Apartment€535,000
Olhão
3 bd 3 ba 160 m²
Olhão real estate: Algarve flats and houses by the Ria Formosa
293 homes and apartments for sale in Olhão, Portugal.
Photo: Steve Matthews / Unsplash
Properties for sale in Olhão
24 properties shown
Apartment
House€931,000
Olhão
4 bd 4 ba 447 m²
House€1,390,000
Olhão
5 bd 6 ba 600 m²
House€680,000
Olhão
3 bd 3 ba 270 m²
House€620,000
Olhão
3 bd 3 ba 300 m²
Apartment€695,000
Olhão
2 bd 2 ba 121 m²
House€1,250,000
Olhão
4 bd 5 ba 244 m²
House€625,000
Olhão
4 bd 4 ba 319 m²
House€680,000
Olhão
1 bd 2 ba 107 m²
House€460,000
Olhão
2 bd 1 ba 92 m²
House€3,400,000
Olhão
6 bd 6 ba 835 m²
Apartment€429,170
Olhão
3 bd 2 ba 128 m²
House€1,250,000
Olhão
4 bd 4 ba 244 m²
House€2,000,000
Olhão
4 bd 3 ba 536 m²
House€747,000
Olhão
3 bd 2 ba 280 m²
House€1,100,000
Olhão
8 bd 6 ba 260 m²
Apartment€475,000
Olhão
2 bd 2 ba 141 m²
Apartment€790,000
Olhão
3 bd 3 ba 189 m²
Apartment€740,000
Olhão
3 bd 3 ba 189 m²
House€685,000
Olhão
3 bd 3 ba 208 m²
House€375,000
Olhão
2 bd 1 ba 93 m²
Apartment€430,000
Olhão
2 bd 2 ba 104 m²
House€399,000
Olhão
4 bd 4 ba 166 m²
House€750,000
Olhão
4 bd 5 ba 255 m²
Buyer's guide: Olhão
Looking for property for sale in Olhão? RealEstateAbroad lists 279 homes at a median asking price of €599,618. Olhão is a working fishing port on the eastern Algarve, with the Ria Formosa lagoon on its doorstep and ferries to the sandbar islands.
Price table
Figures are asking prices from current listings on RealEstateAbroad.
| Measure | Olhão |
|---|---|
| Listings | 279 |
| Median asking price | €599,618 |
| Range (p25-p75) | €413,665 - €795,000 |
| Price per m² | €3,449 |
| Median size | 165 m² |
Flats, houses and plots
There are 136 apartments, 101 houses, 24 plots and 18 commercial units. By bedrooms: 109 three-bed, 70 two-bed, 33 four-bed, 27 studios, 10 five-plus and 9 one-bed. Many listings are outside the old town, in villa areas and golf-linked developments. See Portuguese houses, villas and apartments.
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Why Olhão appeals
Unlike many resort towns, Olhão is lived in all year by locals. The waterfront market buildings, the old town's flat-roofed houses and the boat services to Armona and Culatra give it a distinct feel. Faro airport is about 15 minutes away and trains stop in town. Prices have risen as the town gets discovered, though they are below Vilamoura or Quinta do Lago. Compare Faro, Tavira, Loulé, Quarteira and Almancil. Luz is further west.
Taxes and process
You need a Portuguese tax number (NIF), and non-residents need a fiscal representative. Property transfer tax (IMT) applies on purchase, and from 2026 a flat 7.5% rate for non-residents was introduced, so verify the details with a lawyer. Stamp duty is 0.8%, and annual municipal tax (IMI) is typically between 0.3% and 0.45% for urban property. The golden-visa property route closed in October 2023.
See our Portugal buying guide, Portugal financing guide and Portugal overview.
Last updated 8 October 2026
Buying property in Olhão: FAQ
Is Olhão cheaper than Tavira or Faro?
Compare the markets side by side. Olhão's median asking price is €599,618, but the spread (€413,665 to €795,000) is wide.
Do non-residents pay more transfer tax?
From 2026 a flat IMT of 7.5% was introduced for non-residents. Check the current rule with your lawyer.
Can I still get a golden visa by buying here?
No, the property route closed in October 2023.
Are there beach islands?
Yes, Armona and Culatra are reached by boat from Olhão.
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