Lisbon's Property Hotspots Shift to Setúbal and Outskirts
A crucial market trend has emerged for foreign investors in Portugal: the highest demand for property in the second quarter of 2025 was not in central Lisbon, but in the nearby municipality of Moita, in the Setúbal district. This data, from property portal Idealista, reveals a strategic shift towards more affordable areas within the Lisbon metropolitan region, signaling new opportunities for capital growth.
What Foreign Investors Need to KnowThe report shows that the top 10 most-searched municipalities are all on the outskirts of Lisbon, where house prices are significantly lower. A financial consultant noted, "This is a classic indicator of a maturing market. As central prices rise, demand flows to connected peripheral areas, which then see accelerated appreciation." Moita stands out with a median house price of just €248,000, compared to over €500,000 in Lisbon or €1.3 million in Cascais. This high-demand, low-price combination presents a compelling investment case.
Actionable Steps for Today's Buyer- Follow the Demand: High search volume is a leading indicator of future price growth. Investing in areas like Moita, Amadora, and Alenquer positions you ahead of the curve.
- Analyze Price Gaps: The significant price difference between central Lisbon and these emerging hotspots suggests a strong potential for value appreciation as the gap narrows.
- Assess Infrastructure: Investigate the transport links and planned infrastructure projects in these peripheral municipalities, as improved connectivity will be a key driver of future growth.
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