Current standards
A new home is designed to today's thermal and acoustic rules and comes with an energy certificate. Check the rating on the certificate itself, not in the brochure.
Buying a finished new home or one still on the drawing board: what INE says new homes sell for, how the off-plan contract works and how to protect your payments.
In short. New homes in Cascais sold for a median €5,027/m² in the 12 months to March 2026, against €4,633/m² for existing homes — about 8.5% more (INE). Buying a new home is IVA-exempt, and a professional seller owes a 10-year warranty on structure and 5 years on other defects. New builds suit buyers who want current standards and can check licence, developer and contract before paying.
INE median sale price of new dwellings in Cascais, 12 months to March 2026 (released 17 July 2026), against €4,633/m² for existing dwellings (INE via mra-bio.me). Warranty periods under DL 84/2021, art. 23.
Why new-build
New homes in Cascais sold for a median €5,027/m² over the 12 months to March 2026, second only to Lisbon (INE). The premium over existing homes buys current building standards, a legal warranty and, off-plan, the option to pay as the building rises rather than all at once.
A new home is designed to today's thermal and acoustic rules and comes with an energy certificate. Check the rating on the certificate itself, not in the brochure.
A professional seller is liable to a consumer for defects that appear within 10 years in structural elements and within 5 years in other parts (DL 84/2021, art. 23).
Off-plan, a first payment at the CPCV is followed by instalments during construction. The schedule, and how each payment is protected, are negotiated.
Prices
No reliable price table exists for new units alone. The nearest verified reference is the asking price of all apartments listed in Cascais, new and resale, by typology (rankingimobiliario.com, 28 September 2026).
| Typology | Bedrooms | Avg area (m²) | Median asking |
|---|---|---|---|
| T1 | 1 bedroom | 52 m² | €362,500 |
| T2 | 2 bedrooms | 99 m² | €620,000 |
| T3 | 3 bedrooms | 139 m² | €944,000 |
| T4 | 4 bedrooms | 218 m² | €1,591,000 |
| T5 | 5 bedrooms | 296 m² | €3,500,000 |
Check what the price includes: in a new development, parking spaces, storage and upgraded finishes can be priced separately. Ask for the unit's price list and have the final area written into the CPCV.
Asking prices of 1,003 apartment listings, new and resale (rankingimobiliario.com, 28 September 2026); T0 is left out because its figure is distorted by parking and storage units. Portal listings of 39 new developments on the same date showed “from” prices of roughly €6,100–16,700/m² (imovirtual.com; agents' figures, low reliability). INE's €5,027/m² covers all new-home sales, including smaller and inland ones.
Market data
What buyers actually paid: INE median sale prices per m² for Cascais municipality over five periods, set against Lisbon, Oeiras, Sintra, Greater Lisbon and Portugal. These are transaction medians; portal asking prices are a different and higher measure.
Median sale price per m², 12 months to December; 2026* = 12 months to March 2026 (INE).
| Area | 2022 | 2023 | 2024 | 2025 | 2026* | Since 2022 |
|---|---|---|---|---|---|---|
| Cascais | €3,473 | €3,976 | €4,053 | €4,550 | €4,687 | +35% |
| Lisbon | €3,872 | €4,167 | €4,340 | €4,875 | €5,082 | +31% |
| Oeiras | €3,001 | €3,158 | €3,471 | €4,187 | €4,297 | +43% |
| Sintra | €1,816 | €2,014 | €2,226 | €2,733 | €2,908 | +60% |
| Portugal | €1,484 | €1,611 | €1,777 | €2,076 | €2,168 | +46% |
Median sale price per m², 12 months to March 2026, including the national median for the same period (INE).
| Area | €/m² | vs Cascais |
|---|---|---|
| Lisboa | €5,082 | +8% |
| Cascais | €4,687 | — |
| Oeiras | €4,297 | -8% |
| Grande Lisboa | €3,598 | -23% |
| Sintra | €2,908 | -38% |
| National median (12 months to March 2026) | ||
| Portugal | €2,168 | -54% |
Median sale price per m², 12 months to March 2026 (INE, parish level).
