Lisbon and Cascais House Prices Surge Above €5,000 per Square Meter
According to the latest data, the residential market in Portugal's capital and the upscale seaside municipality of Cascais now exceeds €5,000 per square meter. Analysts attribute the rise to high living standards, foreign investment interest, and a shortage of new construction projects.
📌 Key Highlights & Context
- Average price tops €5,000 per m²
- Demand driven largely by overseas investors
- Limited housing supply intensifies price pressure
Portugal's capital Lisbon and the nearby luxury coastal town Cascais have recorded a striking jump in property prices this quarter. Official statistics show the average price per square meter has crossed the €5,000 mark.
Drivers behind the price surge
Economists point to several factors: a high quality of life, growing interest from both European and non‑European investors, and a constrained pipeline of new housing projects.
- Foreign buyer demand rose by 30%.
- New construction permits fell 12% compared with the previous year.
Experts warn that prices are likely to remain elevated and stress the need for increased housing supply in the region.