In 2026, Caldas da Rainha property prices average €2,262/m² in Portugal, up +19.2% year-on-year. A spa town on the Silver Coast 90 km from Lisbon, Caldas offers an exceptional quality of life at very competitive prices. Buy, sell or value your property with Tagus Property experts.
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Caldas da Rainha is a lively spa town on Portugal’s Silver Coast, 90 km from Lisbon and minutes from the beaches of Foz do Arelho and the Óbidos lagoon. In 2026, the market stands at €2,262/m² with +19.2% growth year-on-year, the strongest rise on the entire Silver Coast, confirming the growing appeal of this high-potential provincial town.
February 2026 estimate
Purchase price information for a house or apartment in Caldas da Rainha, both resale and new build.
Average property prices per m² in Caldas da Rainha:
The average price of an apartment for sale in Caldas da Rainha is €2,750/m², across all conditions (new build, renovated and to-renovate).
The average price of a house or villa for sale in Caldas da Rainha is €2,100/m², across all conditions (new build, renovated and to-renovate).
Property prices in Caldas da Rainha are among the most attractive in Portugal for a provincial town under an hour from Lisbon. To buy property in Caldas da Rainha, expect around €2,262/m² for quality properties. Caldas da Rainha can be considered an excellent investment option in Portugal for a primary residence or for retirement. An active urban-renewal market, Caldas da Rainha offers many apartments and houses to renovate at still-very-accessible prices.
| Location | Property type | Condition | Average monthly rent/m² |
| Caldas da Rainha | Apartment | Good condition / New / Renovated | €9 |
| Caldas da Rainha | House / Villa | Good condition / New / Renovated | €9 |
Average long-term rental prices (excluding seasonal rentals)
In 2026, Caldas da Rainha records the strongest annual growth on the entire Silver Coast at +19.2%, bringing the average price to €2,262/m². This remarkable performance reflects the town’s discovery by a new wave of buyers drawn by its still-competitive prices, its spa-town quality of life, and its proximity to the Óbidos lagoon and the beaches of Foz do Arelho. The market remains very accessible and offers strong appreciation potential for investors.
| Caldas da Rainha | February 2026 data |
| Average price per m² | €2,262/m² |
| Apartment prices | ~€2,750/m² |
| House prices | ~€2,100/m² |
| Annual change | +19.2% |
| Average rent | €9/m²/month |
| Gross rental yield | ~4.8% |
Annual average sale price evolution for Caldas da Rainha real estate
| Year | Avg price/m² | Annual change | Market context |
|---|---|---|---|
| 2026 | €2,262/m² | +19.2% 📈 | February: strongest rise on the Silver Coast, strong inbound demand |
| 2025 | €1,897/m² | +5.4% | Acceleration, growing appeal for first-time buyers and retirees |
| 2024 | €1,800/m² | +5.9% | Gradual rise, market still undervalued versus its neighbors |
| 2023 | €1,700/m² | +9.7% | Market discovered by French and Belgian buyers |
| 2022 | €1,550/m² | +14.8% | Post-COVID boom, demand for primary residences outside big cities |
| 2021 | €1,350/m² | +12.5% | Remote work: interest in accessible provincial towns |
| 2020 | €1,200/m² | +9.1% | COVID-19: search for quality of life and space |
| 2019 | €1,100/m² | +15.8% | Spillover effect from Portugal’s general rise |
| 2018 | €950/m² | +18.8% | 📈 Start of pressure, proximity to Óbidos and Foz do Arelho valued |
| 2017 | €800/m² | +9.6% | Start of the national rise, Caldas still very affordable |
| 2016 | €730/m² | +4.3% | Stable local market, low external appeal |
| 2015 | €700/m² | ref. | Reference year |
Prices across all conditions: total growth +223.1% (2015-2026)
Annual average long-term rental price evolution in Caldas da Rainha
| Year | Avg price/m² | Annual change | Market context |
|---|---|---|---|
| 2026 | €9/m² | stable | February: stable rents, rental market in absorption phase |
| 2025 | €9/m² | 0% | Plateau, rental supply slightly up |
| 2024 | €9/m² | +12.5% | 📈 Strong rise, pressure on small units in the town center |
| 2023 | €8/m² | 0% | Stabilization after a period of strong demand |
| 2022 | €8/m² | +14.3% | Rental market under pressure, influx of residents from Lisbon |
| 2021 | €7/m² | +16.7% | Remote work: surge in rental demand in provincial towns |
| 2020 | €6/m² | 0% | COVID-19: stable rents |
| 2019 | €6/m² | +20.0% | 📈 Boom: rapid rise, start of rental pressure |
| 2018 | €5/m² | 0% | Rental market still under little pressure |
| 2017 | €5/m² | +25.0% | Start of pressure on rents |
| 2016 | €4/m² | 0% | Stable local rental market |
| 2015 | €4/m² | ref. | Reference year |
Prices across all conditions: total growth +125% (2015-2026)
In 2026, Caldas da Rainha has the profile of a fast-accelerating market: +19.2% annually, the strongest progression on the Silver Coast, on a still-very-accessible base price (€2,262/m²). The gross rental yield of 4.8% (€9/m² rent for a €2,262/m² purchase) remains very competitive, with significant room for rent growth as the town continues to attract new residents.
