Lagoa, Carvoiero and the surrounding area came second on the list.
The area is popular with Dutch and German expats as well as Britons.
While more expensive than other regions of the country, Lagoa, Carvoiero and the surrounding area offer a picturesque setting in which to play a round of golf.
In third place was the Golden Triangle.
Almancil, Vale de Lobo and Quinta do Lago, aka the Golden Triangle, is “where you’ll find glitzy villas, celebrities, golf courses and designer boutiques”.
The affluent area is one of the most expensive in Portugal with plenty of luxury to be found.