Apartments and houses for sale in Setubal

In Setúbal, amenities that can significantly increase real estate prices include proximity to beautiful natural landscapes, such as the Serra da Arrábida National Park and pristine beaches like Praia da Figueirinha and Praia dos Galápos. Properties with ocean views or those offering easy access to water activities, like sailing and diving, tend to command higher prices. Urban features like vibrant local markets, gourmet restaurants, and cultural venues—such as the Convento de Jesus—also enhance property values. Additionally, high-quality infrastructure, including reliable public transportation and modern healthcare facilities, contributes to increased demand. Features like energy-efficient designs, outdoor spaces, and modern kitchen amenities are attractive to buyers looking for contemporary living in the region.

Several factors influence real estate prices in Setúbal, including location, local amenities, and market demand. Properties near the waterfront or offering scenic views of the Arrábida mountain range typically command higher prices due to their aesthetic appeal and proximity to recreational activities. The presence of quality schools, healthcare facilities, and shopping centers also plays a significant role in attracting families and increasing property values. Additionally, the local tourism industry can impact prices, with seasonal demand driving interest in vacation rentals and second homes. The overall economic environment, including job availability and income levels, contributes to buyer affordability and can either fuel or suppress price growth. Lastly, governmental regulations and zoning laws can affect the supply of new listings, further influencing market dynamics in Setúbal.

Real estate prices in Setúbal have seen a notable upward trend over the past few years, largely driven by increased demand and a growing interest in the region from both local and international buyers. According to recent reports, the average property prices in Setúbal rose by around 15% from 2020 to 2023, with coastal properties experiencing even greater increases. For instance, beachside apartments in areas like Troia have witnessed price surges of up to 25%, fueled by their proximity to the water and improving amenities. Additionally, historical neighborhoods such as the city center have attracted significant investment, leading to revitalization projects that further push up property values. The influx of tourists and expatriates seeking long-term rentals has also added pressure to the housing market, contributing to a decreased inventory of available homes.

The average price per square meter for apartments in Setúbal varies depending on the specific location and type of property. As of late 2023, prices typically range from around €1,500 to €2,500 per square meter. In more desirable areas near the waterfront or the historic center, prices can exceed €2,500 per square meter, especially for properties with sea views or modern amenities. For instance, a two-bedroom apartment in the city center may list for approximately €2,800 per square meter, while properties in quieter, suburban neighborhoods might be found closer to €1,600 to €1,800 per square meter. Additionally, the rise in tourism and investment interest in Setúbal has contributed to fluctuations in pricing, impacting both the rental and sales markets.

In Setúbal, certain neighborhoods are known for higher property prices due to their desirable locations and amenities. For instance, the Troia Peninsula, with its stunning views of the river and direct access to beautiful beaches, is a prime spot where luxury properties command premium prices. Similarly, the historic city center attracts buyers looking for charm and cultural richness, particularly around areas like Avenida Luísa Todi, where traditional architecture blends with modern conveniences. Another noteworthy area is Azeitão, known for its vineyards and picturesque landscapes, where larger villas and estates often come with a higher price tag. Additionally, neighborhoods near the waterfront or with easy access to local parks, such as Parque Urbano da Albarquel, also feature elevated property costs, appealing to those seeking both leisure and community.

Setúbal's real estate prices are generally more affordable compared to nearby cities like Lisbon and Cascais, making it an attractive option for those seeking value. As of late 2023, the average price per square meter in Setúbal hovers around €1,500, while in Lisbon, it exceeds €3,500, reflecting the capital city's high demand and status. Similarly, in Cascais, prices soar to around €4,000 per square meter, driven by its coastal charm and affluent community. The difference is particularly noticeable in the rental market, where a two-bedroom apartment in Setúbal can be found for approximately €800 per month, whereas in Lisbon, such accommodations often start at €1,500. Additionally, suburbs like Almada and Sesimbra offer prices closer to Setúbal's, with averages around €1,700 and €1,300 per square meter respectively, but Setúbal remains a more economical choice for those looking to invest in property without needing to compromise proximity to the Lisbon metropolitan area.

In recent years, rental prices in Setúbal have seen a notable upward trend, largely driven by increased demand from both locals and expatriates drawn to the city’s coastal charm and amenities. According to local real estate reports, rental prices for one-bedroom apartments in the city center have risen to around €800-€1,000 per month, reflecting a significant increase compared to previous years. Areas such as Troia and the historical center are particularly popular, often commanding even higher rates due to their proximity to the beach and vibrant local culture. Additionally, larger family homes in neighborhoods like Azeitão and São Filipe are now listed between €1,200 and €1,800, influenced by a shift in lifestyle preferences post-pandemic. The competition for rental properties is further intensified by limited housing supply, exacerbating price increases.