Updated: October 30, 2023

Often referred to as “The Village Within the City”, Campo de Ourique’s inherent character is reminiscent of a time when life moved at a more languid pace. The vibrant Mercado de Campo de Ourique, for instance, serves as a focal point of the community, where vendors hawk fresh produce, gourmet delicacies, and artisanal goods.  

When it comes to real estate, Campo de Ourique has gradually emerged as an undiscovered treasure. Property enthusiasts will find a range of options, from quaint, sun-drenched apartments that offer glimpses of the Tagus River to modern duplexes that seamlessly blend the old with the new.   

With Lisbon’s growing prominence as a global hub for technology and business, investing in a district like Campo de Ourique, known for its tranquillity and cultural richness, makes for a prudent choice. This article discusses the nuances of the real estate opportunities in this enchanting neighborhood that will guide potential investors on their journey to owning a piece of Lisbon’s legacy.  

Why Campo de Ourique real estate?

Campo de Ourique sits just outside the heart of Lisbon, providing an appealing option for those mindful of their budget since property prices haven’t soared as they have in central locations. This welcoming neighborhood is not just pocket-friendly; it also boasts a variety of housing choices and a family-friendly vibe. It even has one of Lisbon’s favorite dog parks.   

Let’s delve into more reasons why you might want to give this area a closer look.  

Charming neighborhood with timeless appeal  

Campo de Ourique is a neighborhood that exudes timeless charm. With its cobblestone streets, historic architecture, and an inviting sense of community, it offers a unique ambiance that’s hard to find elsewhere. When you invest in Campo de Ourique real estate, you’re not just buying property; you’re becoming a part of a living, breathing community that values tradition and heritage.  

Stable and resilient real estate market  

One of the most compelling reasons to choose Campo de Ourique is its remarkable stability in the real estate market. This neighborhood has consistently maintained its property values, even during challenging economic times. This makes it an attractive prospect for those seeking a dependable and secure investment opportunity that can withstand market fluctuations.  

An excellent choice for lifestyle buyers and families  

Living in Campo de Ourique offers unparalleled convenience. Here, you’ll find a thriving local economy with a plethora of shops, boutiques, cafes, and restaurants, eliminating the need for constant trips to the city center. Additionally, the neighborhood boasts excellent schools and parks, creating an environment where you can enjoy a fulfilling and well-rounded lifestyle right at your doorstep.   

Proximity to the city center  

Campo de Ourique strikes an ideal balance between suburban serenity and urban accessibility. While it offers the tranquility of a village, it’s very close to Lisbon’s bustling city center. This means that, as a resident, you can effortlessly access the city’s cultural events, business opportunities, and vibrant nightlife while returning to your peaceful oasis at the end of the day.  

The perfect blend of history and modernity  

One of the neighborhood’s standout features is its diverse real estate offerings. Whether you’re captivated by the grandeur of historic buildings or prefer the sleek modernity of contemporary condominiums, Campo de Ourique has something to suit your taste. This variety allows you to invest in a property that aligns perfectly with your preferences and lifestyle, making it a truly personalized real estate choice.  

The Property Market in Campo de Ourique

Campo de Ourique real estate features mostly apartments and few houses. It is perfect for investors looking for long-term rentals or for foreigners wanting to move to the city and experience the tranquillity of the neighborhood without sacrificing accessibility to the central areas.  

While the area is mostly home to Portuguese residents, it also attracts families from abroad and other expats, drawn to the wide variety of shops and services found in the area and the charming architecture.      

The appeal of Campo de Ourique Lisbon real estate  

Campo de Ourique real estate is symbolic of the city’s vibrant evolution. Over the years, the market has grown in demand due to its unique blend of the tradition with a modern, contemporary touch. Situated conveniently close to the heart of the city, properties in this area provide excellent access to amenities such as the Amoreiras Shopping Centre and public landmarks like Jardim da Estrela and Jardim da Parada.   

Whether you are looking for an apartment with an expansive gross floor area or a cozy space with a gross private area, Campo de Ourique has properties that cater to a myriad of search criteria. Another irresistible feature of many apartments here is their excellent sun exposure, allowing residents to enjoy the radiant sunrays of the vibrant city. For those who love a room with a view, many properties offer breathtaking city views, further enhancing the living experience.  

Visitors looking for a quiet escape will find an advantage in the historic properties near the capital’s coastline. Many of these rooms present a blend of the old and the new. Guests can enjoy sunrises from the terrace or take a train ride to explore nearby gardens.  

The presence of an ancient church adds to the serene atmosphere, making it a preferred visit for those interested in history. These properties usually feature spacious bedrooms, and some even come with their own private gardens. Given the area’s historic significance, many of these bedrooms have maintained their classic charm while providing modern comforts.  

Whether it’s a short visit or an extended stay, the beaches and historic sites offer an unparalleled advantage. The gardens, the terrace views, and the proximity to the capital’s main attractions ensure visitors have plenty to explore and experience.   

Property prices  

The average asking price of real estate in Campo de Ourique is 6,576. The price indicates that Campo de Ourique is a premium or upscale neighborhood. It also reflects the area’s amenities, historical value, or overall desirability.   

