Situated between the fabulous Algarve and the sublime countryside of the Alentejo, Monchique is a place of splendid beauty. Famous for its beautiful landscapes, rich culture, and thermal baths, this is an excellent place to consider buying a unique property in Portugal. Surrounded by the breathtaking Serra de Monchique, the village of Monchique offers a very peaceful, calm environment. And interest in Monchique real estate is on the rise.
Yes, if you are looking to fully relax in Portugal — and you are a nature lover — then Monchique should be firmly on your radar. You can reach the village in just one hour from Faro Airport, providing avid travelers with international links.
In this Monchique real estate guide, we’ll provide you with everything you need to know about this lovely part of Portugal.
In this article, we’ll cover the following:
- Buying a house in Monchique
- Why buy a house in Monchique?
- What to consider when buying a house in Monchique
- Things to do in Monchique
- Plus much more!
Buying a House in Monchique
For nature lovers, Monchique is for you. All you need is a fully equipped property (and you’ll find plenty), and you can enjoy the sublime landscapes to the fullest. From easy to challenging walks in the mountains and the local area, it is the perfect place to stay fit and healthy. There is also the possibility of biking around if this is a passion of yours. What’s more, the climate of Portugal makes it possible to venture outdoors for pretty much the whole year.
Why buy a house in Monchique?
If you are looking to find your dream home in Monchique, the property market here will leave you spoilt for choice. With stunning panoramic views of the beautiful landscapes, this is an outstanding place to live.
In this part of our Monchique real estate guide, we’ll give you the lowdown on some of the key reasons to consider this part of Portugal.
Property type
Yes, first and foremost, there are a lot of choices when it comes to the types of property in Monchique. You can choose from Monchique luxury homes with scenic views to country homes with lovely gardens. Aside from this, there are townhouses, retreats, and villas on offer. You will even be able to find a farm for sale in Monchique, Portugal, should you so desire. Indeed, as we mentioned previously, you will be spoilt for choice.
Also, if you are just looking for land for sale in Monchique, Portugal, to build your own unique property, this is also a possibility.
Elsewhere in the Algarve, you also have lots of choices when it comes to properties for sale. You will find every property type imaginable, from luxury homes and vineyards to beach villas and modern apartments. You’ll also come across properties with stunning panoramic views of the Portuguese countryside.
Pleasant weather
The climate is a big winner for residents of Monchique. The climate is mild and warm, with some seasonal extremes. You’ll be able to avoid a harsh winter and enjoy sunshine-filled days for much of the year. Indeed, this is a big factor in why people want to move to the region.
Proximity to the big cities
Even though Monchique is tucked away in nature, it is still very easy to get to the major cities in the Algarve. Albufeira, Faro, and Portimão are each relatively close at hand and can be reached in one hour or so. You can easily plan weekends in close-by cities to get the city/nature balance just right for you.
Getting residency and citizenship
Monchique is set to increase in popularity as it is one of the few locations in the southern part of the country where residential properties still qualify for the Portugal Golden, following the changes that came into force on 1 January 2022 that made it only possible to invest in residential real estate in interior regions of the country.
With an investment starting from €280,000, if you opt to invest in a real estate rehabilitation project in a “low-density” area, you’ll find yourself on your way to Portuguese residency, with the possibility of citizenship after five years.
Aljezur real estate, just over 30 minutes drive to the west of Monchique, is also a great place to purchase property and qualifies for the Portugal Golden Visa.
Find out more about the Portugal Golden Visa in our ultimate guide: Portugal Golden Visa: Your Step-by-Step Guide 2023.
Learn more about Portugal Golden Visa property and which real estate qualifies in this article: Portugal Golden Visa Properties – What Real Estate Qualifies?
And you can find out more about the qualifying areas and differences between interior and low-density areas in this article Low-Density Areas in Portugal / Golden Visa Eligible Interior Areas.
What to Consider When Buying a House in Monchique
As with any property, there are some important things that you will need to be aware of before purchasing a home in Monchique and signing any documents. In this part of our Monchique real estate guide, we’ll provide you with some of the most important things to bear in mind.
Neighborhood
When you are looking for a new property to move to, it is essential that you can actually envisage yourself living in the area. Check if there are schools close at hand if you are moving with a family. Are there healthcare facilities nearby? Also, a recommendation from us is to visit the neighborhood before, both in the daytime and in the evening, as places can have very different feels to them depending on the time of day you visit.
