Real Estate in Cascais, Portugal
Last updated on Jan 16, 2024
Summary: The average cost of a nice 2 bedroom home in Cascais, Portugal is around €400,000, while a nice 3 bedroom home can cost around €500,000. 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. There are no restrictions on foreign ownership for properties in Cascais. Expats should search for a home to buy in Cascais by using online real estate portals, such as Idealista or Imovirtual, or by contacting a local real estate agent. The most desirable neighborhoods in Cascais include Estoril, Cascais Centro, and São João do Estoril. These areas are known for their beautiful beaches, excellent restaurants, and vibrant nightlife.
How do I find a place to live in Cascais?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Cascais is a beautiful coastal town in Portugal, and there are many options for finding a place to live. One of the best ways to find a place to live in Cascais is to search online for rental listings. There are many websites that offer listings for apartments, houses, and other types of rental properties in Cascais. Additionally, you can also search for rental properties in local newspapers and classifieds. Another option is to contact a local real estate agent who can help you find a suitable place to live in Cascais. Finally, you can also ask around in the local community for recommendations on rental properties," explained one person living in Cascais, Portugal.
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What is a typical expat home or apartment like in Cascais?
"Expat homes and apartments in Cascais are typically modern and spacious, with plenty of natural light and stunning views of the ocean. Many of the homes and apartments have balconies or terraces, perfect for enjoying the warm Mediterranean climate. The interiors are often decorated with contemporary furnishings and feature high-end appliances and amenities. Many of the homes and apartments also have access to communal pools, gardens, and other amenities," said one expat who made the move to Cascais.
What is the average cost of housing in Cascais?
If you are thinking about moving to Cascais, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Cascais is generally quite high, with prices ranging from moderately expensive to very expensive. The average cost of a one-bedroom apartment in Cascais is typically around €1,000 per month, while larger apartments and houses can cost significantly more," remarked one member in Cascais.
Should I buy or rent a home in Cascais?
If you have not spent a lot of time in Cascais, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Cascais can be a great investment. The city is known for its beautiful beaches, stunning architecture, and vibrant culture. The cost of living is relatively low compared to other cities in Europe, making it an attractive option for those looking to purchase a home. Renting a home in Cascais can also be a great option, as it allows you to experience the city without the commitment of buying a home. You can also take advantage of the city's many amenities, such as its excellent restaurants, shopping, and nightlife. Ultimately, the decision to buy or rent a home in Cascais depends on your individual needs and preferences," explained one expat living in Cascais, Portugal.
"I am renting an apartment. It was difficult at first because a number of realtors didn't show an interest in helping me. When I found the right realtor, it went fairly easily. The biggest issue was having to pay for an entire years rent due to having no family in Portugal. There is also a scarcity of rental properties that are long term rentals," said one person in Cascais.
What do I need to know when buying property in Cascais?
When we asked expats what advice they would give a foreigner before buying a property in Cascais, they said:
"When buying property in Cascais, it is important to research the local market and understand the legal requirements for purchasing property in the area. It is also important to consider the local infrastructure, such as transportation, schools, and healthcare, as well as the availability of amenities such as shops, restaurants, and leisure activities. Additionally, it is important to consider the local climate and the potential for natural disasters, such as flooding or earthquakes. Finally, it is important to understand the tax implications of buying property in Cascais, Portugal, and to ensure that all necessary paperwork is in order before making a purchase," said one person in Cascais.
Are foreigners allowed to own property in Cascais?
When we asked expats what advice they would give a foreigner before buying a property in Cascais, they said...
"Yes, foreigners are allowed to own property in Cascais. Non-residents of Portugal are able to purchase property in Cascais, however they must obtain a tax identification number from the Portuguese tax authorities in order to do so. Additionally, non-residents must also obtain a Portuguese bank account in order to complete the purchase. The process of purchasing property in Cascais is relatively straightforward and can be completed with the help of a lawyer or real estate agent," wrote one expat who made the move to Cascais.
What appliances are typically included in a rental?
We asked foreigners in Cascais 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:
"Rental properties in Cascais typically include a refrigerator, stove, oven, washing machine, and dishwasher. Other common appliances may include a microwave, toaster, and coffee maker," explained one foreigner living in Cascais, Portugal.
Additional Information about Searching for a Home in Cascais:
We asked foreigners in Cascais 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 can search for homes in Cascais by looking online for real estate listings, contacting local real estate agents, and searching for rental listings on websites such as Airbnb and HomeAway. Additionally, expats can look for housing options in local newspapers and magazines, or ask friends and family who may have connections in the area," said one expat in Cascais.
About the Author
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.
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