Living in a building with history can be a dream for many. But this type of luxury property is only within reach of those with high purchasing power. There are more than 5,000 estates, palaces, and farms for sale in Portugal, with prices starting at 750,000 euros. The good news for families and investors, who for example are looking for business opportunities in tourism or agriculture, is that despite the high cost of these historic properties, prices have dropped at the beginning of 2025, as revealed by the latest data from idealista/data.5,364 properties with history were counted for sale in our country in the first three months of 2025, with prices starting from 750,000 euros, which is an 18% increase compared to the same period last year. The vast majority are indeed estates, representing 79% of the total offering. There are also 870 estates and 236 palaces in the luxury real estate market.Although they are exclusive, the truth is that these three types of historical properties were put up for sale at the beginning of 2025 for lower prices compared to a year ago. The reduction in acquisition costs was most pronounced in the case of palaces (-19%), followed by estates (-16%) and estates (-4%), according to data from idealista/data.

Historic Properties for Sale in Portugal
Median Prices in Q1 2025
Year-on-Year Variation Compared to Q1 2024

Historic Properties Estates (Herdades) Country Houses (Quintas) Palaces
Supply Variation −9% 26% 16%
Demand Variation −3% 1% −56%
Price (euros) 1,680,000 1,300,000 2,850,000
Price Variation −16% −4% −19%

Source: idealista/data
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In addition to the greater number of country houses for sale in Portugal, there is also more interest in this type of property compared to estates or palaces. That is, the average number of contacts per listed quinta is 51% higher than for the other two types of assets. In fact, demand for quintas was the only one that increased over the past year, albeit slightly (+1%), while demand fell by 56% for palaces and 3% for estates.

The lower cost of quintas for sale in the country may help explain this increased demand. At the start of 2025, the median price of quintas was €1.3 million, which is 23% lower than that of an estate (€1.68 million) and 54% lower than the price of a palace (€2.85 million).
Quinta à venda em Portugal

Country House for Sale in Portugal
idealista

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Country Houses for Sale in Portugal: Where Are They and at What Prices?

Those looking to buy a quinta in Portugal will find a wide range of properties available across almost the entire country. Naturally, there are districts with higher concentrations of supply, such as Lisbon, Setúbal, Faro, Porto, and Braga — each with more than 300 quintas on the market. On the other hand, several islands in the Azores — São Miguel, São Jorge, Terceira, and Santa Maria — have fewer than 20 listed properties.

It is also notable that there are 26% more quintas for sale in Portugal in early 2025 compared to a year earlier. In Castelo Branco, Bragança, Beja, Coimbra, and Braga, the number of quintas on the market increased by more than 50%. Santarém was the only district with a representative sample (over 30 listed properties) where a decline in supply was observed.

Among the most sought-after areas to buy quintas, whether by wealthy families or investors, are Setúbal, Leiria, Lisbon, and Faro. Meanwhile, Viseu, Coimbra, and Portalegre were the least attractive districts. The annual trend in demand for quintas was unclear, as it rose in half the territories and fell in the other half, with Leiria recording the largest increase (more than doubled) and Coimbra the largest decrease (-53%).

The same cannot be said about prices. In the vast majority of districts and Portuguese islands analyzed, quintas were listed in early 2025 at significantly lower prices than in the same period the previous year. The sharpest price drops for these properties were seen in Vila Real (-32%) and Lisbon (-20%).

Still, anyone wanting to buy a quinta in Portugal will need to spend at least €1 million (the median price in Bragança, the lowest of all). Aveiro is the district with the most expensive quintas in the country (almost €2 million), followed by Faro and Lisbon, where the median price is around €1.5 million.

Country Houses for Sale in Portugal

Supply and Median Prices in Q1 2025
Year-on-Year Variations Compared to Q1 2024

Listings:

  • Lisbon: 592

  • Porto: 460

  • Faro: 446

Note: Guarda and the Azores Islands lack representative samples
Source: idealista/data
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Estates and Palaces for Sale Are Harder to Find…

The supply of estates and palaces for sale in Portugal is much smaller compared to the number of quintas on the market. It's also much more concentrated in certain regions, with some districts and islands showing limited or no available listings, according to available data.

Although the number of estates on the market fell or remained stable over the past year in the five districts with representative samples (over 30 listings), there are over 100 such properties listed in Setúbal, Faro, Beja, and Évora. In Portalegre, 50 estates were listed at the beginning of the year. Notably, in Lisbon, the number of estates dropped sharply (-44%), falling below 30 listings — the same number as in Porto.

The greatest demand pressure for estates is in areas where they are cheaper: Faro, with a median price of €1.45 million. The least interest was seen in Beja, where estates are among the most expensive, at around €2 million.

Over the past year, there has been a clear downward trend in estate prices in these regions of Portugal, with the largest drop in Faro (-26%) — despite rising costs in Setúbal. A clear decline in demand was also observed for estates: among the five districts analyzed, demand fell in four but soared in Portalegre.

Estates for Sale in Portugal

Supply and Median Prices in Q1 2025
Year-on-Year Variations Compared to Q1 2024

Districts Supply Supply Variation Price (euros) Price Variation Demand Variation
Portugal 870 −9% 1,680,000 −16% −3%
Setúbal 168 −2% 1,800,000 20% −29%
Faro 160 0% 1,450,000 −26% −10%
Beja 158 −10% 1,995,000 −22% −13%
Évora 138 0% 1,900,000 −14% −47%
Portalegre 50 −38% 3,250,000 0% 151%

Districts with 30 or more properties for sale
Source: idealista/data
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Palaces for Sale in Portugal: A Niche Market

Palaces for sale in Portugal represent the smallest market segment, with only 236 such properties listed nationwide in early 2025. Only two districts had 30 or more palaces available: Lisbon and Porto.

Demand for palaces has fallen significantly both nationally (-56%) and in these two regions (-82% in Porto and -31% in the capital). However, palaces listed in Lisbon attract far more buyers than those located in Porto — with a significantly higher average number of contacts per listing.

The drop in interest for palaces for sale in Portugal, along with a 16% annual increase in supply, may help explain the decline in their prices nationwide over the past year (-19%). Even so, palaces remain very expensive — particularly in Lisbon, where the median price stands at €7.5 million. In Porto, palace prices doubled over the past year to €3.2 million.

Palaces for Sale in Portugal

Supply and Median Prices in Q1 2025
Year-on-Year Variations Compared to Q1 2024

Districts/Islands Portugal Lisbon Porto
Supply 236 66 30
Supply Variation 16% −25% 25%
Price (euros) 2,850,000 7,500,000 3,200,000
Price Variation −19% 1% 100%
Demand Variation −56% −31% −82%

Districts with 30 or more listed properties
Source: idealista/data
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Methodology

This analysis uses data from idealista/data regarding the supply, demand, and median prices of estates (herdades), country houses (quintas), and palaces listed for sale in Portugal during the first quarter of 2025, for properties priced above €750,000. In the regional breakdown, only districts and islands with at least 30 properties on the market during this period were considered. Year-on-year variations in supply, demand, and prices are based on data from Q1 2025 compared to Q1 2024.