How much does it cost to buy a house in Faro?
The median asking price for houses in Faro is 4.089 €/m². Measured across 11.981 on-market listings.
How prices are spread
The house market in Faro
Houses in Faro are currently asking a median of 4.089 €/m². Half of them are listed between 2.796 €/m² and 5.872 €/m². A typical listing asks 850.000 € for 219 m².
Put in context, and 90% above the national median for houses.
Faro is not one market. Across its 16 measurable municipalities, the most expensive is Loulé at 5.070 €/m² and the cheapest is Alcoutim at 1.164 €/m². Picking the right municipality matters more here than timing the market.
Price by municipality
| Area | €/m² | Listings |
|---|---|---|
| Loulé | 5.070 | 2.992 |
| Lagos | 4.877 | 1.128 |
| Albufeira | 4.579 | 1.349 |
| Lagoa (Algarve) | 4.244 | 771 |
| Faro | 4.079 | 915 |
| Vila do Bispo | 4.063 | 291 |
| Aljezur | 3.818 | 255 |
| Vila Real de Santo António | 3.756 | 262 |
| Olhão | 3.595 | 732 |
| Portimão | 3.578 | 811 |
| São Brás de Alportel | 3.560 | 216 |
| Tavira | 3.457 | 704 |
| Silves | 3.310 | 955 |
| Castro Marim | 3.028 | 313 |
| Monchique | 2.812 | 182 |
| Alcoutim | 1.164 | 104 |
Price by typology
| Typology | Median price (€) | Median area (m²) | €/m² | Listings |
|---|---|---|---|---|
| T0 | 650.000 | 202 | 3.409 | 683 |
| T1 | 300.000 | 80 | 3.875 | 319 |
| T2 | 495.000 | 134 | 3.857 | 2.103 |
| T3 | 779.500 | 187 | 4.140 | 3.762 |
| T4 | 1.100.000 | 266 | 4.316 | 2.905 |
| T5 | 1.490.000 | 332 | 4.343 | 1.118 |
| T6 | 1.495.000 | 365 | 4.238 | 509 |
| T7 | 1.525.000 | 388 | 3.876 | 142 |
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 15 €/m² per month against a median sale price of 4.089 €/m².
Gross: before costs, taxes and vacancy.
2968 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.