Estoril Portugal Real Estate: Elegant Living on the Portuguese Riviera

Are you seeking tranquility, elegance, and sandy beaches? If so, then Estoril, located on the Portuguese Riviera, could be the place for you. Close to Cascais and just a 30-minute drive to Lisbon, you are perfectly placed to enjoy the perks that come with embracing a coastal lifestyle while still being in striking distance of the bright lights of Portugal’s capital.

In this Estoril Portugal real estate guide, we’ll provide you with everything you need to know about this charming town, from an overview of the area through to investment potential and lifestyle benefits.

An Overview of Estoril

Estoril is a unique town highly sought-after by foreign buyers, not least for its lifestyle appeal and stunning properties that you’ll be able to find here. Over the years, Estoril has been the home of Portuguese royalty and numerous celebrities who have been drawn to its high quality of life and high-profile events, such as the Lisbon & Estoril Film Festival, the Estoril Open tennis tournament, and the Estoril Grand Prix.

There are also several famous hotels and fine-dining restaurants here, including the Hotel Palácio Estoril, where Ian Fleming, who famously penned the James Bond novels, could once be found seeking inspiration while nursing a martini. Neighboring the popular seaside town of Cascais to the west, living in Estoril is, for many, the ultimate lifestyle experience in Portugal.

Estoril Real Estate Market: An Overview

The Portuguese real estate market has been moving from strength to strength over the years and shows no signs of slowing down. When it comes to real estate in Estoril Portugal, you will find lavish properties, including luxury villas and modern apartments. Many come with private pools, stunning sea views, and state-of-the-art security systems, making Estoril highly favored for those looking for quiet, secluded, lavish properties close to stunning beaches and all the high-end amenities and services they could possibly want.

For lifestyle buyers, there are 11 golf courses in Estoril, fine dining options, tennis and badminton clubs, the famous Estoril Casino, and more besides. For keen horse riders, you will also find equestrian clubs and the beautiful Cascais Sintra Natural Park is also on your doorstep, where you can enjoy hiking throughout the year.

One of the biggest selling points to Estoril is its close proximity to Lisbon, where you can enjoy the best of both worlds, the vibrant city life and the quiet calm of living beside the ocean.

Real Estate Estoril: Property Prices

Property prices in Estoril are amongst the highest in Portugal, along with Cascais real estate, with the average asking price for property in 2023 standing at €7,330 for Cascais and Estoril. Note that this is the asking price and the sales price, in many situations, can be significantly lower than this, particularly if you seek the assistance of a buyer’s agent who can negotiate the best price on your behalf.

Luxury properties will obviously be on the higher spectrum, with properties that come with a private pool and gym, tennis court, and other features boosting the price, along with those situated in a more central location. Generally, as you move further away from the coast, prices will drop.

Investment Potential 

Rental yields in Cascais and Estoril stand at 4.7 percent, meaning that you will be able to secure a nice return on your investment. Plus, properties here continue to increase in value, so should you choose to sell in the future, you will likely make a significant profit.

As one of the most highly sought-after postcodes that has been luring the world’s most rich and famous to its shores for decades, investing in property in Estoril can be a smart investment.

Lifestyle in Estoril

It’s not difficult to see why the Estoril lifestyle has attracted so many foreign buyers, celebrities, and locals over the years. With a warm climate with hot summers and mild winters, you can live an active lifestyle here throughout the year.  

Below, we provide you with some key reasons why Estoril should be firmly on your radar should you be looking to invest or move to this unique part of Portugal.  

• Stunning properties: The real estate market in Estoril features some incredible properties, whether you are seeking a spacious house or a modern apartment on the top floor with outrageous ocean views. As we’ve mentioned, properties are likely to increase in value over time, meaning that buying property here is also a smart move from an investment perspective.  
• Beautiful beaches: Estoril is home to some very special beaches, such as Praia do Tamariz, Praia de Conceição, Praia da Poça, and Praia de Rata. Each is well worth a visit and, given the mild climate, can be enjoyed throughout the year. 
• World-class golf courses: There are 11 excellent golf courses in Estoril, with many more in the surrounding area. For keen golfers, this easy access to some of the finest golf courses in Europe is nothing short of a dream.  
• Fine dining: The restaurant scene in Estoril and neighboring Cascais is excellent, with a strong focus on seafood, as you could expect. You will find a handful of innovative Michelin-starred restaurants in this part of the country, including Kappo, a Japanese restaurant whose name translates as “to cut and cook” in Japanese, and Porto Santa Maria, where fresh seafood is lovingly embraced and cooked to perfection.  
• Cascais Sintra Natural Park: The stunning Cascais Sintra Natural Park is home to the colorful Pena Palace and the dramatic Castle of the Moors. Living here means you’ll be able to hike in the natural park every weekend, coming across hidden beaches that line the Atlantic Coast and panoramic views from the Sintra mountain.  
• Prestigious events and music events: From the Estoril Open tennis tournament to the Grand Prix Estoril, there are many flashy events taking place throughout the year. The music scene has also long been flourishing here, with top international stars performing in Cascais.  
• Watersports galore: The long stretch of coastline on the Portuguese Riviera translates to being out on the water. Activities include kayaking, paddle boarding, and surfing, with Carcavelos and Praia do Guincho being excellent surf spots that are not too far away.  

