The Lisbon Coast has enjoyed a building boom over the last few years due mainly to low interest rates, and there's an abundance of property for sale right across the region. However, the Lisbon suburbs has by far the greatest concentration of property for sale as many of the surrounding towns act as dormitory towns for the capital.

In the heart of Lisbon, the Bairo Alto and Alfama probably offer the best opportunities for real estate developers and people looking for renovation projects. Both the Alfama and Bairo Alto are built on hills overlooking the Baixa district of Lisbon that was rebuilt by Marquês Pombal after the earthquake in 1755. There are quaint old apartments for sale, some with excellent views over the river Tagus. However, these properties often require extensive renovation work.

The coastline running west from Lisbon to Estoril and Cascais is a popular area for homebuyers. Property prices are still high but with great beaches and Lisbon only 30 minutes away by train, it's and attractive place to buy a holiday home. You'll find a lot of apartments for sale but there are also townhouses and villas for sale, especially in the Estoril and Cascais areas.

Property prices come down the further north and south you go from Lisbon. The Costa Azul has a real estate development at Aroeira near Caparica. They sell villas and apartments on their golf complex, mainly to people after holiday homes and second homes for weekend use. Further south a new Marina and tourist complex is planned at Setúbal and Tróia, which will also stimulate the property and housing market in the region.