How much does it cost to buy a house in Faro?
The median asking price for houses in Faro is 4.085 €/m². Measured across 897 on-market listings.
How prices are spread
The house market in Faro
Houses in Faro are currently asking a median of 4.085 €/m². Half of them are listed between 2.945 €/m² and 5.745 €/m². A typical listing asks 990.000 € for 250 m².
Put in context, and 90% above the national median for houses.
Faro is not one market. Across its 4 measurable parishes, the most expensive is Santa Bárbara de Nexe at 4.678 €/m² and the cheapest is União das freguesias de Conceição e Estoi at 3.459 €/m². Picking the right parish matters more here than timing the market.
Price by typology
| Typology | Median price (€) | Median area (m²) | €/m² | Listings |
|---|---|---|---|---|
| T0 | 790.000 | 204 | 4.085 | 67 |
| T2 | 499.000 | 139 | 3.844 | 108 |
| T3 | 875.000 | 205 | 4.158 | 245 |
| T4 | 1.070.000 | 279 | 4.045 | 275 |
| T5 | 1.500.000 | 348 | 4.121 | 83 |
| T6 | 1.695.000 | 391 | 4.238 | 39 |
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.
Price by parish
| Area | €/m² | Listings |
|---|---|---|
| Santa Bárbara de Nexe | 4.678 | 323 |
| Montenegro | 4.397 | 234 |
| União das freguesias de Faro (Sé e São Pedro) | 3.649 | 157 |
| União das freguesias de Conceição e Estoi | 3.459 | 183 |
Gross rental yield
Median rent of 18 €/m² per month against a median sale price of 4.085 €/m².
Gross: before costs, taxes and vacancy.
212 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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Zoning, urban vs rural land and the municipal master plan for this council.
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.