Despite historically high rental prices, demand for houses near Lisbon continues to soar, making the capital’s surrounding municipalities some of the most sought-after areas in Portugal’s real estate market.
Since the start of 2024, families and young professionals have increasingly opted for Lisbon’s periphery—municipalities such as Vila Franca de Xira, Loures, Odivelas, Amadora, Sintra, Oeiras, and Almada. These areas combine good quality of life, easy access to the city, and relatively more affordable prices compared to central Lisbon. Even though monthly rents often exceed €1,000, proximity to work, education, and efficient public transport make these regions especially attractive.
The shortage of available properties is fueling competition and ensuring the market stays vibrant. Suburbs like Barreiro, Moita, and Montijo are also gaining momentum, offering better infrastructure and rents that appeal to young couples and growing families who need more space without leaving the Greater Lisbon area.
With economic uncertainty and homeownership becoming increasingly challenging, experts predict that demand for rental homes in the Lisbon Metropolitan Area will remain strong. Ongoing improvements to transport and the development of new residential neighborhoods are further enhancing the appeal of Lisbon’s outskirts.
For now, as long as Lisbon itself remains expensive, its neighboring municipalities are expected to continue absorbing much of the housing demand, confirming the resilience and dynamism of Portugal’s suburban real estate market.
