Real Estate Prices in Leiria: The New Affordable Spot in Portugal

The district of Leiria and its eponymous city, located in the heart of Portugal between Porto and Lisbon, are increasingly attracting individuals seeking more affordable prices than those in Lisbon or the Algarve, in an authentic little corner of paradise! Situated just 30 minutes from the sea and less than 2 hours from the capital, Leiria is a charming city with a rich history (the city is primarily known for its castle), picturesque landscapes, and exceptional quality of life. In this article, we will explore the real estate market in Leiria, its prices per square meter, current trends, and market evolution.

Real Estate Market News in Leiria

Leiria is experiencing growing demand for residential and vacation properties. The city is known for its medieval castle, cobblestone streets, and cultural festivals, attracting buyers seeking authenticity and tranquility. Recent developments include the renovation of historic buildings and the construction of new residential complexes, enhancing the appeal of this destination.

The surrounding countryside also attracts many individuals looking for a peaceful place to settle. Additionally, the coastline boasts some of the most beautiful beaches in the country! From Peniche to Osso de Baleia, through Nazaré with its giant waves, Foz de Arelho, and Praia de Salgado, the coast is dotted with small villages and seaside resorts where life by the sea is pleasant.

Price per Square Meter in Leiria

The real estate market in Leiria is characterized by relatively affordable prices compared to the major coastal cities of Portugal. The average price per square meter varies between €1900 and €2200 for all types of properties.

• Houses: On average, houses cost €1500/m². Prices generally start around €300,000 and can exceed €800,000 for the most prestigious properties, especially those located in exclusive residential neighborhoods or offering panoramic views.
• Apartments: On average, apartments cost €2200/m². Apartments in Leiria typically sell for between €150,000 and €300,000, depending on location and amenities. Apartments located in the historic center or with views of the castle can reach higher prices.

Market Trends in Leiria

Real estate prices in Leiria have been steadily increasing since 2021. The upward trend promises a good investment. Foreign buyers mainly come from France, the United Kingdom, Germany, the Netherlands, and Belgium, seeking secondary residences or a paradisiacal place to spend their retirement in tranquility.

If you're interested in a secondary residence, vacation rentals are an attractive option in Leiria, with growing demand thanks to the city's cultural and historical attractions.

Where to Buy in Leiria?

From the historic city of Leiria to the villages in the center and the resorts on the Atlantic coast, the district offers a wide range of choices! Each town and neighborhood has its own characteristics and attractions, which we have detailed in a dedicated article:

Click here to learn more about the best neighborhoods and cities in the district!

Conclusion

The real estate market in Leiria continues to develop, supported by growing international demand and recent developments. Whether you are looking for a secondary residence, a rental investment, or a retirement spot, Leiria offers an enticing combination of historical charm, natural landscapes, and exceptional quality of life.

Photo: House for sale by CENTURY 21 Realty Art Farol on Green acres