×
Interested in our Partner Program for businesses or our Local Guide Program for experienced expats and digital nomads? Click here to learn more.
Real Estate in Lagos, Portugal | Digital Nomad Exchange
Digital Nomad Exchange
Free MembershipSign In

Real Estate in Lagos, Portugal

Portugal Residency Advisors
Portugal Residency Advisors
Portugal Residency Advisors
Portugal Residency Advisors

By Betsy Burlingame

Last updated on Oct 05, 2024

Summary: The average cost of a nice 2 bedroom home in Lagos, Portugal is around €200,000, while a nice 3 bedroom home can cost around €250,000. These properties typically include modern amenities such as air conditioning, central heating, and a fully equipped kitchen. Some may also include a private garden or terrace. Foreigners are allowed to purchase property in Lagos, however they must obtain a Portuguese tax number and register with the local tax office. The best way for an expat to search for a home to buy in Lagos is to use a real estate agent or search online. It is also important to research the local area and visit the property in person before making a purchase. The most desirable neighborhoods in Lagos are Praia da Luz, Meia Praia, and Lagos Marina. These areas are known for their stunning beaches, vibrant nightlife, and excellent restaurants.

How do I find a place to live in Lagos?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Lagos is to search online for rental listings. Websites such as Idealista, Imovirtual, and BPI Expresso offer a wide variety of rental listings in the area. Additionally, you can also search for rental listings on social media platforms such as Facebook and Instagram. Additionally, you can also contact local real estate agents who specialize in the area to help you find a suitable place to live. Finally, you can also ask friends and family who live in the area for recommendations," said one expat in Lagos.

AGS Worldwide MoversAGS Worldwide Movers
Get Quote

Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

AGS Worldwide MoversAGS Worldwide Movers

Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
Get Quote

What is a typical expat home or apartment like in Lagos?

"Expat homes and apartments in Lagos are typically modern and comfortable, with plenty of natural light and airy spaces. Many of the apartments have balconies or terraces with views of the city or the nearby beaches. The interiors are often decorated with bright colors and modern furnishings, and the kitchens are usually well-equipped with all the necessary appliances. Expats in Lagos can also enjoy access to a variety of amenities, such as swimming pools, gyms, and other recreational facilities," explained one person living in Lagos, Portugal.

AGS Worldwide Movers

Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

Learn MoreGet Quote

AGS Worldwide Movers

Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

Learn MoreGet Quote

What is the average cost of housing in Lagos?

If you are thinking about moving to Lagos, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Lagos is generally quite reasonable. Prices vary depending on the size and location of the property, but the average cost of a two-bedroom apartment in the city centre is around €500-€600 per month. Outside of the city centre, prices can be lower, with two-bedroom apartments costing around €400-€500 per month," remarked one foreigner who made the move to Lagos.

Should I buy or rent a home in Lagos?

If you have not spent a lot of time in Lagos, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Whether you should buy or rent a home in Lagos depends on your individual needs and preferences. Buying a home in Lagos can be a great investment, as the city is a popular tourist destination and real estate prices are likely to increase over time. However, if you are only planning to stay in Lagos for a short period of time, renting may be a better option as it can be more cost-effective and flexible. Additionally, renting can give you the opportunity to explore different neighborhoods and find the one that best suits your lifestyle. Ultimately, the decision to buy or rent a home in Lagos should be based on your individual needs and preferences," said one expat in Lagos.

What do I need to know when buying property in Lagos?

When we asked expats what advice they would give a foreigner before buying a property in Lagos, they said:

"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is also important to understand the legal requirements for buying property in Lagos, such as obtaining a tax number and registering with the local tax office. 3. It is advisable to seek professional advice from a lawyer or real estate agent to ensure that all legal requirements are met. 4. It is important to consider the location of the property and the surrounding area, as well as the condition of the property itself. 5. It is also important to consider the cost of living in the area, as well as the availability of public services and amenities. 6. It is important to be aware of any restrictions or regulations that may apply to the property, such as zoning laws or building codes. 7. It is also important to consider the potential for rental income or capital appreciation when making a purchase," said one in Lagos.

Are foreigners allowed to own property in Lagos?

When we asked expats what advice they would give a foreigner before buying a property in Lagos, they said...

"Yes, foreigners are allowed to own property in Lagos. Non-residents of Portugal are allowed to purchase property in the country, however, they must obtain a tax identification number from the Portuguese Tax Authority in order to do so. Additionally, foreign buyers must also obtain a Portuguese residency permit if they wish to stay in the country for more than 90 days," explained one expat in Lagos.

What appliances are typically included in a rental?

We asked foreigners in Lagos what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In a rental property in Lagos, tenants can typically expect to find a refrigerator, stove, oven, dishwasher, washing machine, and dryer. Additionally, some properties may include a microwave, toaster, and other small kitchen appliances," explained one person living in Lagos, Portugal.

Additional Information about Searching for a Home in Lagos:

We asked foreigners in Lagos what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats looking for homes in Lagos can search online for real estate listings, contact local real estate agents, or look for rental postings on websites such as Craigslist or Gumtree. Additionally, expats can ask friends and family for recommendations or look for postings on social media sites such as Facebook or Twitter," explained one expat in Lagos.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Cigna Global Health
Cigna Global Health

Get a quote in 2 minutes from our partner, Cigna Global Health.
Get Quote

Cigna Global HealthCigna Global Health

Get a quote in 2 minutes from our partner, Cigna Global Health.
Get Quote

Digital Nomads LagosLagos Guide

Digital nomads and expats talk about what it's like living in Lagos.

Digital Nomad Life Lagos Living in Lagos

More about what it's like living in Lagos.

Portugal Forum Portugal Forum
Talk with other digital nomads and expats in Portugal on our Portugal forum - meet people, get advice and help others.

Contribute to Portugal Network Contribute
Help others in Portugal by answering questions about the challenges and adventures of living in Portugal.

Expat Healthcare Advice in PortugalHealthcare & Health Insurance in Portugal

Digital Nomads in Portugal offer advice about healthcare, hospital visits, emergency rooms visits, finding a doctor and buying health insurance in Portugal.

Real Estate in PortugalRentals in Portugal

Rentals in popular cities and towns in Portugal.

Cigna Global Health
Cigna Global Health

Get a quote in 2 minutes from our partner, Cigna Global Health.
Get Quote

Cigna Global HealthCigna Global Health

Get a quote in 2 minutes from our partner, Cigna Global Health.
Get Quote

Contribute to Portugal Network Contribute
Help others in Portugal by answering questions about the challenges and adventures of living in Portugal.

Portugal Residency Advisors
Portugal Residency Advisors

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal Partners & Local Guides