Lisbon District Home to Seven of Portugal's Ten Priciest Streets
A new market analysis released by the property portal Idealista has confirmed the Lisbon district's status as the epicenter of Portugal's luxury real estate market, with seven of the nation's ten most expensive streets located within its boundaries. The report details the average property prices in the most exclusive residential addresses, revealing a market segment that continues to command multi-million euro valuations.
The study identified the most expensive streets by analyzing the average prices of houses and apartments listed for sale, considering only streets with a minimum of ten unique advertisements to ensure statistical relevance. Topping the national list is the Urbanização Quinta do Lago in Almancil, part of the Algarve's famed 'Golden Triangle', where the average asking price reaches €8,106,364. However, the concentration of high-value property is most evident in the areas surrounding the capital.
In the Lisbon district, the municipality of Sintra hosts the second most expensive street in the country, Rua Soto Maior, with an average property value of €3,900,000. The coastal town of Cascais also features prominently, with Rua Faias and Rua dos Pinheiros posting average prices of €3,589,091 and €3,312,105, respectively. The neighboring resort town of Estoril is home to two of the top ten streets: Rua Melo e Sousa, with an average price of €3,554,768, and Rua do Pinhal at €3,195,000.
The city of Lisbon itself is represented by Avenida 24 de Julho, a major riverside avenue, where the average price for a high-end home is €3,054,850. The list is rounded out by Rua Carreira de Tiro in Barcarena, part of the Oeiras municipality, with an average price of €3,021,933, further cementing the region's dominance in the luxury sector. The only other locations outside the Lisbon district to make the top ten were in the Algarve (Lagos) and Setúbal (Carvalhal).
A spokesperson for a leading real estate consultancy in Lisbon commented on the findings, stating, "These figures demonstrate the sustained demand for premium properties in prime locations around Lisbon. International buyers and high-net-worth individuals are drawn to the quality of life, security, and investment potential offered by areas like Cascais, Sintra, and specific zones within Lisbon city. The scarcity of available properties on these desirable streets naturally drives up the price."
The report from Idealista underscores the bifurcation of the Portuguese property market. While widespread debate continues regarding housing affordability for the general population, the luxury segment remains robust, driven by a different set of economic factors and a global client base. The concentration of these high-value streets in the Lisbon district highlights its importance as the primary hub for both business and luxury lifestyle in Portugal.
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