Finding property for sale in Cascais isn’t hard, as the coastal town in Portugal has many properties to offer. But finding the house for sale that meets all your wishes and needs is something else. Cascais offers many properties, from oceanfront properties and villas to commercial properties for lease and cheap houses. This guide helps you to understand how to buy property in Cascais and use it for long-term property rentals.
Finding a house for sale in Cascais, Portugal
Cascais is a charming town with a rich heritage and stunning ocean views. Unsurprisingly, property for sale in Cascais, Portugal, attracts buyers from all over the world. Whether you want to buy property in Cascais or you’re interested in property for rent in Cascais, there are options for everyone. You can even find repossessed property for sale in Cascais or a stunning oceanfront property in Cascais, Portugal.
Buying property in Cascais in 7 steps
Are you interested in buying property in Cascais? Here are seven steps to guide you.
Step 1: Get the Número de Identificação Fiscal (NIF)
Before buying property in Cascais, you need a Número de Identificação Fiscal (NIF), your fiscal number in Portugal. This number is required for all transactions related to property in Cascais for sale. Once you obtained a NIF, you can continue to open a bank account.
Step 2: Open a bank account in Cascais, Portugal
Next, open a local bank account. This is essential when you’re ready to buy property in Cascais, Portugal. You’ll use this account for property-related transactions, such as paying taxes and fees. Foreign buyers mostly use banks like Millennium BCP, Novo Banco, Banco Santander Totta, Banco BPI, or Caixa Geral de Depósitos.
Step 3: Work with a real estate agent and notary in Cascais
Partner with local professionals. They’ll help you find the best property for sale in Cascais, navigate legal procedures, and understand property prices in Cascais, Portugal. Whether you’re looking for a villa for sale or a commercial property for lease in Cascais, working with a real estate agent in Cascais makes the process easier.
Step 4: Perform due diligence on houses in Cascais
Thoroughly check the property in Cascais you’re interested in. Your real estate agent in Cascais and notary will help ensure everything is in order by verifying ownership, conducting a thorough inspection, ensuring compliance with government regulations, and reviewing all contracts.
Step 5: Sign the initial purchase agreement and pay a deposit
After finding the right property for sale in Cascais, sign the initial purchase agreement (Escritura de Compra e Venda) and pay a deposit, typically 10% or more of the total cost, to secure your chosen property in Cascais.
Step 6: Pay the property taxes and legal fees
Your bank account will come in handy again when it’s time to pay the necessary property taxes and legal fees associated with your chosen house for sale in Cascais. Consider IMT tax and other taxes, like wealth tax, stamp duty tax, annual property tax (IMI), and rent tax.
Step 7: Apply for a residency visa in Cascais
Finally, you can apply for a residency visa after buying property in Cascais. This will allow you to live and enjoy your property in Cascais without worries.
Get help with buying property in Cascais
How can non-EU citizens live in Cascais, Portugal?
What if you’re a non-EU citizen and are buying property in Cascais? Don’t worry! There are two main ways to live in Cascais, Portugal.
1. Golden Visa
The Golden Visa Program is a great way to live in Cascais. It requires an investment in Portuguese real estate (like property for sale in Cascais) of at least €250,000 ($265,000). This is an excellent choice for those who want to live in Cascais and travel freely within the Schengen Area, as this permit grants them the right to live, work, and study in Portugal for up to five years, alongside the benefit of free travel within the Schengen Area.
2. D7 Visa
The D7 Visa is another option. This visa is ideal for those with regular income, such as pensioners. It allows you to live in Portugal and enjoy the benefits of this beautiful country, including renting a property in Cascais, Portugal, or buying your villa in Cascais. You need a steady annual passive income of at least €9,120 ($9,667).
Whether you’re looking for long-term rentals in Cascais, an apartment for sale, or even a cheap property for sale in the Algarve, Portugal has many options. With the help of real estate agents in Cascais, Portugal, your dream home is within reach. Just remember to check out the available options on Booking.com Cascais or Airbnb Cascais to get a feel for the area before deciding.
Property prices in Cascais, Portugal
The average price of an apartment in Cascais is €5,596 ($5,932)/m², with a +11% increase noted over the last year. The average house price for sale in Cascais is €5,890 ($6,243)/m², witnessing a +19% increase over the last year. The following table provides an overview of property prices in Cascais, Portugal.
|Property type||Average price|
|Apartment studio||€714,833 ($757,723)|
|2-Room apartment||€395,000 ($418,700)|
|3-Room apartment||€473,391 ($501,794)|
|4-Room apartment||€779,000 ($825,740)|
|5-Room apartment||€1.13 million ($1.2 million)|
|House with 4 rooms||€901,667 ($955,767)|
|House with 5 rooms||€1.72 million ($1.82 million)|
|House with 6 rooms||€2.05 million ($2.17 million)|
|House with 7 rooms||€2.37 million ($2.52 million)|
|House with 8 rooms||€2.17 million ($2.3 million)|
There is a lot of property to buy in Cascais, which can come at several costs. Although property prices in Cascais tend to be high, you can also find cheap houses.
