Alentejo is one of the true gems of Portugal set with tranquility, golden plains, green hillside, affordable cost of living, and slow pace of life, making the Alentejo Portugal real estate one of the most sought-after markets by investors.
Famous for its cork oaks and olive oil, real estate in Alentejo Portugal is an excellent option if you want an authentic Portuguese experience and a peaceful lifestyle.
If you want to live in Portugal, the Alentejo is an excellent option, providing you with a largely undiscovered part of the country.
Buying a house in Alentejo, like anywhere in Portugal, is perfectly possible for foreigners, and there are no restrictions for you.
To buy a property in Portugal, you’ll need to obtain a Portuguese NIF number (tax identification number) and open a bank account to avoid transaction costs.
Learn more about the process of buying a property in Portugal here.
Alentejo Portugal real estate: What is it like?
When buying property in Alentejo, you can find many properties at very affordable rates. In 2020, the average asking price for property in Alentejo was €1,488/m2.
Portugal is renowned for its affordability compared to other European countries.
The Alentejo is considered very inexpensive in Portugal, meaning you can find exceptional properties at very good prices.
However, some properties on the Alentejo coast can be expensive, such as Comporta and Melides.
Luxury properties will come with a much higher price tag, although they should still be reasonable compared to neighboring countries’ real estate markets.
Many areas in Alentejo remain eligible for the Portugal Golden Visa after the changes that came in early 2022 – this means if you’re looking to invest in residential real estate, then you can only do so in areas considered interior areas.
Where to buy property in Alentejo?
From excellent beaches to rolling hills, the Alentejo has ample options for any type of buyer.
Here are some places we recommend looking at:
Évora
The best place to start is with the capital of Alentejo. Évora is just two hours east of Lisbon and a little over two hours from the Spanish border.
Buying a house here means you are still very close to the capital and can enjoy the advantages while living a quiet life in the countryside, allowing you to experience the best of both worlds.
Comporta
Buying a property in Comporta is synonymous with luxury living (as with Tróia close by). Here, you can enjoy sun-kissed beaches in a relaxed resort. It’s the perfect mix of luxury, nature, and simplicity.
What should I consider when buying a house in Altenjo?
Paperwork
One of the most important things to consider when buying a house in Alentejo is paperwork.
It is important to have everything in order when purchasing a property and do your due diligence so that you are fully aware of the property that you are buying and have all the documents required when purchasing the property.
Neighborhood
When looking into your property’s neighborhood, make sure to properly check out the area.
What age group tends to live there? Is it a good area to retire to? Are there good areas for your children to play or for you to head out into the countryside for a nice walk?
We recommend looking at the neighborhood or asking your local team what’s life like before starting the purchasing process.
Contact us if you’d like to learn more about this beautiful region and how you can find your dream home in Alentejo.
I love Costa Vicentina in Alentejo! I truly recommed it. As the article mentioned, I’ve heard that Comporta is quite expensive, I will try to visit on my next trip!
Hi Eduard,
Thank you for recommending Costa Vicentina in Alentejo! We’re glad to hear that you love the place. It’s great to know that you are planning to visit Comporta on your next trip, even though it is known for its higher costs. We hope you have a wonderful time exploring the beauty and culture of both areas.
If you need any help please feel free to contact us.
Excellent information. I have met people who have invested in these areas and indeed they have said that the paperwork is extremely more effective. As well, the potential for interior tourism also makes these areas very desirable for investment.
Hi Antonio,
Thank you for your positive feedback! It’s great to hear that people who have invested in these areas have found the paperwork to be efficient and the potential for interior tourism to be desirable for investment. The combination of stunning natural beauty and well-organized processes make these areas an attractive option for those looking to invest in real estate.