Living in Portugal can be expensive sometimes, especially if you want to live in a city like Lisbon. There are some houses that can be cheaper than the average market prices. Find out where you can find houses that are almost 70% more affordable in Lisbon.
Cheap Lisbon Houses
Lisbon house prices have increased drastically in a few years. This is due to more and more demand for living within the center of Lisbon city. A lot of foreigners are also looking to buy a house in Lisbon which has made a surge in market prices. A citizen with an average salary cannot afford to live in the central areas of Lisbon anymore.
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This is why some of the places on the outskirts of Lisbon city are more affordable for many citizens. People often find cheap but good places to live near the big cities. There are lots of places in the outskirts of Lisbon which can be affordable for many people. Imovirtual has made a list for 5 best places to buy or rent a house.
Best 5 Places To Buy A House Near Lisbon
- Amadora: €240,000 (69% difference in price compared with the city), it is 15 km away from Lisbon
- Seixal: €425,000 (44% difference in price), 20 km away from Lisbon
- Almada: €525,000 (32% difference in price), 15 km away from Lisbon
- Loures: €530,000 (31% price difference compared with the city), it is 15 km from Lisbon
- Odivelas: €600,000 (22% difference in price), it is also 15 km from Lisbon
Best 5 Places To Rent A House Near Lisbon
- Almada: €1,100 per month (43% difference in price compared with the city), it is15 km away from Lisbon
- Amadora: €1,250 per month (36% difference in price), it is 15 km away from Lisbon
- Seixal: €1,312.50 per month (32% price difference), it is 20 km away from Lisbon
- Loures: €1,350 per month (30% difference in price), it is 15 km away from Lisbon
- Alcochete: €1,450 per month (25% price difference compared with the city), it is 40 km away from Lisbon
Imovirtual Statistics For Lisbon House Prices
Imovirtual has released some statistics which indicate that average rental house prices in Lisbon are 1,940 Euros per month. This average price of a house is recorded during the month of November. For those citizens who are looking to buy a house, they have to pay an average price of 764,500 Euros. The rental price of €1,940 marks an increase of 5% compared with last month. Whereas the purchase price of €764,500 marks an increase of 2% in house cost compared with the month of October.
According to the data released by Imovirtual, the trend in market prices for houses in Lisbon has seen an increase in the past few years. This is why more people are now looking for affordable living near the outskirts of the city. The marketing manager at Imovirtual, Sylvia Bozzo, believes that now, the cities or areas around Lisbon are also well developed. A statement by Sylvia can be read as follows:
It has been a while since cities around Lisbon were no longer considered dormitory cities. In addition to maintaining proximity to the economic and cultural center, they are increasingly developed and offer a good quality of life. Therefore, they become an option.
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