Oeiras – Real Estate Investment Overview

About Oeiras

Oeiras sits on Lisbon’s western edge, combining Atlantic frontage, business hubs and established residential districts. Its position between the capital and the coast has long made it a distinctive apartment market, with a mix of local convenience, commuter access and lifestyle appeal.

May 2026 points to a market in transition rather than one moving in a single direction. The clearest signal is that apartments are still getting more expensive to rent even as sale pricing remains below last year’s level. Average rent reached €1,700, up 3.0% month on month and 6.9% year on year, while the average sale price stood at €480,000, rising 1.1% over the month but still down 11.9% from a year earlier.

That divergence matters for investors because income is improving faster than capital values. The average price per square metre was €4,800, down 1.0% month on month but up 7.4% year on year, which suggests that shorter-term pricing has softened even as the broader annual level remains elevated. In that context, the current gross yield of 4.14% looks like a compromise between stronger rental performance and a sales market that has yet to recover fully from last year’s decline. For apartment investors, Oeiras is therefore showing a clear tension: rents are edging higher, but purchase prices are still digesting an earlier correction.