Investment potential   

Campo de Ourique’s strategic positioning offers strong appeal for people who want city convenience without the chaos. The area boasts a mix of beautiful Art Nouveau buildings and modern apartments, making it suitable for various investment preferences. The presence of local markets, trendy cafes, and boutique shops creates a lively community atmosphere. As Lisbon continues to grow as a hotspot for international investors and expats, Campo de Ourique’s balanced blend of local tradition and cosmopolitan vibes means it is a prime area for real estate investments.  

Rental Yield  

The gross rental yield in is 3.88 percent. A yield of 3.88 percent indicates that, for every €100,000 invested in a property, one might expect a gross annual return of €3,880 from rent.s  

Housing Options in Campo de Ourique

If you are looking for properties for sale in Campo de Ourique, you will find a range of property types, from chic apartments with a contemporary touch to more traditional homes that resonate with the city’s historic charm.   

Near the Santo Condestável church, you’ll find residences equipped with essential amenities such as a storage room or even an underground parking space, perfect for city dwellers. With its perfect blend of the past and the present, Campo de Ourique truly offers a slice of the vibrant city life every resident dream of.  

Here are some of the main property types you can find in Campo de Ourique:  

  • Apartments: Apartments are the most common housing type in Campo de Ourique. They range from compact one-bedroom units to spacious penthouses. Many of these apartments are situated in well-maintained historic buildings, offering a blend of traditional charm and modern amenities. Some newer developments also offer contemporary apartment living.  
  • Townhouses: Campo de Ourique features townhouses, which are often characterized by their classic architecture and multiple floors. These properties provide more space and privacy compared to apartments. They can vary in size and style, offering options for families and individuals alike.  
  • Condominiums: Condominiums or condo developments have become increasingly popular in Campo de Ourique. These offer a sense of community and often come with shared amenities such as swimming pools, fitness centers, and communal gardens. Condos can vary in size and style, catering to a wide range of preferences.

Exploring the Local Life in Campo de Ourique  

A stroll through Campo de Ourique paints a vivid picture of what life in this delightful district is all about. At its heart lies the Campo de Ourique Market, a bustling hub where locals and visitors alike gather to savor authentic Portuguese cuisine, purchase fresh produce, or simply soak in the calm, yet happening, ambiance. There’s no shortage of shops and restaurants offering a blend of traditional and modern flavors.   

Strategic location If there’s one thing residents adore about Campo de Ourique, it’s the convenience. The district is perfectly located, with close proximity to both the Humberto Delgado Lisbon Airport and various public transport options.   

Moreover, the district is close to main city attractions, including Avenida da Liberdade, and just a short drive from the golden sands of Carcavelos Beach. For daily commutes or spontaneous city adventures, public transportation in Campo de Ourique Lisbon is efficient and reliable, connecting residents to the city’s best shops, restaurants, and entertainment hubs.

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Conclusion

Campo de Ourique offers a distinct blend of old and new, making it a top choice for real estate in Lisbon. There is an array of key benefits to investing in this charming part of the city.   

This neighborhood combines tranquility with convenience for a calm environment just moments away from the heart of Lisbon. Real estate in Campo de Ourique has shown resilience in market fluctuations, making it a sound investment choice.   

Also, the rich culture, plethora of local amenities, and strong sense of community further enhance its appeal for both residents and investors.  

If you’re considering a purchase in this neighborhood, engaging with real estate professionals can be beneficial to guide you through the property buying process.  

Goldcrest stands beside homebuyers every step of the way. From the initial property search to ensuring a smooth move-in, we make sure you find the perfect home and settle in without a hitch.

Frequently Asked Questions about Real Estate Campo de Ourique

What are the legal considerations for buying property in Campo de Ourique as a foreigner?

Portugal has relatively straightforward property purchase procedures for foreigners. However, it’s advisable to work with an experienced real estate lawyer who can guide you through the process, ensure compliance with legal requirements, and provide insights into tax implications and residency options if applicable.

Yes, Campo de Ourique is known for being family-friendly. It offers a safe and welcoming environment with excellent schools, parks, and recreational facilities. Many families are drawn to this neighborhood for its quality of life and sense of community.

The average asking price of real estate in Campo de Ourique is 6,576.  

Do note that real estate prices can fluctuate over time due to market conditions, demand, and other factors.

Campo de Ourique is a charming and sought-after neighborhood in Lisbon known for its historic architecture, tree-lined streets, and a mix of traditional and modern properties. Real estate in Campo de Ourique offers a unique blend of old-world charm and contemporary living, making it a desirable choice for both locals and expats.

Campo de Ourique offers a diverse range of properties, including apartments, townhouses, and some single-family homes. You can find everything from renovated historic buildings to modern condominiums catering to various lifestyle preferences.

Campo de Ourique boasts a wealth of amenities, including shops, cafes, restaurants, schools, parks, and public transportation options. It’s a self-sufficient neighborhood that offers residents a convenient and enjoyable lifestyle. A 20-minute drive from Campo de Ourique will conveniently take you to the Lisbon International Airport

Campo de Ourique benefits from excellent transportation links, including bus and tram lines that connect it to other parts of Lisbon. Additionally, the neighborhood is within walking distance of major attractions and is well-connected to the city’s public transit network, making it convenient for both commuters and those who want to explore the city.