Top 5 neighborhoods to buy property in Cascais
Cascais, Portugal, is a charming coastal town with luxury villas, stunning oceanfront property, and beautiful apartments. Here are the top five neighborhoods to consider if you’re interested in buying property in Cascais, Portugal.
1. Costa da Guia
Costa da Guia, situated between the heart of Cascais and Guincho Beach, has many popular properties for sale in Cascais, Portugal. Known for its spectacular views and proximity to amenities, it features a mixture of apartments and houses. Residents love strolling along the oceanfront boardwalk, visiting restaurants and boutiques at the historic Casa da Guia, and having easy access to various schools and shops.
2. Quinta da Marinha
If you’re looking for luxury property in Cascais for sale, Quinta da Marinha is the neighborhood for you. Known for its exclusivity and safety, this area has beautiful villas in Cascais, two golf courses, a health club, and an equestrian center. However, this luxury comes with a price, with most houses going for millions of euros.
3. Sao Joao do Estoril
If you prefer ocean views and quick restaurant access, consider buying property in Sao Joao do Estoril. This area is well-connected with a train station providing easy access to Lisbon and Cascais. The region is also known for its beautiful boardwalk and calm waters of Praia da Poca.
Birre is an excellent place to buy property in Cascais if you prefer a suburban feel with a quick commute to the city center. Birre is near the A5 highway leading to Lisbon, shops, restaurants, and the private CUF hospital. Property prices here are lower than in Quinta da Marinha but still provide access to its facilities like the gym and golf courses.
Carcavelos is an excellent place for a property for sale in Cascais, especially if you love beach life and surfing. It offers affordable living options compared to other neighborhoods and is well-connected with its train station.
Property management in Cascais, Portugal
After buying property in Cascais, managing it can be a daunting task. This includes renting a property in Cascais, taking care of maintenance, or preparing the property for your stay. After buying an apartment for sale in Cascais or a villa in Cascais, a property manager can help you maintain the property.
Real estate agents in Cascais
Working with experienced real estate agents in Cascais, Portugal, is essential when buying property in Cascais. They understand the property market, can negotiate the best property prices in Cascais, and guide you through the legal processes. Make sure to choose a reputable real estate agent in Cascais to help you find your dream property for sale in Cascais.
Get help with buying property in Cascais
Frequently Asked Questions (FAQs)
How much does a house cost in Cascais, Portugal?
Property prices in Cascais, Portugal, vary depending on the area and property type. The average cost for a house for sale in Cascais Portugal ranges from €5,596 ($5,932)/m² to €5,890 ($6,243)/m². However, prices can increase for luxury properties or villas in Cascais for sale in exclusive neighborhoods like Quinta da Marinha.
How much is an apartment in Cascais?
The cost of an apartment in Cascais for sale depends on the location, size, and amenities. However, on average, you can expect to pay around €5,596 ($5,932)/m². There are also cheaper options in areas such as Carcavelos, where the average cost is around €3,857 ($4,088)/m².
Where do expats live in Cascais, Portugal?
Expats in Cascais, Portugal, often choose to live in neighborhoods like Costa da Guia, Quinta da Marinha, Sao Joao do Estoril, Birre, and Carcavelos. These areas offer a variety of properties in Cascais for sale, from apartments to villas, and have good connections to amenities, services, and transportation.
How can foreigners buy property in Cascais?
Foreigners can buy property in Cascais, Portugal, by first exploring the property for sale in the Cascais market with the help of real estate agents in Cascais, Portugal. Once they’ve found their desired property in Cascais, they’ll need to obtain a Portuguese fiscal number (NIF) and hire a Portuguese lawyer to help with buying property in Cascais.
Is Cascais a good place to live?
Cascais is a fantastic place to live, offering a high quality of life, beautiful scenery, and a relaxed lifestyle. It’s ideal for buying property in Cascais, Portugal, with its historic charm and modern amenities. There’s something for everyone, from oceanfront properties in Cascais, Portugal, to suburban houses.
Can I rent out my property in Cascais?
Yes, you can rent out your property in Cascais. If you buy a property in Cascais, Portugal, and decide to rent it out, property management services can assist with house rentals in Cascais. Long-term rentals in Cascais are popular, or you could also list your property for rent in Cascais, Portugal, on platforms like Airbnb Cascais and Booking.com Cascais.
How can I buy property in Cascais as a non-EU citizen?
Non-EU citizens can buy property in Cascais, Portugal. The process involves hiring a real estate agent in Cascais, finding a suitable property for sale in Cascais, obtaining a Portuguese NIF, and then finalizing the transaction with a Portuguese lawyer.