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Real Estate in Estoril, Portugal | Digital Nomad Exchange
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Real Estate in Estoril, Portugal

By Betsy Burlingame

Last updated on Nov 14, 2024

Summary: People living in Estoril, Portugal offer advice about real estate. How do you find a home in Estoril? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Estoril?

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

"Finding a place to live in Estoril, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a large villa. Next, you should research the different neighborhoods in Estoril to find one that suits your lifestyle and preferences. Some areas may be closer to the beach, while others may be closer to shopping centers or public transportation. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals or properties for sale in Estoril, such as Idealista, OLX, or Remax Portugal. These websites allow you to filter your search based on your preferences, such as the number of bedrooms, price range, and location. In addition to online searches, you may also want to consider hiring a real estate agent. They can provide valuable local knowledge, help negotiate prices, and guide you through the legal process of renting or buying a property in Portugal. When you find a property you're interested in, arrange a viewing. This will give you a chance to inspect the property and the surrounding area. Finally, once you've found a place you like, you'll need to negotiate the terms of the lease or purchase agreement. If you're renting, this will typically involve paying a deposit and the first month's rent upfront. If you're buying, you'll need to arrange for a mortgage if necessary, and handle all the legal paperwork involved in purchasing a property. Remember, it's important to take your time and not rush the process. Finding the right place to live can take time, but it's worth it to find a home that you'll be happy in," remarked one foreigner who made the move to Estoril.

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Portugal Residency Advisors is a full-service consulting firm dedicated to providing personalized services to individuals and families seeking to relocate to Portugal. With a team of experienced professionals and strategic partnerships, we are well-positioned to assist clients with all aspects of the relocation process.

Click connect to have our partner contact you via e-mail and/or phone.

Portugal Residency AdvisorsPortugal Residency Advisors

Portugal Residency Advisors is a full-service consulting firm dedicated to providing personalized services to individuals and families seeking to relocate to Portugal. With a team of experienced professionals and strategic partnerships, we are well-positioned to assist clients with all aspects of the relocation process.
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Click connect to have our partner contact you via e-mail and/or phone.

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

"A typical expat home or apartment in Estoril, is often located in a quiet, residential area, close to the beach and the town center. These homes are usually spacious, with multiple bedrooms and bathrooms, a large living area, and a fully equipped kitchen. Many of these homes also have a private garden or a terrace with a view of the sea or the surrounding landscape. The interiors are often tastefully decorated, with a mix of modern and traditional Portuguese elements. Some homes may also have amenities like a swimming pool, a garage, or a gym. The buildings themselves are often well-maintained, with a charming, traditional Portuguese exterior. Despite being in a residential area, these homes are usually within walking distance of shops, restaurants, and other amenities," explained one expat living in Estoril, Portugal.

Portugal Residency Advisors

Portugal Residency Advisors is a full-service consulting firm dedicated to providing personalized services to individuals and families seeking to relocate to Portugal. With a team of experienced professionals and strategic partnerships, we are well-positioned to assist clients with all aspects of the relocation process.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

Portugal Residency Advisors

Portugal Residency Advisors is a full-service consulting firm dedicated to providing personalized services to individuals and families seeking to relocate to Portugal. With a team of experienced professionals and strategic partnerships, we are well-positioned to assist clients with all aspects of the relocation process.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

What is the average cost of housing in Estoril?

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

"The average cost of housing in Estoril can vary greatly depending on the type and size of the property. For instance, a one-bedroom apartment in the city center may cost around €1,000 per month to rent, while a three-bedroom apartment in the same area could cost upwards of €2,000 per month. If you're looking to buy property, the average price per square meter in the city center is approximately €3,000. However, these prices can fluctuate based on market conditions and other factors," explained one expat living in Estoril, Portugal.

Should I buy or rent a home in Estoril?

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

"The decision to buy or rent a home in Estoril, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Estoril for a long period, buying a home could be a good investment. Portugal's real estate market has been steadily growing, and owning a property could provide you with a valuable asset in the future. On the other hand, if you're not sure about your long-term plans or if you prefer not to have the responsibilities that come with homeownership, renting might be a better option. Renting can offer more flexibility, as it's easier to move if your circumstances change. It also allows you to avoid the costs and responsibilities of property maintenance and repairs. It's also important to consider the cost of living in Estoril. While it's a beautiful and desirable location, it's also one of the more expensive areas in Portugal. Therefore, whether you choose to buy or rent, you should ensure that it fits within your budget. Lastly, it's worth considering the current state of the housing market in Estoril. If property prices are high, it might be more cost-effective to rent until prices become more affordable. Conversely, if property prices are low or expected to rise, it could be a good time to buy. In conclusion, the decision to buy or rent a home in Estoril should be based on your personal and financial circumstances, as well as the current state of the housing market. It's always a good idea to seek advice from a real estate professional or financial advisor before making such a significant decision," explained one expat living in Estoril, Portugal.

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.

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