New buildings for sale in Portugal

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Portugal is located on the Iberian Peninsula, but also includes a number of islands, such as the Azores. New buildings in Portugal are most actively built on the mainland, but there are also exclusive options that can be a good investment in the European country.

Advantages of buying a house from a developer in Portugal

Buying new buildings in Portugal from a developer means getting an object with favorable conditions, built according to modern quality standards. Foreigners readily choose this segment due to the simplicity of the process and investment potential.

Here are the key advantages:

  • Modern technologies. Residential complexes in Portugal are equipped with energy-efficient systems and offer apartments with convenient layouts.
  • Ease of purchase. All you need for the transaction is a passport, and registration takes 1-2 days.
  • Profitability. Renting new Portuguese housing in popular areas brings 5-7% per annum.
  • No unnecessary taxes. When buying real estate from a developer in Portugal, you do not pay a tax on the transfer of ownership, as in the secondary market.

Cost of housing in new buildings in Portugal

The primary market offers apartments in multi-storey complexes, townhouses and villas. The average price in the country is €2,600–€3,000 per m². In buildings under construction, you can save up to 10–15% by buying housing at the early stages.

For example, a 30 m² studio in a new building costs €80,000–100,000, a 50 m² apartment — €130,000–€180,000. Townhouses with an area of €100 m² start from €250,000, and villas in the premium segment — from €500,000. Developers in Portugal often offer installments, which simplifies the purchase at the construction stage.

Average cost of new housing in Portugal:

Housing type Average price per m² (EUR) Approximate price (EUR)

Studio (30 m²)

2600–3000 80,000–100,000
Apartment (50 m²) 2600–3200 130,000–180,000
Townhouse (100 m²) 2500–3000

250,000–300,000

Villa (150 m²+) 3000–5000 500,000+

Popular for buying housing estates in Portugal

Property from a developer in Portugal is concentrated in cities with high demand. Here are the most popular locations:

  • Lisbon. The capital accounts for the majority of new construction, but these complexes are often located far from the center. Housing here shows itself best as an investment asset.
  • Porto. The second largest city with developed infrastructure. Rental housing is popular here for both short-term and long-term rentals.
  • Faro (Algarve). The resort region with villas and apartments is ideal for holidays and renting out real estate.
  • Braga. A quiet city with a growing market, which is well suited for family living.

Guides on Buying New Builds in Portugal

Frequently Asked Questions about New Buildings in Portugal

Apartments in new residential complexes located on the coast are selling well. They attract buyers with beautiful views and quick access to the beach. New buildings in the center of Lisbon are also very popular.
The most expensive square meter of new buildings is in Lisbon - about 5000-8000 euros. In other cities, a square meter of a new building in Portugal from the developer costs 2500-3500 euros.
If you buy an apartment in the resort areas, you can spend up to 6-7 months a year at the best European beaches. Having an apartment in Lisbon will open up good prospects for employment. Bought housing can also bring passive income by renting it out.
Foreigners need a passport and a Portuguese IIN (issued by the tax office). You will also need to open an account in one of the banks in Portugal to transfer money to the seller of the property.