How much does it cost to buy a house in Faro?
The median asking price for houses in Faro is 3.958 €/m². Measured across 11.604 on-market listings.
How prices are spread
The house market in Faro
Houses in Faro are currently asking a median of 3.958 €/m². Half of them are listed between 2.692 €/m² and 5.625 €/m². A typical listing asks 799.000 € for 210 m².
Put in context, and 92% above the national median for houses.
Faro is not one market. Across its 16 measurable municipalities, the most expensive is Loulé at 5.139 €/m² and the cheapest is Alcoutim at 1.161 €/m². Picking the right municipality matters more here than timing the market.
Price by municipality
| Area | €/m² | Listings |
|---|---|---|
| Loulé | 5.139 | 2.226 |
| Lagos | 4.956 | 944 |
| Albufeira | 4.545 | 1.316 |
| Vila do Bispo | 4.066 | 306 |
| Faro | 4.036 | 973 |
| Lagoa (Algarve) | 3.886 | 848 |
| Aljezur | 3.788 | 211 |
| Vila Real de Santo António | 3.629 | 291 |
| Portimão | 3.591 | 891 |
| São Brás de Alportel | 3.579 | 235 |
| Olhão | 3.419 | 818 |
| Silves | 3.383 | 1.016 |
| Tavira | 3.332 | 772 |
| Castro Marim | 3.028 | 415 |
| Monchique | 2.762 | 223 |
| Alcoutim | 1.161 | 118 |
Price by typology
| Typology | Median price (€) | Median area (m²) | €/m² | Listings |
|---|---|---|---|---|
| T0 | 299.000 | 140 | 2.679 | 211 |
| T1 | 272.500 | 70 | 3.762 | 364 |
| T2 | 447.500 | 120 | 3.788 | 1.738 |
| T3 | 745.000 | 185 | 3.941 | 3.519 |
| T4 | 1.100.000 | 270 | 4.059 | 2.722 |
| V4 | 1.300.000 | 290 | 4.653 | 159 |
| T5 | 1.300.000 | 328 | 3.960 | 1.037 |
| T6 | 1.292.500 | 376 | 3.360 | 372 |
Smaller homes cost more per m². A T1 above a T3 on €/m² is normal, so compare the price column when you are choosing a size, and the €/m² column when you are comparing areas.
Gross rental yield
Median rent of 16 €/m² per month against a median sale price of 3.955 €/m².
Gross: before costs, taxes and vacancy.
2892 properties in Faro are listed below their comparables
That is how many on-market listings here are asking less per m² than the nearest similar properties. Tell us what you are looking for and we will show you which ones, and alert you the moment a new one appears.
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Frequently asked questions
What is the price per m² for houses in Faro?
How much does a house cost in Faro?
Which areas of Faro are cheapest?
How much does a T2 or T3 cost in Faro?
What is the rental yield in Faro?
Other property types here
Asking prices across every major Portuguese property portal, each property counted once. Updated daily.