Retiring in Portugal: Best Places for U.S. Buyers

Where Americans Are Buying Property in Portugal

Over the past few years, Portugal has become one of the most desirable destinations for American buyers, with the number of U.S. residents in the country rising sharply—over 36% between 2023 and 2024. The combination of lifestyle, safety, climate, and investment stability continues to attract retirees, digital nomads, and investors alike.

Below are the top regions where Americans are purchasing homes in Portugal, based on recent market analyses and relocation trends.

🌆 1. Lisbon & Surrounding Areas

Lisbon remains one of the most popular choices for Americans thanks to its cosmopolitan lifestyle, international schools, tech ecosystem, and strong rental market.

• Highly walkable neighborhoods

• Historic charm mixed with modern amenities

• Strong long‑term and mid‑term rental demand

• Easy access to the airport for transatlantic flights

Lisbon is consistently highlighted as a top destination for U.S. buyers.

🏖️ 2. The Algarve

The Algarve is one of the strongest magnets for American retirees and lifestyle buyers.

• Warm climate year‑round

• Golf resorts, beaches, and gated communities

• English widely spoken

• High‑quality healthcare and relaxed lifestyle

Market data shows the Algarve recording some of the highest property value increases in recent years, supported by foreign investment, including Americans.

🏙️ 3. Porto & Northern Portugal

Porto attracts Americans looking for culture, wine country, and a slightly more affordable market compared to Lisbon.

• UNESCO‑listed historic center

• Strong tourism and rental potential

• Growing expat community

• Access to the Douro Valley

🏡 4. Cascais & Estoril

Often called the “Portuguese Riviera,” Cascais is a premium destination for U.S. families and executives.

• Coastal living near Lisbon

• International schools

• Luxury villas and gated communities

• High safety and quality of life

🌿 5. Central Portugal (Santarém, Évora, Leiria, etc.)

A growing number of Americans are exploring quieter, more rural regions for space, nature, and affordability.

• Lower property prices

• Traditional villages and farmhouses

• Ideal for remote workers and retirees

• Increasing interest after recent political shifts in the U.S.

🏘️ 6. Silver Coast (Óbidos, Nazaré, Caldas da Rainha)

The Silver Coast is gaining popularity among Americans seeking ocean views without Lisbon‑area prices.

• Surf towns and fishing villages

• New developments and modern condos

• Strong value appreciation potential

✨ Why These Areas Attract Americans

According to multiple market reports, Americans choose Portugal for:

• Affordable property compared to U.S. coastal cities

• High quality of life and safety

• Mild climate

• EU residency pathways linked to property ownership

• Stable euro‑denominated investment