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To invest or not to invest? This is a question on the mind of the prospective buyer. Is this the right time to invest? Do I have the necessary capital for any investments after the purchase? When in doubt, it’s essential to analyse the potential return on investment.

In this article, we’ll look at the figures and situation of the property market in Lisbon in general and Olivais specifically, including location, amenities, proximity, and even restaurants, among other factors.

Olivais’ unique lifestyle

In this Olivais neighborhood, the big difference is being able to have the amenities of a big city, but with the peace and quiet of life on the outskirts. Who would not want to live in all the comforts, calm, and peace of mind of a neighborhood away from chaos? This is the lifestyle that Olivais offers: plenty of green spaces, the chance to run and cycle in the fresh air, as well as restaurants, culture, and leisure for the whole family.

Jardins dos Olivais

The strategic location of the neighborhood

Very close to Parque das Nações, one of Lisbon’s noblest neighborhoods, just a few steps from the business districts. Its central location, close to the Tagus River, Gare do Oriente, and Lisbon Airport, makes it an attractive place to live and work.

Living in the Olivais neighborhood means having quick and easy access to public transport, including trains, buses, and taxis.

Aeroporto de Lisboa

Parque das Nações has areas for walking and exercising with a marvellous view over the River Tagus, an invitation to a healthier life and to be more in touch with nature.

Culture, schools and leisure in Olivais

Buying a house also means starting a family, which for many people means babies, children, and teenagers. This implies having schools nearby. Olivais offers a number of schools, including some international ones that offer a different kind of education from the national ones.

For both adults and children, the cultural offer is paramount, with the Lisbon Oceanarium, the Pavilion of Knowledge, the Camões Theatre, FIL, Casa da Cultura, and the Library in the Olivais neighborhood. Parents can take their children to any of these cultural centres, giving them a broader knowledge of the world. 

In terms of leisure, the Casino de Lisboa, in Parque das Nações, is a unique attraction for an evening of adrenaline-fuelled experiences and the possibility of winning a lot of money — but also of losing it.

Gastronomic delights in the neighborhood

It’s not just with family or friends. In the business world, it’s also important to have restaurants with food that comforts the stomach and activates the thinking function. Making important decisions that can change the course of a company is always more recommended and effective when you’re well-fed.

Restaurantes nos Olivais

Potential return on investment in Olivais

From an investment point of view, the Olivais neighborhood is a clever choice. Compared to Lisbon’s more central and upmarket neighborhoods, it offers more competitive prices on the property market.

When comparing the Olivais property market with the rest of Lisbon, there are some significant differences, especially in the prices per square metre.

In Olivais, the average price per square metre in October 2023 was €4,026, which represents an increase of 3.6% compared to September and an increase of 14.7% compared to July of the same year. These figures indicate an upward trend in the value of the property market in this area of Lisbon.

On the other hand, across Lisbon as a whole, the average price per square metre in October 2023 was much higher at €5,401. This figure reflects a more modest increase of 1% compared to September 2023. Furthermore, according to Properstar data, in April 2023 average prices in Lisbon were €6,153/m² for flats and €5,519/m² for villas.

This data suggests that although Olivais is experiencing a sharp rise in prices, this area remains more affordable compared to the Lisbon city average. This phenomenon can be attributed to various factors, such as location, types of property available and market demand.

Buying a house in Olivais — quality of life and return on investment

The competitive prices, the potential for appreciation, property diversity, attractive rental income, and excellent quality of life represent an appealing combination for investing in the Olivais property market.

It’s a strategic choice both for those looking for a home of their own and for property investors on the lookout for emerging opportunities in Lisbon.

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