Top 7 best places to live in Portugal in 2024

Discover a place where sun, sea and culture mix in harmony. Portugal is made up of a wealth of landscapes, from golden beaches to historic cities, making it the ideal location for anyone hoping to find peace, culture and leisure.

From the sunny coasts of the south and their friendly towns, to the capital with its lively nightlife and cultural richness, every city in this European country offers its own distinct lifestyle that’s also relatively affordable.

In this article we’ll take a look at why so many people are flocking to live there, as well as what is the best place to live in Portugal, suited for your needs.

 

Algarve

The Algarve is often referred to as the Portuguese way of life at its finest. Stunning beaches, charming coastal towns, nature, the region has it all. You will find there stunning landscapes of the vicentina coast and its picturesque villages such as Odeceixe or Aljezur. Golfers will also be delighted: the Algarve is home to some of Europe’s most beautiful courses, with an ocean view. Generous sunshine all year round, relaxed pace of life at a low cost, delicious cuisine made from fresh fish, friendly and warm population are just some of the advantages you’ll find in the Algarve.

 

Whether you are retired looking for tranquility, digital nomad or remote worker eager for new horizons or a family looking for a pleasant living environment, you will surely find happiness in one of the flagship cities of the Algarve. You can choose between the buzz of Faro, the authentic charm of Tavira, the festive atmosphere of Albufeira or even the calmness of Lagos, depending on what you’re looking for to buy a property.

Average property price per m2 in Algarve in March 2024 (all real estate markets combined: houses, apartments, …): 3.321€/m2

 

Lisbon

Lisbon is the capital of Portugal. It’s considered a dream place to settle. This city steeped in history lies at the mouth of the Tagus River. Its many assets are sure to win you over. There is a warm climate and sun all year round. The quality of life is greatly enhanced by an affordable cost of living, even if it remains the most expensive city in the country. The cultural and artistic scene is certainly one of the most active in the country if you’re looking for a lively city.

 

Picturesque neighborhoods with a variety of atmospheres offer something for everyone. You’ll find authenticity in the cobbled lanes of Alfama, while the hustle and bustle of the Bairro Alto is the place to be. Families will love the green spaces of Estrela or Príncipe Real. And if you’re dreaming of a breathtaking view of the Tagus, head for the heights of Graça.

 

When it comes to transport, you can easily get to one of the city’s many restaurants by metro, streetcar or bus. After all, Lisbon also boasts a delicious gastronomy and pastéis de nata at all hours. Lisbon probably has the largest expat population, including many remote workers, and still continues to grow, making it a very good place for real estate investment in Portugal.

Average property price per m2 in Lisbon in March 2024: 5.569€/m2

 

Porto

Porto, the second largest city in Portugal, is a great place to be if you want to move to this beautiful country. Located in the north, on the banks of the Douro River, Porto will seduce you with its authentic charm and rich cultural heritage.

 

The historic center and its paved and colorful streets are classified as a UNESCO World Heritage Site. You will fall in love with the unique architecture that mixes Romanesque, Gothic, Baroque and Art Nouveau styles. The famous blue azulejos adorn the facades and add an elegant touch.

 

Practically speaking, Porto has everything you need:

• An affordable cost of living compared to other major European cities
• An efficient public transportation system with metro, bus and tram
• A dynamic cultural scene with many museums, theaters and festivals
• A renowned gastronomy and world-famous Port wine

 

To settle down in Porto, it depends on what you need again. For a lively and festive atmosphere go directly to Ribeira which has animated bars at the edge of Douro river. If you prefer calmness and authenticity then choose Miragaia’s neighborhood instead. Trendy shops and restaurants are mostly located in Cedofeita’s hip district. But also remember that Foz do Douro with its beaches is really close if you want more time by the ocean.

Porto is a human-sized city that will seduce you with its Portuguese art of living.

Average property price per m2 in Porto in March 2024: 3.546€/m2

 

Funchal (Madeira)

Located on the south coast of Madeira Island, Funchal is a cosmopolitan and safe city that offers a beautiful living environment. The cobbled streets of the historic center, colorful houses and lush gardens make the beauty of the city.

 

Funchal has more than 500 years of history. First Portuguese overseas colony in the 15th century, the city quickly became a strategic port for ships bound for the Americas or India. Today, it perfectly combines historical charm and modernity.

 

Funchal has a mild climate with average temperatures between 16°C and 25°C all year round. The main asset of the island is its breathtaking landscapes between sea and mountains, a total change of scenery for nature lovers.

In terms of neighborhood, several stand out:

• The old town and its authenticity with the covered market Mercado dos Lavradores
• The modern seaside area of Lido with its lively promenade
• The green heights of Monte, accessible by cable car

 

Although Funchal is not the most lively city for younger partygoers among you, it will satisfy everyone else’s desires to fully enjoy life. Check our article on how to purchase a house in Madeira if you want to know more about this beautiful island.

Average property price per m2 in Funchal in March 2024: 3.260€/m2

 

Azores

The Azores are an archipelago located in the middle of the North Atlantic, about 1500 km from the Portuguese coast. Its 9 volcanic islands offer landscapes as beautiful and different from each other.

 

Although discovered in antiquity by the Carthaginians and Vikings, it was not until the 15th century that the Portuguese took possession of the archipelago and began to colonize it. Today, the Azores have been an autonomous region of Portugal since 1976.