Practical Information on Estoril

Estoril boasts a high quality of life that has seen many foreign buyers snap up property here. But, should you be seeking to relocate to this charming resort town, perhaps with family, what are the practical aspects of moving? Below, we share some key insights.

International schools in Estoril

Should you be considering moving to Portugal with children, then you won’t have to worry about a lack of schooling options. There are 13 international schools in the Cascais and Estoril area, with a further 7 in the Greater Lisbon Area. You will find a wide range of curricula, languages, and teaching styles.

Healthcare in Estoril

There are excellent healthcare facilities in Estoril and Cascais, with several top-quality private healthcare clinics. While public healthcare is generally very good and available to all residents for a minimal cost, many foreign buyers opt for private healthcare to access shorter waiting times and due to the fact that private healthcare is very affordable in Portugal compared with the USA and other Western European countries. Medical staff also generally speak better English in private clinics.

Transport in Estoril

Estoril benefits from a good connection to Lisbon through its fast train service on the Lisbon-Cascais train line. Alongside this, you’ll find an extensive bus service, plus taxis are quite reasonably priced. To get to more secluded spots, such as beaches in Sintra, we recommend having a car with you. Plus, you’ll be able to drive from Estoril to Lisbon in around 30 minutes, depending on the traffic.

Climate in Estoril

As we’ve mentioned, Estoril is blessed with a mild climate. The hottest month is August, where the average temperature is around 24 Degrees C (74 Degrees F), while January is the coldest month, where the average temperature is around 12 Degrees C (53 Degrees F).

However, it is possible to enjoy the great outdoors for much of the year, as even in the depths of winter, you’ll find sunny days where you can head to the beach.

Why choose Estoril? 

Is Estoril the place for you to find your new home or investment property? Well, many luxury lifestyle buyers have been snapping up property here for years, and you could join them. Whether you are a family looking for a quiet spot that provides you with the perfect blend of beach and city life while being close to some of the best schools in the country or a retiree looking to enjoy your golden years in style, Estoril holds all the cards.

Likewise, for property investors, there is strong potential to secure a nice return on your investment – particularly because the demand for luxury properties has been booming in recent years, planting Portugal as one of the best markets for high-end properties in Europe.

Goldcrest: How We Can Help You 

Goldcrest is a buyer’s agent that is based in Lisbon. We provide expert, impartial advice on real estate investments and how to buy property in Portugal. From scouting out the perfect property through to property acquisition, we have you covered throughout the process.

If you are looking to purchase property in Portugal, don’t hesitate to get in touch. Our team of skilled experts is available to solve all your real estate doubts, helping you with the property search and offering insightful expertise and strategic advice.

Why choose Goldcrest?

• Local knowledge: With offices located across Portugal, our presence nationwide allows us to assist you personally across the country.
• Independent service: As an independent buying agent, we do not represent any development or project. Our service is entirely tailored toward each individual client, providing you with everything you need to secure the perfect property at the best possible price. As an impartial advisor on the market, we work solely on behalf of our client and provide a service tailored to your needs and requirements.
• Streamlined process: Our real estate agents speak English and Portuguese, and our service is completely focused on providing you with a hassle-free buying experience, saving you time.
• Experienced team: Our expert real estate team has a vast local knowledge of the Portuguese property market. We have cutting-edge technology and metasearch tools at your disposal to provide full market coverage, ensuring the best investment choices and negotiated prices.
• Network of partners: We have a close network of partners, including lawyers, property management services, builders, architects, designers, and landscape gardeners, again saving you time and hassle by providing you with trusted experts in their field of work.