Real estate prices in Óbidos are influenced by several key factors, including location, property type, and the historical significance of the area. Proximity to the walled medieval town, with its cobbled streets and well-preserved architecture, can significantly boost property values, as buyers often seek the charm and character offered by such locations. The appeal of Óbidos as a tourist destination adds another layer of demand, with investors interested in purchasing homes for short-term rentals, particularly during the lucrative summer months. Additionally, the condition of the property plays a crucial role; modern renovations or unique features like views of the surrounding countryside or proximity to local amenities can elevate a property's price. Local economic factors, including the availability of jobs and general infrastructure development, also impact the real estate market, as they affect the overall desirability of living in Óbidos. Lastly, seasonal trends in tourism and foreign investment can create fluctuations in demand, further affecting prices in this picturesque town.