The study, carried out by Europe’s leading property listings portal Idealista, found the most expensive streets to buy a house on in Portugal are – perhaps unsurprisingly – in Lisbon, Setúbal, the Algarve and Porto.
Idealista has also narrowed down Portugal’s most expensive street to Rua do Salitre, in Lisbon, where properties cost over €2 million, on average.
For the study, Idealista analysed the average price of apartments and villas advertised on the same street, and only streets with a minimum of 10 ads were considered.
Located bang in the centre of Lisbon, Rua do Salitre – which runs off the main Avenida da Liberdade – is the street with the most expensive housing in Portugal.
Sellers along this exclusive stretch in the capital ask an average of €2,820,312 for their luxurious properties.
Second place on this high-end listing goes to Soltroia Urbanisation in Setúbal, where the average property sale price is €1,926,818, which is not too far off prices charged on Rua Fernão Mendes Pinto in Belém (Lisbon), which takes the third place on the ranking with prices at around €1,912,731.
In Cascais, Rua Dom Afonso Henriques is the fourth most expensive street in Portugal, followed by Loteamento Fonte Santa in Quarteira (Algarve, €1,589,941) in fifth, and Rua Gazeta d’Oeiras (Oerias, €1,588,23), in sixth.
Portugal’s seventh most expensive street goes to Porto’s Avenida Marechal Gomes da Costa, whose houses have an average price of €1,520,000.
The list of the ten most expensive streets in Portugal is completed with Avenida 24 de Julho, in Lisbon (€1,518,031), the Varandas do Lago Urbanisation in Almancil (€1,460,909 euros), and Avenida da República in Lisbon (€1,445,990).