Not only new homes make up the luxury real estate market. Rehabilitation can be the path to a dream home, and there are truly premium properties in Portugal waiting to gain a new owner and a new life. Some require partial renovations, while others must undergo a full recovery process to revive the charm and refinement they once had, adapted to the tastes and needs of those who now wish to live in or invest in them. The latest data from idealista reveal that the supply of luxury homes to buy and rehabilitate in Portugal more than doubled over the past year. This means that high-net-worth families and investors now have a wider range of premium properties with value appreciation potential than they did a year ago.
In the last quarter ending in October, more than 1,000 luxury homes for sale requiring rehabilitation were recorded in Portugal, a supply that more than doubled compared to the same period of the previous year. However, these properties in need of renovation, which are for sale in the country for more than one million euros, vary in typology, location and state of maintenance, and may require anything from minor refurbishment works to deeper rehabilitation projects.
At first glance, it is clear that the vast majority of these premium homes in need of renovation in the country are houses (almost 80% of the total). High-end apartments are fewer in number, with just over 200 available to buy and remodel. What the analysis of idealista/data also shows is that both the stock of houses and apartments more than doubled over the past year — with particular emphasis on apartments, which almost tripled.
This strong growth in the supply of premium homes for sale and renovation ended up reducing demand pressure at national level by around 30% for both typologies. In other words, wealthy families and investors continue to be interested in this type of luxury property, but today demand is more evenly spread across the larger existing supply.
The effects of this premium market dynamic on housing prices were different. While luxury houses in need of renovation maintained the national median cost at 1,700,000 euros over the past year, luxury apartments saw prices increase by around 7% to 1,500,000 euros.
Luxury homes for sale and renovation in Portugal
Data from the last quarter ending in October (euros/m²)
Changes between the last quarter ending in October and the same period of the previous year (%)
Apartments | Houses
Demand variation: −35% | −33%
Supply (number): 216 | 842
Supply variation: 192% | 135%
Median price (euros): 1,500,000 | 1,700,000
Price variation: 7% | 0%
Source: idealista/data
Where are there more luxury homes to renovate in Portugal?
Those looking for luxury houses to renovate in Portugal today have far more options to choose from than a year ago, since the stock has grown not only at national level but also across districts and islands. In Faro and on the island of Madeira, the supply of this type of property quadrupled, while in the Lisbon district it doubled and in Porto it grew by 33%.
Even so, the representative supply of premium houses for sale with value appreciation potential through rehabilitation is distributed across only eight districts and islands. Lisbon has the largest supply (321 properties), followed by Faro (268), Porto (80), Setúbal (69) and the island of Madeira (50). The districts of Leiria, Braga and Viana do Castelo have fewer than two dozen of these properties in the luxury residential market, according to idealista/data.
This greater availability of luxury houses for sale and renovation ended up dispersing demand, reflected in a decrease in demand pressure across all locations analysed, with particular emphasis on the island of Madeira (−79%), Leiria (−66%) and Braga (−59%). In Lisbon and Porto, this cooling of demand pressure was smaller (around −20% and −34%, respectively).
Prices of premium houses in need of renovation varied unevenly over the past year, having risen in three districts — most notably Leiria (+34%) — and fallen in four locations, with the sharpest decline recorded in Braga (−14%). The most expensive properties of this type are located in Faro, with a median cost of 1,900,000 euros in the quarter ending in October, followed by Lisbon (1,850,000 euros). The lowest-priced luxury houses to rehabilitate are found in Braga (1,295,000 euros).
Luxury houses for sale and renovation
Data from the last quarter ending in October (euros/m²)
Changes between the last quarter ending in October 2025 and the same period of the previous year (%)
Lisbon:
Supply of homes: 321 | Supply variation: 103% | Median price: 1,850,000 euros | Price variation: −9% | Demand variation: −20%
Faro:
Supply of homes: 268 | Supply variation: 325% | Median price: 1,900,000 euros | Price variation: 12% | Demand variation: −32%
Porto:
Supply of homes: 80 | Supply variation: 33% | Median price: 1,500,000 euros | Price variation: 15% | Demand variation: −34%
Setúbal:
Supply of homes: 69 | Supply variation: 97% | Median price: 1,400,000 euros | Price variation: −7% | Demand variation: −11%
Madeira (Island):
Supply of homes: 50 | Supply variation: 317% | Median price: 1,500,000 euros | Price variation: −6% | Demand variation: −79%
Leiria:
Supply of homes: 16 | Supply variation: 220% | Median price: 1,680,000 euros | Price variation: 34% | Demand variation: −66%
Braga:
Supply of homes: 13 | Supply variation: 63% | Median price: 1,295,000 euros | Price variation: −14% | Demand variation: −59%
Viana do Castelo:
Supply of homes: 5 | Median price: 1,550,000 euros
Portugal:
Supply of homes: 842 | Supply variation: 135% | Median price: 1,700,000 euros | Price variation: 0% | Demand variation: −33%
*Districts and islands with samples of more than five properties priced above 1 million euros
Source: idealista/data
There are also more premium apartments to remodel today than a year ago. However, supply grew significantly only in four districts and islands: Faro, Lisbon, the island of Madeira and Porto. The Lisbon district has the largest supply (102), followed by Porto (52).
As observed with houses, premium apartments for sale and renovation also saw a decrease in demand pressure due to increased supply in Lisbon, Porto and Faro. On the island of Madeira, demand neither rose nor fell despite the stock having doubled, according to the data.
Median prices for luxury apartments in need of renovation range from 1,450,000 euros in Faro (after falling 55% over the year) to as much as 1,525,000 euros in Lisbon (following annual growth of 17%).
All these luxurious residential properties have future value appreciation potential after undergoing full rehabilitation or minor renovation works in the living room, kitchen, bedrooms, bathrooms or even the garden and swimming pool, turning them into true dream homes.
Luxury apartments for sale and renovation
Data from the last quarter ending in October (euros/m²)
Changes between the last quarter ending in October 2025 and the same period of the previous year (%)
Lisbon:
Supply of homes: 102 | Supply variation: 219% | Median price: 1,525,000 euros | Price variation: 17% | Demand variation: −37%
Madeira (Island):
Supply of homes: 22 | Supply variation: 120% | Median price: 1,500,000 euros | Price variation: −6% | Demand variation: 0%
Porto:
Supply of homes: 52 | Supply variation: 117% | Median price: 1,470,083 euros | Price variation: 5% | Demand variation: −77%
Faro:
Supply of homes: 33 | Supply variation: 450% | Median price: 1,450,000 euros | Price variation: −55% | Demand variation: −76%
Portugal:
Supply of homes: 216 | Supply variation: 192% | Median price: 1,500,000 euros | Price variation: 7% | Demand variation: −35%
*Districts and islands with samples of more than five properties priced above 1 million euros