 

Nature is their major advantage, and they know it very well! Thus, 25% of its territory is classified as protected areas. You will find there magnificent panoramas between volcanoes, lakes, waterfalls and coasts. Just like Madeira, nice climate all year round with average temperatures between 16°C and 25°C. But be careful with rain! The weather changes very fast and winter months are not the mildest.

 

The cost of living is very affordable, especially for real estate, which is still growing. It’s also a place where you can easily find a plot of land to build a prefabricated house.

Each island has its own character in this archipelago. São Miguel is definitely a perfect spot to start your journey. It’s the biggest island with a lively capital, Ponta Delgada, which offers plenty of activities for families or young professionals. For retirees who prefer calm places, we would recommend smaller ones like Santa Maria, Graciosa, Corvo or even Terceira with its historic town of Angra do Heroísmo, UNESCO World Heritage Site. Flores and Pico will be heaven for those who love sports or long walks

Average property price per m2 in Ponta Delgada in March 2024: 1.788€/m2

 

Coimbra

Located halfway between the capital city and Porto, this popular city was Portugal’s capital until 1255. Home to the country’s oldest university, founded in 1290, Coimbra’s rich past is reflected in its medieval architecture and emblematic monuments such as the Joanina Library.

 

Coimbra has a lot to offer. As in many parts of the country, the cost of living is affordable. Cultural life is dynamic, with numerous festivals and events. Its singular location between the Mondego river and the hills makes it unique. The Coimbra region also offers beautiful scenery and numerous walks in summer. You’ll find natural springs for bathing and, above all, fewer tourists than in the rest of Portugal.

 

The portuguese city offers opportunities for all profiles. Families will appreciate the peaceful residential neighborhoods of Solum and Celas. Young professionals will find what they’re looking for in the lively center or the trendy Bairro Sousa Pinto. Retirees will find peace and quiet in Santa Clara or São Martinho do Bispo.

Average property price per m2 in Coimbra in March 2024: 1.867€/m2

 

Braga

Braga is situated in Northern Portugal, in the Minho region. This millennium-old city is highly esteemed for its art of living and rich culture. Brage is another major city in Portugal.

 

The ruins of Bracara Augusta that date back to Roman times make this town historically steeped. The historic center, churches and Baroque buildings stand in stark contrast to Braga’s high technological profile. The economic effervescence generated by new technologies has put the city at the forefront of the national and European scene.

 

In terms of neighborhoods, families will thrive in the peaceful districts of Nogueira and Gualtar. Young professionals will appreciate the atmosphere of the city center or the trendy Praça da República. Retirees will find peace and quiet in the São Vicente district or near the Ponte park.

 

With its generous gastronomy and proximity to Porto and the Atlantic beaches, Braga is an ideal city for enjoying the Portuguese way of life to the fullest.

Average property price per m2 in Braga in March 2024: 1.794€/m2

 

Where to live in Portugal for families with children?

Portugal is a great place to live and has become a very popular destination. Especially if you have children. It has a vast variety of cities and coastal cities that’ll fit your needs. If you haven’t figured out where in Portugal to settle down with your family, here’s a list of the best places:

 

• Lisbon: There’s a lot to do in this city. Everywhere is full of culture, parks, and great international schools like St. James’, or United Lisbon International School.
• Cascais: This resort is only 30 minutes from Lisbon. It’s a great place for a quiet family life. The beaches here are beautiful, as well as the parks and peaceful atmosphere that makes foreigners love living here so much. With its good schools and security, it’s not surprising to come across many foreign families.
• Porto: Known as Portugal’s second largest city, Porto boasts stunning architecture and river views that make it special. Another good thing about this place is its value: it’s more affordable than Lisbon.
• Algarve: If you’re looking for sunny days on the beach this region in the south of Portugal might be perfect for you and your family! Breathtaking cliffs, sandy beaches, easy-going lifestyle. Towns like Lagos offer a great living environment, varied activities and renowned international schools.

 

Wherever you decide to settle, Portugal remains a destination of choice for your children, who will grow up happily in this country.

 

Best place to live in Portugal for retirees

Here are the top 4 best places to live in Portugal for retirees in 2024:

• Algarve: As mentioned before, sunny climate, nearby beaches and numerous golf courses make the Algarve the best-known spot for retirement living. The towns of Faro, Lagos and Tavira boast an excellent quality of life, thanks to a high-performance health service and a large expat community. You’ll be able to enjoy outdoor activities all year round.
• Lisbon and surrounding area: Portugal’s capital never ceases to seduce retirees. The city exudes history, culture and entertainment. Nearby Cascais and Estoril are also in demand, still with family friendly beaches and gentle quality of life. You’ll have access to top-quality medical care.
• Porto: The northern region of Portugal are less sunny than the south, but that doesn’t mean it’s any less good. This region is much more affordable in terms of cost of living, and its medical system is renowned for being excellent. Braga and Guimarães will also delight you with their quiet charm.
• Madeira: this island resembles a small subtropical paradise. Its medical infrastructure is of a very high standard, giving you extra security when you need it. There are also plenty of activities you can enjoy, such as hiking, sailing or simply basking in the sun.

 

The most important thing when choosing where to retire in this country is to choose a place where you feel safe and secure.