Drawing on our analysis of the Caldas da Rainha real estate market, our command of the region’s specifics, and an excellent knowledge of its neighborhoods, TAGUS PROPERTY brings you the best investment opportunities in the Caldas da Rainha region. With +19.2% growth in 2026 and still-very-accessible prices at €2,262/m², Caldas da Rainha is today one of the most dynamic destinations on the entire Silver Coast.
Hospitality, health, tradition, creativity. The town of Caldas da Rainha is a hidden treasure where you’ll want to take refuge. Discover its charms!
As Ramalho Ortigão wrote: “Caldas da Rainha is the center of the most historic and picturesque region in the country.”
Founded by Queen Dona Leonor in 1495, the town grew around the Thermal Hospital which, after five centuries of existence, still welcomes hundreds of visitors each year who treat their ailments and rest in these baths.
Its hardworking, hospitable inhabitants, living mainly from agriculture, the ceramics industry, and trade, offer visitors the warmth of their welcome and their five centuries of history, full of noble and great events.
In the municipality, the appetite is whetted by a cuisine closely tied to the Atlantic, with fish and seafood as the main specialties, along with Aguardente da Lourinhã, renowned for its superior quality.
You’ll enjoy Caldas da Rainha and its seafront, the beaches of Salir do Porto and Foz do Arelho. The latter, favored by its nature, appearing between the Óbidos lagoon and the sea, becomes the ideal place for water sports and fishing.
Unlike the coast, Caldas has rural landscapes, steeped in history and rich in trees, where prosperous fruit and vegetable farming supplies the traditional fruit market daily.
The landscape is divided between the green of the fields and the blue of the sea, well represented by the cosmopolitan beach of Foz do Arelho.
Caldas da Rainha is a lively, vibrant town in the Leiria region, located on the Silver Coast, in the heart of Estremadura. It has become a popular tourist destination and a much-appreciated place for a second home. Its location, just 8 km from some of the region’s best beaches and 1 hour from Lisbon, makes it the ideal place to settle and explore the surrounding medieval and fishing villages.
This spa town, renowned for its sulphurous waters suited to treating skin and bone conditions, offers not only magnificent rural tourism houses but also excellent opportunities for shopping and water sports: hot-air balloon rides, hang-gliding, windsurfing, jet ski.
Discover the Caldas da Rainha fruit and vegetable market, one of the most renowned in Portugal. A colorful market on a small square surrounded by equally colorful houses. The local must-try specialty: the pear, or “pera rocha.”
Stroll through Dom Carlos I Park. This park was redesigned in the late 19th century to serve as a promenade for patients of the thermal hospital. Weeping willows, palm trees, flowers, lawns, statues, and water features lend it charm and freshness.
This faience factory, founded in 1884, is still in operation. In the adjoining shop, you can buy some old faience models still made with the original molds, or more recent pieces of the same inspiration.
To buy property in Caldas da Rainha, expect between €1,500 and €2,750/m² for renovated or new-build properties. Properties to renovate start around €1,000/m², offering excellent opportunities in a market undergoing active urban transformation.
Well-located 2- to 4-bedroom (T2 to T4) apartments in the town center, near the market, Dom Carlos I Park, and shops, command the highest prices. New-build programs and recent renovations attract first-time buyers and rental investors. Gross rental yield: 4.5% to 5.5%.
3- to 5-bedroom (T3 to T5) houses with gardens in Caldas da Rainha’s residential neighborhoods are highly prized by foreign retirees and families. At around €2,100/m² on average, they represent one of the best opportunities in the entire region to acquire a large house at a reasonable price.
Caldas da Rainha is one of the few markets where it is still possible to find properties to renovate at very accessible prices. The ongoing urban-renewal program and the many early-20th-century buildings represent strong appreciation potential for buyers wishing to personalize their purchase.
Just 8 km from the center, properties near the Óbidos lagoon and the municipality’s beaches enjoy a strong seaside premium. Foz do Arelho (€3,325/m²) is accessible in a few minutes, offering highly profitable seasonal rental opportunities.
