Market Intelligence & Analysis
12 min read

Buy in Cascais Now: Secure Your Home as Council Ends Speculation

In a decisive €30 million move, the Cascais municipality just took future development off the table in a prime area. For luxury and family home buyers, this is a critical signal to act now.

A Market Redefined: Scarcity and Green Space Drive Value

The game has just changed for property buyers in Cascais. On November 12, 2025, the Cascais Municipal Council took the extraordinary step of acquiring 450,000 square meters of prime land in the highly sought-after Aldeia de Juso-Birre-Areia corridor. This wasn't for a new luxury condo project. It was to end what the mayor called "megalomaniac real estate projects" and guarantee the area remains green forever.

For you, the buyer, this is a two-fold opportunity. First, the creation of the largest urban park in Cascais's history will massively enhance the quality of life and desirability of the surrounding neighborhoods. Second, and more critically, it permanently removes a vast tract of land from the private development pipeline. This creates artificial scarcity. With future supply now capped, existing homes in Cascais, particularly family villas and luxury apartments, have just become significantly more valuable. To understand the broader market dynamics in this region, explore our comprehensive market insights for the Lisbon metropolitan area.

An aerial view of a lush, green, and undeveloped area of land in Cascais, bordered by residential neighborhoods, representing the land acquired by the council.

Search for Your Cascais Dream Home in a Protected Landscape

This move solidifies Cascais's reputation as a premier global destination. A recent Savills report from November 11, 2025, already ranked Cascais as the 33rd most sought-after destination for millionaires worldwide. The council's commitment to preserving green space over maximizing development density will only enhance this appeal. High-net-worth buyers are increasingly prioritizing privacy, space, and quality of life—exactly what this project delivers. Our investment and strategy guides offer deeper insights into why Cascais continues to outperform other European markets.

Feature Before Council Action After Council Action
Future Land Use Uncertain, risk of dense private development Guaranteed public park & limited public housing
Property Supply Potential for thousands of new units Future supply is now severely limited
Value Driver Speculation on future development Scarcity of existing homes, quality of life

By choosing to buy now, you are investing in a municipality that actively protects its character and your investment. This isn't just about buying a house; it's about securing a foothold in a community with a clear, sustainable, and high-value future. Understanding the location-specific factors in Cascais is crucial for making an informed decision. Our international client specialists can provide further context on why this makes Cascais a uniquely secure investment.

With future development in this key area halted, the inventory of available luxury homes is now finite. Before making your purchase, use our True Cost Calculator to understand the full financial picture of your Cascais investment. Let us help you find your perfect family home in Cascais before this new market reality is fully priced in.

Find Your Sanctuary: Prime Properties Available Near the Future Park

The neighborhoods of Birre and Areia are now the most desirable locations for families and luxury buyers. For those considering new construction, explore our curated selection of off-plan properties in Cascais that are already in development. We have exclusive access to properties that will directly benefit from this visionary project:

  • Modern 4-Bedroom Villa in Birre: A stunning contemporary home with a private pool and garden, just minutes from the future park. Offers the perfect balance of privacy and community access. Price: €2.5 million.
  • Spacious Family Home in Areia: A traditional Portuguese villa with 5 bedrooms and expansive grounds, offering a tranquil retreat with easy access to the A5 and central Cascais. Price: €1.8 million.
  • Luxury Penthouse with Sea Views: For those who want it all, a penthouse apartment offering panoramic views, close to both the sea and the new green lung of Cascais.

If you're interested in understanding the investment potential of these properties, our ROI & Rental Yield Calculator can help you analyze projected returns based on current market conditions and the impact of this new development.

A beautiful modern luxury villa in Cascais with a pristine swimming pool, lush garden, and elegant architecture.

Essential Considerations for Your Cascais Purchase

Buying property in Portugal requires careful navigation of legal and financial processes. For international buyers, working with experienced international property lawyers is essential to ensure all documentation is properly handled. Additionally, understanding the financial landscape, including mortgage options and tax implications, will help you make a sound investment decision.

The council's commitment to sustainable development aligns with broader environmental initiatives across Portugal. Learn more about how sustainability considerations are shaping property values in the region. For first-time buyers navigating this exciting but complex market, our specialized agents for first-time buyers can guide you through every step of the process.

Your Questions Answered: Buying in the New Cascais

What land did the Cascais council just buy?

On November 12, 2025, the Cascais council announced it exercised its right of first refusal to acquire 450,000 square meters of land in the Aldeia de Juso, Birre, and Areia area. The €30.2 million purchase from a real estate fund was made to halt private real estate speculation and preserve the area as green space.

How does this land purchase affect property buyers in Cascais?

This is a major market event. By removing a huge parcel of land from private development, the council has artificially limited the future supply of new luxury homes in this strategic area. Basic economics dictates that when supply is constrained and demand remains high, the value of existing properties increases. It makes buying an existing luxury property in Cascais a more urgent and secure investment.

What will be built on the acquired land?

The majority of the land (434,600 m²) will become the largest urban park in Cascais's history, five times the size of Parque Marechal Carmona. A portion will also be used for municipal public housing, including options for the middle class, and a new multi-purpose pavilion for sports and cultural events.

Why is Cascais so popular with high-net-worth individuals?

A November 11, 2025 report from Savills confirms Cascais is a top global destination for millionaires, ranking 33rd worldwide. It offers an exceptional quality of life, security, international schools, and a unique coastal lifestyle, all while being close to Lisbon. This high demand from affluent buyers underpins the market's long-term value.

Will this new park increase the value of my property?

Almost certainly. Proximity to large, protected green spaces is a major driver of property values globally. The new park will significantly enhance the quality of life for nearby residents, making the surrounding neighborhoods of Birre and Areia even more desirable for families and luxury buyers. This is a long-term value creator for the entire area.

Is the government supporting this kind of sustainable development?

Yes, this aligns with national policy. On November 12, 2025, the Minister for Housing emphasized the importance of urban rehabilitation and creating green spaces as part of a holistic housing policy. Cascais's move is a prime example of this strategy in action, ensuring that growth is balanced and sustainable. You can read more on our sustainability news page.

What kind of 'megalomaniac projects' were stopped?

While specific details were not all public, Mayor Nuno Piteira Lopes mentioned that past proposals for the site included a project by the Aga Khan Foundation and other large-scale, dense real estate developments. The council's action has permanently protected this ecologically valuable area from such high-density construction.

How can I find a family home in Cascais near this new park?

The neighborhoods of Birre, Aldeia de Juso, and Areia are now prime locations. Our agents have deep expertise in these areas and can help you find the perfect family villa or luxury apartment that will benefit from this new green lung. Given the new supply constraints, it's wise to start your search now. Let us know your family's needs to begin.

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Nikola Zdraveski

Nikola Zdraveski

Real Estate Expert

November 18, 2025
Lisbon, Portugal

Market intelligence expert who provides the analytical foundation for all investment decisions at Real Estate Lisbon. Nikola's comprehensive market reports and valuation models have guided over €8 million in successful property investments, with clients achieving strong returns through data-driven investment strategies.

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