House prices shoot up 30% on Lisbon’s South Bank in 1Q
The municipalities on the south bank of the Tagus River have been the main drivers of house price increases since the start of the year, registering appreciations of over 30% in the first quarter.
This is according to data from the Confidencial Imobiliário Residential Price Index. During the period under analysis, the municipality of Moita showed an increase of 35.6%, followed by Barreiro and Seixal, both around 31%.
Also showing significant increases were the municipalities of Alcochete with a year-on-year increase of 21.7%, followed by Almada 20.2% and Montijo 17.4%.
These price increases were also reflected in the price per square meter, which on the south bank of the Tagus River exceeded €3,000 in the first quarter, with Almada reaching an average sales price of €3,502 per square meter, while Barreiro and Seixal surpassed the €3,000 mark for the first time, with €3,092 euros and €3,066 euros per square meter, respectively.
In turn, in the municipalities of Moita, Alcochete, and Montijo, prices ranged between €2,424 and €2,877 per square meter. These increases are significant, considering that in 2024, values ranged from €1,700 per square meter in Moita to €2,500 per square meter in Almada.
On the other hand, the municipalities of Lisbon, Oeiras, and Cascais saw year-on-year growth between 15% and 17%, with prices per square meter ranging from €4,800 to €5,900.
Ricardo Guimarães, Director of Confidencial Imobiliário, stated that “recent trends reinforce the role of the South Bank as one of the main centres of real estate price appreciation in the Lisbon Metropolitan Area, reflecting the combination of still relatively more competitive prices, growing residential demand, and a gradual—but still insufficient—adjustment of supply.”
Source: Confidencial Imobiliário; Credits: Moita – Visit Portugal.
