Lisbon's Campo de Ourique to Welcome New Luxury Residences in €330M Development Push
Foreign investors have a new high-value opportunity on their radar as developer Alecrim Real Estate (Alecrim RE) announces a €330 million investment into Portugal's residential market. The plan includes eight projects in key investment zones like Lisbon, Cascais, and Comporta, with the first development, 'Metrass', breaking ground in Lisbon's charming Campo de Ourique district.
This initial €7 million project offers a direct entry point into one of Lisbon's most desirable neighborhoods, known for its proximity to international schools and vibrant local commerce.
What Foreign Investors Need to KnowThe 'Metrass' building will feature 10 exclusive apartments, from one to four bedrooms (T1-T4), with prices ranging from €650,000 to €3 million. According to António Velho da Palma, a financial analyst tracking the project, "This development hits a sweet spot for foreign buyers, combining modern amenities with authentic Portuguese design, such as the use of traditional lioz stone." The project's location, just seconds from a future metro station, further enhances its long-term capital growth potential.
Actionable Steps for Today's Buyer- Secure Early Access: With only 10 units available in the initial Lisbon project, early engagement is critical for securing a property, especially the premium T4 unit with a private pool.
- Analyze Future Locations: Alecrim RE has confirmed its pipeline includes projects on the Lisbon waterfront and Cascais coast. Investors should begin due diligence on these areas to anticipate future launches.
- Evaluate ROI Potential: The blend of prime location, high-quality construction, and modern features like smart home access and pet-friendly facilities positions these properties for strong rental yields and appreciation.
- Consider the 'Portugalidade' Factor: The developer's focus on using local materials and respecting cultural heritage adds a unique value proposition that is increasingly sought after in the luxury market.
Explore opportunities with realestate-lisbon.com.
