In recent years, the dynamics of the Portuguese real estate market have shown a shift in focus, not so much by choice, but out of necessity. The growth of peripheral cities has been an increasing trend, and although these cities offer a viable alternative for housing, they still face some challenges, particularly regarding mobility and connectivity with major urban centers.
It is well known that large cities like Lisbon and Porto not only concentrate jobs but also the highest number of cultural offers, services, and infrastructures.
However, cities like Gondomar, Torres Vedras, Vila Franca de Xira, or Barreiro have experienced substantial growth, and the reasons are clear: they offer a real alternative to the pressure in major urban centers, providing housing at a more affordable price and with a less “fast-paced” lifestyle.
“The bet on housing acquisition in these cities, which have provided higher appreciation, can favor the increase of wealth in assets.”
Even from a future perspective, considering that in Portugal the main savings instrument for families has been homeownership, the bet on housing acquisition in these cities, which have provided higher appreciation, can favor the increase of wealth in assets.
It is evident the importance of medium-sized cities for the balance and organization of the urban system in our regions.
The strengthening of investment in transport infrastructure and in the establishment of wealth-creating and innovative companies is crucial, and will allow them to be more complete urban centers, with more accessible options than in the main cities, in a residential market that is still very dependent on the availability and cost of credit.
