Cascais and Estoril - Alcabideche - Oeiras

Cascais is a captivating coastal town sited in the Estoril region of Portugal. Known for its charming old town, historic 15th-century fort, and the stunning Boca do Inferno sea cave, the city boasts an enviable location at the mouth of the Tagus River. This former fishing village transformed into a preferred getaway destination for royalty in the 19th century, earning it a rich, aristocratic heritage. Today, it continues to enchant locals and visitors with its vibrant culture, opulent lifestyle, and breathtaking vistas.

Exclusive Property Market in Cascais

Cascais' luxury property market is strong, with supply keeping pace with the demand for high-end homes and apartments. The current political and economic situation remains stable, maintaining an optimal atmosphere for property transactions. Average real estate commissions for buyers and sellers hover around 5% to 6% of the property's sale price. Additionally, buyers should consider the extra costs associated with their purchase, such as transfer tax, notary fees, and potential inspection or legal charges. In Cascais, the transfer tax on private property stands at 6.5%, while the wealth tax is 1%. Tax rules vary based on the property’s use; profits from the sale of a primary residence are typically tax-free, whereas second homes or vacation properties may be subject to capital gains tax. Corporate tax rates for registered companies in Cascais are 21%, while the income tax for residents ranges from 14.5% to 48% depending on income.

Mortgage Requirements and Most Sought-After Locations

Securing a mortgage in Cascais involves specific requirements regarding the balance of local and foreign capital as well as income stipulations. Generally, buyers can secure a mortgage covering up to 80% of the property's value. The most sought-after and expensive residential areas are scattered across the central areas of Cascais as well as the popular beachside regions. Quinta da Marinha, Estoril, and Monte Estoril, known for their luxury villas and high-end apartments, are particularly desirable.

Accessibility, Proximity, and Education

Cascais is well-connected by road and rail, with regular services running to Lisbon, just 30 kilometers away. The Lisbon International Airport is also within easy reach, making the town highly accessible for both national and international travelers. Families in Cascais are served by a range of quality educational institutions, including the renowned Carlucci American International School of Lisbon and Nova School of Business and Economics.

Experience the Luxury Lifestyle in Cascais

Located in the Lisbon District, Cascais is home to approximately 206,000 people. This picturesque seaside town is known for its stunning beaches, extensive marina, and lush parks, offering ample opportunities for seaside strolls, sailing, golfing, and other activities. The climate in Cascais is Mediterranean, with warm, sunny summers, and mild winters, perfect for enjoying the array of outdoor sports available, such as golfing at the Quinta da Marinha Golf Course and surfing at Guincho Beach. In terms of shopping, Cascais houses a range of luxury boutiques and upscale shopping malls, such as CascaisVilla Shopping Center. Gourmands can explore Michelin-starred restaurants like Fortaleza do Guincho, while the Cascais Marina boasts several exclusive clubs for late-night entertainment. Famous cultural institutions include the Paula Rego Story House and the Marechal Carmona Park. Annual events such as the Cascais Jazz Festival and the Estoril Film Festival are keenly anticipated by residents and visitors alike. And with several top-tier hospitals like the Hospital Cuf Cascais, and the public infrastructure boasting easy accessibility to amenities, Cascais truly delivers a luxury lifestyle.