The average price per square meter is around €1,500, with a two-bedroom apartment costing an average of €160,000, a three-bedroom €190,000 and a house around €290,000. The IMI rate, for urban buildings in Alcobaça, is 0.30%*
4) Peniche:
Peniche is a coastal city, known for its exceptional beaches, which are famous for their waves, great for surfing. Furthermore, the city is famous for its Fortress, which was built in the 16th century, and is an important historical landmark.
The average price per square meter is around €1,800, with a two-bedroom apartment costing an average of €170,000, a three-bedroom €190,000 and a house around €300,000. The IMI rate for urban buildings in Peniche is 0.31%*
5) Torres Vedras:
Torres Vedras is a city with around 30,000 inhabitants. The city played an important role during the Napoleonic Invasions in the 19th century, contributing to the retreat of French troops and Napoleon’s loss of hegemony in Europe. Furthermore, Torres Vedras is an important tourist spot, especially due to its proximity to beaches, such as Santa Cruz beach.
The average price per square meter is around €1,600, with a two-bedroom apartment costing an average of €160,000, a three-bedroom €190,000 and a house around €290,000. The IMI rate for urban buildings in Torres Vedras is 0.35%*
6) Nazaré:
The city of Nazaré, known worldwide for its giant waves, and for surfing, in its most radical form. The city is a popular tourist destination and offers many outdoor activities such as hiking and boating.
The average price per square meter is around €1,900, with a two-bedroom apartment costing an average of €170,000, a three-bedroom €230,000 and a house around €320,000. The IMI rate for urban buildings in Nazaré is 0.45%*
With this comparison of property prices in different cities in Western Portugal, we can see that the options are varied, with prices and characteristics that suit many +/- different tastes and budgets. However, it is important to remember that a professional process must be carried out before making a decision to purchase a property.
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