Cascais Property Values Set to Rise with New Urban Park Development in Parede
Foreign investors with an eye on the Cascais real estate market have a new positive indicator to watch. The municipality is advancing with the large-scale requalification of the Bataria da Parede, turning a 7-hectare former military site into a vibrant urban park. This significant investment in green infrastructure is expected to enhance the desirability and value of properties in the surrounding area.
What Foreign Investors Need to KnowThe project, which will deliver its first phase by September 2025, is a strategic investment in public amenities that directly impacts real estate. 'Green spaces are a top priority for many international buyers,' states a Cascais property consultant. 'A project of this scale, which combines leisure facilities with a unique historical museum, significantly boosts the appeal of a neighborhood. We anticipate a direct, positive effect on property valuations in Parede and its vicinity.' The park will feature playgrounds, sports areas, and pedestrian paths, alongside a museum integrated into the old military tunnels and observation posts.
Actionable Steps for Today's Buyer- Identify Nearby Properties: Investors should research properties within walking distance of the new park, as these are likely to see the most significant appreciation.
- Factor in Future Value: When evaluating property prices in the area, consider the future value added by the completion of this major public amenity.
- Target Family Rentals: The new park will be a major draw for families, making it a prime location for investing in family-oriented rental properties.
- Explore Long-Term Growth: This type of infrastructure investment signals the municipality's commitment to the area's long-term quality of life, underpinning stable, long-term capital growth.
The transformation of the Bataria da Parede is a clear example of how public investment can create private real estate value. Explore opportunities with realestate-lisbon.com.
