Location remains a key factor for homebuyers in Portugal, especially as families seek affordable options near Lisbon. As of March 2025, many are gravitating towards the outskirts of major cities, where housing prices are lower but access to jobs and services is still convenient. Are you curious about where the best deals are?
- Location is key in home buying decisions.
- Peripheral municipalities of Lisbon are preferred.
- Oeiras has the highest median home price.
- Affordable housing demand increased in 2024.
- Some expensive areas are less sought after.
- Castelo Branco is the cheapest municipality.
Where Are Portuguese Families Buying Homes in 2025?
Have you ever wondered why families are flocking to the outskirts of major cities? The answer lies in affordability and convenience. In 2024, data shows that 20 of the top 50 most sought-after municipalities for home purchases are located in the Greater Lisbon area. This trend reflects a growing desire for more space without sacrificing access to urban amenities.
Current Trends in Home Buying Around Lisbon and Porto
The preference for suburban living is clear, with municipalities like Amadora and Oeiras topping the list for homebuyers. Despite the lower prices compared to central Lisbon, the demand is pushing prices up. Here are some key insights:
- 20 out of 50 sought-after municipalities are in Greater Lisbon.
- Oeiras has a median price of €701,174, making it one of the priciest.
- Valongo is the most popular municipality in the Porto district.
- Prices in some areas are rising despite their popularity.
Understanding the Price Dynamics in Portugal’s Housing Market
In the current landscape, prices are climbing even in less central areas. For instance, while the Moita offers homes for around €199,707, Oeiras commands over €700,000. This disparity raises questions about value and investment potential. Are you ready to explore these options?
Affordable Municipalities Worth Considering
For those seeking budget-friendly options, municipalities like Castelo Branco and Moita stand out. With median prices significantly lower than the national average, these areas offer great potential for first-time buyers or investors. Here’s a quick look:
- Castelo Branco: Median price €148,000
- Moita: Median price under €200,000
- Amadora: Most sought after in Greater Lisbon
- Valongo: Leading in the Porto district
In conclusion, the trend of moving to suburban areas continues to grow in Portugal, driven by affordability and accessibility. Whether you’re a local or an international buyer, understanding these dynamics can help you make informed decisions in the real estate market.
