Lisbon, Faro, and Porto Lead Luxury Home Market

The districts of Lisbon, Faro, and Porto account for 81% of all luxury homes for sale in Portugal—those priced above one million euros—listed on Idealista.

According to the real estate portal, almost all districts on the Portuguese mainland and islands have at least one property listed on Idealista for over a million euros. However, this distribution is not uniform. Data compiled on August 1st indicates that Lisbon has the highest number of luxury homes exceeding this value, representing 44.6% of the national total. Faro follows with 24.9%, and Porto with 11.2%. Setúbal accounts for 5.2%, while Madeira Island represents 4.3% of the total.

Over 80% of properties valued at one million euros or more are concentrated in three key districts in Portugal.

Leiria ranks sixth, with 1.5% of luxury properties priced above one million euros, followed by Évora with 1.4%. The list of districts and islands with the most luxury homes continues with Braga (1.1%) and Santarém (1.1%). Below 1% are Viana do Castelo (0.9%), Aveiro (0.7%), Beja (0.7%), Coimbra (0.5%), Portalegre (0.4%), Viseu (0.4%), Vila Real (0.4%), São Miguel Island (0.3%), Castelo Branco (0.2%), Guarda (0.1%), and Bragança (0.1%).

At the other end of the spectrum, Porto Santo Island has the fewest luxury homes listed as of August 1st, with only one, followed by São Jorge Island, Santa Maria Island, and Pico Island (each with two), and Terceira Island, with six.

Within the luxury residential market, there are even more exclusive properties priced above three million euros. Idealista lists 1,700 properties in this category. These ultra-luxury homes are primarily located in Lisbon (842 listings; 49.5% of the total), Faro (495 listings; 29.1%), and Setúbal (113 listings; 6.6%). Porto follows with 58 listings (3.4%), and Madeira Island with 47 listings (2.8%).

This trend highlights the growing appeal of these areas, often drawing both local and international buyers. Factors such as favorable climate, cultural heritage, and investment opportunities make these districts particularly attractive. As demand continues to rise, the real estate market in these regions may experience further growth and increased competition.

Disclaimer: The views expressed above are based on industry reports and related news stories and are for informational purposes only . SSIL does not guarantee the accuracy, legality, completeness, reliability of the information and or for that of subsequent links and shall not be held responsible for any action taken based on the published information.