How much does property cost in Algarve?

Based on 6,321 current listings on Casza, the median asking price in Algarve is €690K, with most listings falling between €445K and €1.3M. That works out to roughly €4,823 per square meter. Prices depend on location, condition, and views.

What is the price per square meter in Algarve?

The average price per square meter in Algarve is around €4,823/m², based on current Casza listings with published floor areas. More affordable options are available in less central areas.

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Algarve Property Prices

Q: Are property prices rising in Algarve?

Algarve has seen sustained interest from international buyers. The market, known for expat favorite, affordable compared to rivals, golf resorts, retirement destination, has experienced moderate price appreciation in recent years. Check our quarterly Casza Index for latest trends.

2026 price guide for Portugal

Quick Answer

The median asking price in Algarve is €690K, with most listings between €445K and €1.3M. That's about €4,823/m². These figures come from 6,321 live listings on Casza. The market is characterized by expat favorite, affordable compared to rivals, golf resorts, retirement destination.See our methodology.

Casza Market Summary: Algarve

Methodology

•Property prices range from €445,000 to €1,300,000.
•Average rental yield is 5.2% gross annually.
•Cost of living index is 58 (42% cheaper than Western Europe average).
•Foreign nationals can purchase property without restrictions.
•Algarve is known for expat favorite, affordable compared to rivals, golf resorts, retirement destination.

View full Portugal market guide

Prices by Property Type

From 6,321 live listings

Villa

3,473 listings

Entry Level

€40K

Median

€1.1M

Premium

€27.0M+

Apartment

2,674 listings

Entry Level

€65K

Median

€475K

Premium

€4.5M+

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Price Analysis for Algarve

The Algarve property market in Portugal is characterized by expat favorite, affordable compared to rivals, golf resorts, retirement destination. Prices reflect the desirability of the location, which is known for golden beaches and affordable luxury in southern portugal.

Price Factors

Several factors influence property prices in Algarve:

Location: Waterfront, historic center, and view properties command premiums
Property condition: Renovated vs. requiring work significantly affects price
Size and layout: Price per m² often lower for larger properties
Amenities: Pools, parking, and outdoor space add value
Rental potential: Properties with high rental yield may price higher

Price Trends

Algarve has experienced steady demand from international buyers. The market benefits from Portugal's appeal to lifestyle-focused investors. For quarterly market updates, see our Casza Index.

Buying Costs

In addition to the purchase price, budget for transaction costs of 8-15% including:

Transfer tax/stamp duty (varies by region)
Notary fees (1-2%)
Legal fees (1-2%)
Registration fees
Agent commission (if applicable)

For complete details, see our Portugal Buying Guide.