The most extravagant places to live in Portugal

  • 2 November, 21

Taking the top spot for Portugal’s most extravagant place to live in is Lisbon. On average, property will cost you a chart-topping €4,898 per square metre. Of course, with this being the average price, some areas are harder on the bank than others.

Belém: the priciest place to buy property

According to data from Casafari, Belém is the most expensive district to buy an apartment in Lisbon – making it the dearest place in the whole country.

In Belém, the average price of an apartment is around €866,000. This blows aside other rival Lisbon districts tussling for the top. The second most expensive location is Avenidas Novas with an average apartment price of €795,000. And, in third, Parque das Nações at €722,000.

Cascais: the highest cost of living

Past the city of Lisbon, but still within the Lisbon district, Cascais takes the medal for having the highest cost of living.

According to Numbeo, €3,073 in Lisbon would give you the same standard of living as €3,600 in Cascais. This considers factors such as rent, transport, a meal out and groceries.

London is the most expensive city in Europe to buy an apartment (based on figures from Statista). The average price per square metre is €15,430 – more than three times that of Lisbon.

Additionally, Paris, Munich and Amsterdam will all set you back more for an apartment: you’ll be forking out €10,300m², €9,300m² and €8,000m², respectively.

Data in the first quarter of 2021 was positive for the market. House prices grew 6.7% which, despite being 3.6% smaller than the same quarter in 2020, shows a good comeback in the wake of the virus.

Cre:Portugalresident

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