Apartments for sale in Lumiar

Real estate prices in Lumiar, a neighborhood in Lisbon, are influenced by several key factors. One major aspect is the proximity to public transportation, particularly the Metro stations, which can increase property values significantly; for instance, properties within a 10-minute walk to the Metro often see prices per square meter exceeding €3,500, compared to around €2,800 in more remote areas. Additionally, the area's amenities, such as parks, schools, and shopping centers, also play a crucial role; homes near the popular Lumiar Garden have been known to command a premium of up to 15%. The overall demand in the Lisbon real estate market, fueled by both local and foreign buyers, has pushed prices upward; for example, the average property price in Lumiar rose by approximately 6% in the last year, reflecting a broader trend in Lisbon where the overall average price per square meter has reached around €4,200. Moreover, the historical significance and character of the architecture in Lumiar can affect desirability, with renovated traditional homes achieving prices above €6,000 per square meter, especially if located in charming streets close to local points of interest.

Over the past year, property prices in Lumiar, a neighborhood in Lisbon, have experienced a notable increase. According to recent market reports, the average price per square meter rose from approximately €3,500 to €4,200, marking an overall increase of around 20%. Residential properties, particularly two-bedroom apartments, have seen their asking prices rise from roughly €300,000 to €360,000 during the same period. Additionally, luxury properties in the area, such as penthouses with panoramic views, have witnessed even more substantial increases, with some listings hitting €1 million or more, reflecting a 25% surge from previous valuations. The demand in Lumiar has been fueled by its appealing mix of amenities and proximity to the city center, leading to increased interest from both local and foreign investors.

The average price of homes in Lumiar, a neighborhood in Lisbon, typically ranges between €2,800 and €4,000 per square meter, depending on factors such as property condition, location, and amenities. For instance, a two-bedroom apartment might cost around €300,000 to €450,000, while larger family homes or recent developments can exceed €600,000. Additionally, more upscale properties near parks or with modern renovations can command prices upwards of €1 million. In contrast, older apartments in less central parts of Lumiar may be available for around €250,000, offering a more budget-friendly option for buyers.

In Lumiar, a neighborhood in Lisbon, real estate prices have shown a notable upward trend in recent years. As of 2023, the average price per square meter in Lumiar has risen to approximately €3,200, reflecting an increase of around 12% compared to the previous year. This surge is driven by a combination of factors, including the area's improving infrastructure and proximity to the city center. For instance, a two-bedroom apartment that was listed at €250,000 in 2021 is now priced at around €280,000, illustrating a significant appreciation in property values. Additionally, larger homes, particularly those with gardens, have seen even more pronounced increases; some have spiked by as much as 15-20% over the same period, with asking prices reaching up to €600,000 for modern three-bedroom houses. These trends indicate a competitive market positioning Lumiar as an attractive option for buyers.

Lumiar's property prices generally range between €2,500 and €4,500 per square meter, depending on the specific location and type of property. For instance, more modern developments closer to the Lisbon Zoo can fetch upwards of €4,000 per square meter, while older, less renovated homes may cost around €2,800. Comparatively, neighboring areas like Telheiras see property prices varying from €3,000 to €5,000 per square meter, often driven by their proximity to public transportation and schools. In contrast, the prices in the adjacent neighborhood of Campo Pequeno typically hover around €3,500 per square meter, influenced by its commercial activity and urban amenities. Meanwhile, the prices in the slightly more affluent neighborhood of Areeiro can exceed €6,000 per square meter, reflecting its desirability and access to central Lisbon.

In Lumiar, the properties that tend to be more expensive are typically larger family homes and high-end apartments, particularly those located in prime areas close to parks and good schools. For instance, four-bedroom villas can average around €500,000 to €800,000, depending on the amenities and condition of the property. In contrast, luxury apartments with modern finishes in well-maintained buildings often start at approximately €300,000 for smaller units and can reach up to €600,000 or more for spacious three-bedroom options with premium views or features such as balconies and pools. Additionally, properties that are newly constructed or recently renovated generally command higher prices, often exceeding €1,000 per square meter, especially in sought-after neighborhoods like the proximity to the Lumiar metro station or near local cultural attractions.

Currently, the real estate market in Lumiar, a neighborhood in Lisbon, shows a varying landscape. As of October 2023, the average price per square meter for residential properties in Lumiar is approximately €3,500, which has seen a slight increase of around 5% from the previous year. However, this is still lower compared to average prices in nearby areas such as Areeiro or Parque das Nações, where prices can reach up to €4,500 per square meter. In Lumiar, you can find two-bedroom apartments ranging from €300,000 to €450,000, depending on their condition and exact location within the neighborhood. Moreover, detached houses are available starting from €600,000, with some premium properties exceeding the €1 million mark, indicating a diverse market catering to different budgets. These figures suggest that while prices are rising, Lumiar's affordability compared to more central Lisbon districts might still appeal to potential buyers.