As housing prices in Lisbon continue to soar, many are seeking more affordable living options in nearby areas. But which cities near the capital offer the best balance of affordability and accessibility?
According to the latest report from Imovirtual for November, the average rent in Lisbon has reached approximately €1,940 per month, while the average home price stands at €764,500. These figures reflect a 5% increase in rent and a 2% rise in house prices compared to the previous month. This upward trend has prompted more people to explore less expensive alternatives outside the capital.
Based on the data from Imovirtual, here are the top 5 cities near Lisbon offering more affordable rent and property prices:
Rent:
- Almada: €1,100 per month, 43% cheaper than Lisbon, 15 km from the city.
- Amadora: €1,250 per month, 36% cheaper, 15 km from Lisbon.
- Seixal: €1,312.50 per month, 32% cheaper, 20 km from Lisbon.
- Loures: €1,350 per month, 30% cheaper, 15 km from Lisbon.
- Alcochete: €1,450 per month, 25% cheaper, 40 km from Lisbon.
Buy:
- Amadora: €240,000, 69% cheaper, 15 km from Lisbon.
- Seixal: €425,000, 44% cheaper, 20 km from Lisbon.
- Almada: €525,000, 32% cheaper, 15 km from Lisbon.
- Loures: €530,000, 31% cheaper, 15 km from Lisbon.
- Odivelas: €600,000, 22% cheaper, 15 km from Lisbon.
Sylvia Bozzo, Marketing Manager at Imovirtual, commented, “The cities surrounding Lisbon are no longer just dormitory areas. In addition to being close to the economic and cultural hub, these areas are rapidly developing, offering a high quality of life. As a result, they have become a viable and attractive option for those seeking affordable living without compromising proximity to Lisbon.”
These areas provide a practical solution for those who wish to live near the capital while avoiding the sky-high prices of Lisbon itself.
