Cascais Real Estate Market: News, Prices and Trends

Cascais, a high-end seaside resort located west of Lisbon, is known for its golden beaches, bustling marinas, and cosmopolitan charm. Seen as a quieter (and more chic) alternative to the capital, it attracts many buyers looking for a second home or a place to retire in the sun.

In this article, we will explore the real estate market in Cascais, its price per square meter, current trends, and market evolution.

Current Real Estate Market in Cascais

Cascais is experiencing strong demand for residential and vacation properties, thanks to its direct proximity to Lisbon and its high-quality infrastructure. The town offers a unique blend of tradition and modernity, with charming historic neighborhoods and very luxurious recent developments. Investments in local infrastructure, such as the improvement of public spaces and the renovation of buildings, have increased the appeal of this prestigious destination. Buyers are mainly looking for apartments in the city or houses with pools in the surrounding areas.

Price per Square Meter in Cascais

The real estate market in Cascais is characterized by high prices, reflecting the quality and exclusivity of the properties available. Here is an overview of the average prices:

• Apartments: €6,200/m² on average. Apartments in Cascais sell for between €400,000 and €800,000, depending on location and amenities. Luxury apartments or those near the waterfront can fetch higher prices.
• Houses: €6,400/m². House prices generally start around €800,000 and can exceed €3 million for the most prestigious properties, especially those with sea views or located in exclusive residential areas.

Where to Buy in Cascais?

Cascais has several neighborhoods, each with its own unique features and attractions.

• Historic Center: This area is prized for its picturesque ambiance, cobblestone streets, and colorful buildings. Buying property in this zone allows you to live in the heart of the action with easy access to restaurants, shops, and beaches.
• Estoril: Known for its casino and beaches, Estoril is a popular choice for those looking for beachfront property. Residences in this area often offer stunning ocean views and easy access to Lisbon via the coastal train line.
• Quinta da Marinha: This exclusive residential neighborhood is renowned for its luxurious villas and world-famous golf courses. It is an ideal place for those seeking tranquility and privacy in a natural setting.
• Birre: Located inland, Birre offers traditional houses and modern villas. This neighborhood is perfect for families due to its schools, parks, and leisure facilities.
• Monte Estoril: This elegant neighborhood offers a mix of historic houses and modern apartments with spectacular sea views. Monte Estoril is appreciated for its calm and sophisticated ambiance.

Market Trends in Cascais

The real estate market in Cascais has been gaining popularity over the past decade. Prices are steadily increasing, promising a good investment.

Cascais is very popular with international buyers, mainly from the UK, France, Germany, the Netherlands, and Belgium, who are looking for second homes or retirement places.

If you are looking for a vacation home, Cascais offers a very good return on investment for rentals in any season, thanks to the many attractions of the town and its proximity to Lisbon.

Conclusion

The real estate market in Cascais continues to thrive, supported by strong international demand and recent developments. Whether you are looking for a second home, a rental investment, or a retirement place, Cascais offers an alluring combination of luxury, amenities and an exceptional living environment.

Photo: Apartment for sale by Draft in Homes on Green acres