INE's median rent for new leases in Cascais was €16.43/m² a month in Q1 2026, second only to Lisbon. INE changed its rent series in 2026 — a wider rent range, sublets included and a larger sample — so compare with older figures carefully.
Median sale price per m², 12 months to March 2026. New dwellings from the INE release of 17 July 2026; existing dwellings from INE via mra-bio.me. We show Cascais only, because comparable splits for other municipalities are not verified.
| Area | New-build | Existing | Premium |
|---|---|---|---|
| Cascais | €5,027 | €4,633 | +8.5% |
INE medians cover every registered sale in the municipality, from apartment blocks in São Domingos de Rana to villas in Estoril, which is why the Cascais figure sits below what many marketed homes ask. Portal asking prices run higher — apartments €7,086/m² (rankingimobiliario.com, 28 September 2026) — because listings lean towards the upper end. Use the medians for trend and comparison, and check each project on its own numbers. Next INE release: 23 October 2026.
Sources: INE — Estatísticas de Preços da Habitação ao nível local, Q1 2026 (released 17 July 2026; PDF hosted by RTP) and earlier releases via ECO (23 April 2024, 24 April 2026), Dinheiro Vivo/Lusa (24 April 2026) and diarioimobiliario.pt; INE 12-month series (2022–2023); INE parish-level series; mra-bio.me, citing INE (existing dwellings); INE rents via ECO, 26 June 2026; rankingimobiliario.com (asking prices). Values are 12-month rolling medians of registered sales, €/m². Updated September 2026.
Off-plan
Financing
No law sets the size of the first payment: the sinal at the CPCV and the instalments are negotiated project by project, and Portugal has no mandatory escrow for off-plan money. Ask for payments beyond a small reservation to be covered by a bank guarantee, or held in a way your lawyer can verify. If you will need a mortgage, get approval in principle before the CPCV; see how Portuguese banks lend to non-residents.
Taxes
Buying a new home is IVA-exempt: you pay IMT and 0.8% stamp duty exactly as on a resale, and total costs typically run 7–11% of the price. The 6% IVA in DL 97/2026 applies to construction contracts, not to your purchase: since July 2026 builders can use it for housing whose licensing started between 25 September 2025 and 31 December 2029, if the home sells for up to €660,982 within 24 months of the usage permit or is let for up to €2,300 a month; if those conditions are later breached, the buyer faces an IMT surcharge. Non-residents who were never tax-resident in Portugal pay a flat 7.5% IMT on a home since 25 May 2026 (DL 97/2026), refundable if they become resident within two years or let at a moderate rent for at least 36 months. Calculate your costs or read the cost of buying in Cascais.
Location
The largest project is in Carcavelos: the Quinta dos Ingleses subdivision has about 850 homes licensed on some 52 ha, but works were halted by a court injunction and hearings resumed in September 2026. In Parede, a seven-villa condominium is under construction, and the Hilton hotel-and-residences project is in litigation over its height. At Quinta da Marinha, a hotel with branded residences (Fasano) is due to open in 2028. The western and northern edges of the municipality lie in the Natural Park, where new housing is tightly limited. See Carcavelos, Parede and Birre and Quinta da Marinha.
With no mandatory escrow, your protection is the contract. Check the building licence and that the design complies with the PDM, height included: at the Hilton residences in Parede the Ministério Público is seeking demolition of the top three floors, where flats had already been sold (idealista/news, 24 July 2026). Tie payments to verified stages and back them with a bank guarantee; fix a delivery date and penalty; confirm the autorização de utilização and energy certificate before the deed; and keep the 10- and 5-year warranties in mind at handover. More in due diligence for buyers in Portugal.
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General information, not legal, tax, financial or mortgage advice. Rules, rates and prices change: check the date on this page and confirm your case with a Portuguese lawyer, tax adviser or bank before you decide. Legal notice and disclaimer.