Lisbon, the capital of Portugal, has always been a major hub for real estate investments. However, in recent years, the hype surrounding Porto has gained momentum – mainly due to more affordable entry prices and high improvement potential. But does this mean that Lisbon is no longer relevant? Absolutely not. In fact, it is the suburbs of Lisbon that currently offer some of the most interesting opportunities in the Portuguese market.
Lisbon – a mature market, but still in demand
Lisbon offers:
- High stability, a strong rental market and a diverse population (tourists, diplomats, students and high-tech people).
- Excellent transportation, some of the best educational institutions in the country, commercial centers and government institutions.
- Relatively low supply of new apartments in the city center – which keeps prices high.
The downside: Property prices are significantly higher – between 6,000 and 10,000 euros per square meter, and it is sometimes difficult to find properties with a high yield.
Lisbon Suburbs – Where Price Meets Potential
It is precisely outside the center of Lisbon that the real development areas of the coming years are located. Among the most prominent areas:
- Almada: Quick access to Lisbon by bridge or ferry, a sought-after coastal area that is developing with new projects.
- Loures: Quiet residential area, with good transportation and accelerated development in recent years.
- Amadora: Very close to the center of Lisbon, with new projects and prices 30–40% lower than in the capital.
- Oeiras: A favorite destination for high-tech people and families, with good educational institutions and a green environment.
In each of these areas, new apartments can be found at prices of 3,500–5,000 euros per square meter – with increasing demand from locals and returning residents.
Advantages of investing in the suburbs
- More affordable entry prices.
- High demand for housing from locals, not just tourists.
- Clear improvement forecast – as the center becomes too expensive, demand migrates outward.
- New infrastructure – trains, metro, public institutions.
How does I-Portugal operate in the area?
We examine each area according to parameters of future demand, development plans, project quality and developers. Clients who are interested in diversifying their investment portfolio – can consider a project in a suburb of Lisbon, alongside an investment in Porto or another area.
In conclusion
Porto is undoubtedly a rising star, but Lisbon and its suburbs are still the pillars of the Portuguese real estate market. For those willing to explore beyond the center, opportunities with real profit potential await.