The Loulé housing market report summarises key trends in Loulé’s housing market in the Algarve. The analysis covers house prices and new developments. The report primarily draws on publicly available datasets. The Loulé housing market (houses, villas, apartments) report is updated regularly.
Property prices in Loulé – Algarve Region – Portugal
Buying prices per m2 in Loulé in 2020 ~ 2,900€ to 3,200€
Loulé is 12 kilometres from the coast line of the “Golden Triangle”, an area that includes the luxury complexes of Vale do Lobo, Quinta do Lago and the village of Almancil. Loulé is a lively commercial city that retains its traditional charm and reputation as the Algarve’s arts and crafts capital, despite its commercial development.
The city centre is steeped in history. Its castle dates from the 13th century and was built on a site originally occupied by the Romans. Its main church, the mother church of São Clemente, which also dates back to the 13th century, was built in place of an old mosque.
The Loulé municipal market is an astonishing building and an excellent example of classical moorish architecture. It reopened in early 2007 after extensive renovation work.
A traditional Algarve combined with a modern lifestyle
Easy access to excellent road and rail networks
Close to world-class golf courses
A wide range of recreational activities for all ages, including art galleries, swimming pools and gymnasiums
A huge variety of restaurants and bars with international cuisine
Traditional markets, several supermarkets, banks, pharmacies, local health centres and other amenities
A major shopping centre a short drive away
Lots of leisure activities for children in Loulé and its surroundings, including the Roma mini-golf course in Vilamoura, the Aquashow water park near Quarteira and the famous Zoomarine in Albufeira
Several Michelin-starred restaurants in the region: The “Ocean” in Armaçao de Pêra / Porches, the restaurant of Vila Joya Resort, in Gale, near Albufeira, the “Gusto” in Almancil, “Henrique Leis” in Almancil, the “São Gabriel” in Almancil and the “Willie’s” in Vilamoura.
More than 300 days of sunshine per year
17km from Faro Airport (20 minutes drive)
Only 10 minutes by car from the village of Almancil, which is part of the “Golden Triangle”
Loulé is located between Vilamoura and Faro in the Algarve
A wide range of properties for sale in Loulé
Contrasting with the long tree lined avenue that crosses the city, Loulé is a labyrinth of narrow alleys full of small buildings.
Loulé offers a wide variety of real estate for sale. From new two-bedroom apartments with all the modern facilities, close to the city’s bars and restaurants, to villas and rustic houses, not to mention building plots and fantastic villas located on the side of peaceful hills, many of them with breathtaking views over the sea.
Many activities in Loulé and its surroundings
Take a walk on the cobbled streets of Loulé and you will understand why it is known as the craft capital of Algarve. Local crafts include ceramics, brass and leather pieces, embroidered bed and table linen, lace and bedspreads, which can be purchased on Saturdays at the colourful gypsy market, which attracts locals and tourists. Don’t miss the annual craft market in July, where you can enjoy the music and festive atmosphere as you stroll through the streets where the region’s craft and food stalls follow one another.
Loulé’s gastronomic options
If you like to eat out, you will have plenty of options in Loulé. The city and its surroundings abound in international gourmet restaurants, but also in Portuguese restaurants that combine the flavours of the sea with those of the mountains. Among the region’s tasty dishes are sardines and seafood, as well as rabbit and pork specialities, typical of the rural areas.
The municipal market is part of Loulé’s daily life. Open from Monday to Saturday, this lively market offers an excellent choice of fresh fruit, vegetables, fish and regional sweets. The city also has modern shops and the Algarve, one of the largest shopping centres in the region, is located nearby in Guia.
Keeping in shape in Loulé
Do you like keeping in shape? Loulé has its own gym and swimming pools. The sports complex has a 50-metre Olympic open-air swimming pool and a 25-metre indoor swimming pool, open to the public all year round. The outdoor pool has a semi-permanent roof that is installed during the winter months.
Twenty minutes by car will take you to the Algarve’s “Golden Triangle”, where you can enjoy the golden sandy beaches and several top-notch restaurants and bars, among other amenities, such as internationally renowned golf courses or a series of indoor and outdoor activities.
A word from the real estate expert in Loulé
«If you are looking for a location with easy access, combining traditional Algarve with modern lifestyle, Loulé is probably the best place to start looking for the house of your dreams.»
Average price per m2 in Loulé: ~2,900€ à 3,200€
Real estate market conditions in Loulé
A luxury villa or a luxury apartment in Loulé can cost between 1 million and 20 million euros. The average purchase price for a villa in Loulé is around 3 200€ / m². The average price for an apartment in Loulé is around 2 900€ / m².
If you are looking for a seaside house in the Loulé region, a luxury villa or a top-of-the-range apartment, you will pay around 3 700€ per m². And for a luxury house or villa with a sea view, around 4 100€ per m².
Information on the purchase prices for an apartment or house / villa in Loulé. Average real estate prices per m2.
Location: Loulé Algarve Region – Southern tip of Portugal
Property type: Renovated apartment / Villa – House
House: cheapest average selling price (including agency fee): 3,200€/m2
Apartment: cheapest average selling price (including agency fee): 2,900€/m2
Living in Loulé
Best golf courses:
Penina (Henry Cotton Championship Course)
Vale do Lobo Golf Course
Quinta do Lago Golf Course
São Lourenço Golf Course
Salgado Golf Course
Some beaches in Loulé:
Praia de Loulé Velho
Praia de Vale do Lobo
Praia do Garrão
Praia do Ancão
Praia da Quinta do Lago
Loulé villa with sea view
Loulé house near golf course
Loulé contemporary villa with pool
Loulé modern villa with pool
Loulé house with swimming pool
Loulé Traditional villa
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