Property analysis
With any property that you purchase, it is fundamental to conduct a thorough and complete analysis of the home. Review all the documentation, and inspect every single part of the property on the interior and the exterior. Write down any potential maintenance issues that you see, as this will assist you in calculating a ballpoint figure as to the cost of the repairs and ongoing issues that will need to be fixed at some point in the future.
Paperwork
You will need to have all the paperwork in order when purchasing a property. This is essential as one missing document can lead to significant issues further down the line. Check for any red flags or indications that it may not be all it seems, such as legal disputes. To make sure everything is in order, it is a good idea to seek professional help in this regard.
Things to Do in Monchique
As we’ve already mentioned, there is much to do in Monchique for nature lovers. In this section of our Monchique real estate guide, we’ll delve into some of our favorite things to do.
- Hiking: Yes, Monchique is probably in the running as having some of the best hikes in the country. Plan one at Caldas de Monchique, which is a beautiful, small thermal bath that is surrounded by magical wooded valley slopes. From old villas to shady places to shelter a little from the sun, this is a very special place in the country to reconnect with nature.
- Golf: The Algarve, and Portugal in general, is very well known for its world-class golf courses, and Monchique has some of the best golf courses in the country close by.
- Visit the Caldas de Monte Chico: This ancient Roman spa town has natural springs that have been rejuvenating people for thousands of years.
- Try Piri Piri chicken: This spectacular and simple dish has gone on to conquer the world, with more and more people discovering it every year. A barbecued chicken served with a spicy sauce, fries, and a salad. It sounds very simple, but don’t knock it until you have tried it. Monchique is famous for its local restaurants where you can try this dish. We reckon that you will soon be heading back for more.
- History lovers will delight in visiting the Castelo de Silves. With its impressive architecture, this castle is spectacular. Built between the 9th and 12 centuries, this is a great place for a day trip.
Conclusion
Nature lovers perhaps do not need to look any further than Monchique, as the hiking activities and good weather will keep you more than satisfied. If you are looking for an authentic Portuguese lifestyle, then Monchique is one of the top spots in the country to consider.
How We Can Help
Global Citizen Solutions is a multidisciplinary firm offering bespoke residence and citizenship solutions in Europe and the Caribbean. We work solely on behalf of our clients throughout the process for an easy and hassle-free journey to your desired route. With offices worldwide and an experienced, hands-on team, get in touch today to see how we can understand your objectives and help you in your move toward becoming a global citizen.
The following articles may be useful to you:
- How to Buy Property in Portugal
- Buying Property in Lisbon
- Buying Property in Porto
- Complete Comporta Real Estate Guide
- Complete Faro Coast Real Estate Guide
This is just a brief introduction to property in Monchique. If you are looking for a property in Monchique, or Portugal real estate in general, you can get in touch with one of our team at Goldcrest, our real estate division, who will be able to discuss your options for buying property in this spectacular part of Portugal. From setting up your preferred search location to property acquisition, they can guide you throughout the process.
Goldcrest has launched their e-book on how to buy property in Portugal, which will be useful to you if you are looking to buy a house in Portugal, regardless of the search location and your requirements, and whether you are looking to buy a new property or a renovation project.
The book provides an easy guide to buying property in Portugal, including navigating taxes and bureaucracy, finding a mortgage, and retiring to Portugal, amongst other important information. You’ll also be able to find which parts of the country to buy, including the areas with an affordable min price for properties.
You can order your copy here. There are many great locations to buy property in the sunny south of Portugal – for example, your property search should consider real estate in Portimao, Albufeira, and Faro, to name a few.
You should ensure that you are aware of Portuguese law when buying property in Portugal. We recommend working with professionals in the field who have an AMI license to practice real estate brokerage in the country. They will be able to help narrow down the search location to help you find the perfect property based on your needs.
Frequently Asked Questions about Monchique Real Estate
What is the most expensive property for sale in Monchique, Portugal?
The most expensive property for sale in Monchique, Portugal, has a listing price of $3,000,000 and is a 21,528 m² villa. You will find that the min price of a property in Monchique is very affordable, as it is one of the cheaper parts of the country.
What is the largest home for sale in Monchique, Portugal?
The largest home for sale in Monchique, Portugal, is 1,241,724 m², with a price tag of $1,500,000. You will find that the min price of properties is quite reasonable, particularly compared with properties in Lisbon, Porto, and more popular areas, where the min price will likely be higher for both new property or a renovation project.