The Lagos housing market report summarises key trends in Lagos’s housing market in the Algarve. The analysis covers house prices and new developments. The report primarily draws on publicly available datasets. The Lagos housing market (houses, villas, apartments) report is updated regularly.
Property prices in Lagos – Algarve Region – Portugal
Buying prices per m2 in Lagos in 2020 ~ 2,900€ to 3,700€
Despite a rather dark history, Lagos is an extraordinary city in western Algarve. It was once the centre of Europe’s slave market. Indeed, the first European market of this kind took place in this city in 1444. The slaves were brought back from North Africa and sold at the market, under the arcades of the former city Customs building. The building now houses an art gallery.
Lagos is a fantastic choice of city to become an owner.
Lagos is actually a city for people of all ages. It developed a very tasteful tourist offer while keeping its historical charm.
The city centre of Lagos, with its cosmopolitan atmosphere, elegant shops, terraces, magnificent beaches and cobbled streets, is one of the most popular tourist destinations in the Algarve and one of the most visited cities in this region and Portugal. Indeed, in 2012 Lagos came to the top of the TripAdvisor travel site’s ranking of “15 world tourist destinations on the rise”.
This city has a maritime history dating more than 2000 years. Old Lagos is surrounded by walls that were built in the 16th century. Near Batata beach, Ponta da Bandeira Fort is part of the 17th century fortifications built to protect the city. Extra-muros stands the oldest church in the Algarve, the church of São João Batista, built in 1174.
In Lagos and its surroundings you will find old rural houses and luxurious villas with large swimming pools, not to mention magnificent modern apartments close to the beach, restaurants, shops and other amenities and services. Lagos also offers many buildings and properties for sale for commercial purposes.
If you want to enjoy the best of both worlds – a quiet and secluded location, a short drive from the hustle and bustle of Lagos and the sublime beaches of the coast – you should look among the many properties for sale in the villages to the east of the town, such as Odiáxere and Monte de Funchal.
More than 300 days of sunshine per year
Approximately 31,000 inhabitants
90 km from Faro Airport (1 hour by car)
By the sea
Lagos is located in the centre of the Algarve region in southern Portugal
Life is good in Lagos
Go to the Piedade bridge and admire the spectacular view of Lagos Bay and the Serra de Monchique in the background. Or relax on Meia Praia’s 4km golden sandy beach and enjoy a coffee or ice-cold beer in one of the many beach bars (some of which are open all year round).
With more than 450 moorings, Lagos marina also has several shops, bars and restaurants. If you prefer to cook at home instead, you can buy fresh fish, caught the same day, at the fishing port. The city has a large daily three-storey fresh produce market. Lagos and its surroundings also offer several well-stocked supermarkets.
Late afternoon, stroll through the cobbled streets of Lagos to Gil Eanes Square, a quadrangular space in the heart of the city centre. This square is often the scene of street entertainment with musicians, comedians and magicians. Stroll through the streets until you leave Gil Eanes Square and you will discover a wealth of bars and restaurants where all tastes will be satisfied. You can choose from Italian, Chinese, Indian, Thai, Mediterranean and, of course, between many Portuguese restaurants where traditional dishes and fresh fish are a temptation.
A word from the real estate expert in Lagos
«Buying a property in Lagos is a good investment given its popularity, Lagos real estate is a good investment and offers good rental potential. They are probably among the cheapest properties on the Algarve coast and there is no shortage of old and new buildings to choose from in the city and in the surrounding villages, such as Luz, Burgau and Almadena»
Average price per m2 in Lagos: ~2,900€ à 3,700€
Lagos: real estate market conditions
Information on the purchase prices for an apartment or house / villa in Lagos. Average real estate prices per m2.
Location: Lagos Algarve Region – Southern tip of Portugal
Property type: Renovated apartment / Villa – House
House: cheapest average selling price (including agency fee): 2,900€/m2
Apartment: cheapest average selling price (including agency fee): 3,700€/m2
Living in Lagos
Best golf courses:
Espiche near Barão de São João
Some beaches in Lagos:
Praia da Batata
Praias da Costa D’Oiro
Praia do Pinhão
Praia da Dona Ana
Praia do Camilo
Praia dos Pinheiros
Ponta da Piedade
Praia do Porto de Mós
Praia da Luz
Seaside apartment in Lagos
Buy apartment in Lagos
Buy house in Lagos
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