Lisbon's Campo Grande: New €275M Project Reveals Key to Local Market Success
For foreign investors trying to understand the Lisbon property market, the success of the new NoLiPa development in Campo Grande offers a crucial insight: the domestic buyer is back and driving demand. With 90% of the initial sales going to Portuguese clients, this €275 million project by developer AVENUE highlights what makes a real estate investment in Lisbon truly secure.
What Foreign Investors Need to KnowThe project's immediate popularity is a testament to its strategic location and design. "Nolipa is in a privileged area of Lisbon, highly sought after by the national market," confirms Aniceto Viegas, CEO of AVENUE. The development offers families a blend of urban living and neighborhood feel, with excellent access to the metro, schools, and green spaces. For an investor, this strong domestic demand translates to a lower-risk asset with a stable, built-in market for rentals and future resale, reducing dependency on tourism or foreign buyer trends.
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Actionable Steps for Today's Buyer
- Follow the Local Money: The high percentage of Portuguese buyers is a strong vote of confidence. Invest in areas and project types that are popular with locals to ensure long-term stability.
- Prioritize Family-Friendly Features: The success of NoLiPa's T3 apartments (the most common type) and its proximity to schools and parks show the strength of the family market.
- Invest in Connectivity: A location with easy access to the metro and major highways is a top priority for Lisbon residents and a key driver of property value.
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