Caldas da Rainha is an excellent option for a real estate investment in Portugal. If you’re looking for a provincial town an hour from Lisbon for your future primary residence (IFICI status, retirement) or for a rental investment, Caldas da Rainha offers very attractive opportunities at still-very-affordable prices, with the highest appreciation potential on the entire Silver Coast in 2026.
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Q1. What is the average property price per m² in Caldas da Rainha in 2026?
The average price in Caldas da Rainha is €2,262/m² in February 2026, with around €2,750/m² for apartments and €2,100/m² for houses. Properties to renovate start around €1,000/m², and coastal properties in Foz do Arelho (8 km) can exceed €3,000/m².
Q2. Why does Caldas da Rainha show the strongest growth on the Silver Coast?
At +19.2% annually, Caldas da Rainha benefits from a catch-up phenomenon: its prices were well below neighboring markets like Nazaré (€3,052/m²) or Óbidos (€2,932/m²). The combination of a unique spa-town quality of life, a strategic location, and access to Lisbon in under an hour has triggered strong interest from French, Belgian, and Portuguese buyers seeking affordable primary residences.
Q3. Is Caldas da Rainha still an accessible market?
Yes. Despite strong growth of +19.2%, €2,262/m² remains one of the most accessible prices on the Silver Coast. By comparison, Ericeira stands at €3,355/m² and Nazaré at €3,052/m². For a 100 m² property, the price gap with Nazaré represents savings of nearly €80,000.
Q4. What is the rental yield in Caldas da Rainha?
With an average rent of €9/m²/month and a purchase price of €2,262/m², gross long-term rental yield reaches 4.8%. Properties to renovate bought at low prices can generate yields of 6% to 8% once renovated. Coastal apartments in the municipality (Foz do Arelho, Salir do Porto) offer even higher seasonal yields.
Q5. Is Caldas da Rainha a good place to retire?
Yes, Caldas da Rainha is highly popular for retirement. A spa town founded in 1495 with a thermal hospital active for five centuries, it offers quality healthcare, a lively social scene, a renowned traditional market, 13 beaches less than 20 minutes away, and Óbidos 10 km away. The IFICI tax status (formerly NHR) may apply for advantageous taxation of foreign income.
Q6. What acquisition costs should I plan for when buying in Caldas da Rainha?
Plan for 7% to 10% of the purchase price in associated costs: IMT (0% to 8% depending on value), Imposto do Selo (stamp duty 0.8%), notary, registration, and lawyer. For a €226,200 property (100 m² at €2,262/m²), expect between €15,800 and €22,600 in acquisition costs. Contact our experts for a personalized simulation.
Q7. Can Tagus Property support me with a purchase in Caldas da Rainha?
Absolutely. Tagus Property supports buyers across Caldas da Rainha and the entire Silver Coast. Our team guides you from defining your project through to signing with the notary: selection, viewings, negotiation, legal and tax coordination. Tell us about your project and we’ll propose the best available opportunities.
| Destination | Characteristics | Average price February 2026 |
| Óbidos | Listed medieval village, prestige, strong growth (+26.5%) | €2,932/m² |
| Foz do Arelho | Óbidos lagoon, beaches, water sports, premium seaside | €3,325/m² (+5.2%) |
| Peniche | World surf, UNESCO Berlengas, seaside lifestyle | €2,413/m² (+13.9%) |
| Nazaré | Giant waves, authenticity, renowned cuisine | €3,052/m² (+11.5%) |
| Torres Vedras | Wine capital, beaches, hospital, train station | €2,297/m² (+14.5%) |
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Sought-after areas prized for their charm, amenities and everyday quality of life.
Lively town: a balanced residential market with local life and services all year round.
Lagoon & ocean: second homes and properties with strong seaside appeal.
A selection of coastal destinations ideal for a second home and rental investment.
Family-friendly bay: beachfront apartments, a relaxed lifestyle and a stable market.
World-famous destination: surfing, strong tourism potential and global visibility.
Coastal lifestyle: a dynamic market driven by surfing, the sea and leisure investment.
Strategic areas combining easy access to Lisbon, residential comfort and a refined way of life.
Strategic hub: a solid, well-located real estate market between the Silver Coast and Lisbon.
Signature destination: an upscale seaside village, highly sought after for a primary or second home.
Quality residential living: family homes, villas and a privileged setting close to Ericeira.
Unspoiled coast: wild beaches, an authentic natural setting and an accessible residential market.
Cliffs & surf: a stunning beach full of character, easy living, strong seaside appeal and close to Lisbon.
Lagoon & Atlantic: a quiet beach between Óbidos and the ocean, ideal for a second home.
Tagus Property guides you through finding, buying and selling a property on the Silver Coast, whether it is an apartment, a house, an estate or a prestige property.
