The latest Migration and Asylum Report 2024, published by AIMA, confirms what the market already knew: Greater Lisbon is by far the most sought-after region for foreigners choosing to live in Portugal.
When combining the municipalities of Lisbon, Sintra, Cascais, Oeiras, Amadora, and Loures, the metropolitan area of the capital concentrates nearly 40% of all foreign residents in the country, reinforcing its position as Portugal’s leading hub for investment, tourism, and quality of life.
Lisbon Leads in the Number of Foreign Residents
Official data highlights the scale of this concentration. Lisbon leads by a wide margin, with 202,430 foreign residents, followed by Sintra (96,587) and Cascais (56,185). Next come nearby municipalities such as Amadora (55,573), Loures (51,834), Odivelas (51,032), and Oeiras (27,649).
Together, they form a major urban corridor that stretches from the historic center of Lisbon to the coastline of the so-called Portuguese Riviera — home to some of the country’s most prestigious and valuable areas.
In fact, nine of the twelve municipalities with the highest number of foreign residents belong to the Lisbon Metropolitan Area, totaling 614,486 people (39.8%).
Why Greater Lisbon Is the Top Choice for Foreigners
The appeal of Greater Lisbon goes far beyond its economic relevance. The region combines multiple factors that make it particularly attractive to those arriving from abroad. Lear more about the main neighborhoods to live in Lisbon
In addition to being close to Lisbon’s international airport — which provides direct connections to Europe, the Americas, and Asia — the climate is a major draw. With over 250 sunny days per year, mild winters, and pleasant summers (less hot than the Algarve and warmer than the north), the weather perfectly complements the lifestyle.
Another key factor is the cosmopolitan infrastructure. Greater Lisbon is home to Portugal’s top international schools — including TASIS Portugal, Carlucci American International School, and St. Julian’s School — as well as leading universities and business hubs.
The region also offers an exceptional quality of life, blending beaches and nature with world-class amenities. Highlights include the Sintra Mountains, Sintra-Cascais Natural Park, and beaches such as Guincho, Estoril, and Carcavelos. Add to that world-renowned cuisine, a rich cultural scene, and a relaxed lifestyle — and it’s easy to see why so many expats and investors choose Lisbon.
See also: Best Neighborhoods in Cascais to Live or Invest
Porto and the Algarve Remain Popular but Trail Behind the Capital
While Porto and the Algarve continue to be highly desirable destinations, their numbers of foreign residents are significantly lower. The Porto district counts 158,229 foreign residents, while Faro — representing the Algarve — has 167,321.
These figures show that, despite the growing popularity of these regions, especially among British and Northern European buyers, Greater Lisbon remains the main center for foreign residents and international investment.
The reason lies in the balance Lisbon offers: it’s the country’s administrative, cultural, and financial capital, providing quick access to beaches, nature, top schools, airports, and a vibrant urban lifestyle — something that’s hard to find elsewhere in Portugal.
The Role of CAP International
CAP International is a global real estate agency specializing in Portugal, with expertise in the regions that most attract international buyers and investors — including Lisbon, Cascais, Sintra, and the Algarve.
The company offers comprehensive support to anyone looking to invest or relocate to Portugal, focusing on luxury real estate, lifestyle, and tailored strategies for each client profile.
To learn more about the Portuguese real estate market and investment opportunities in Lisbon and surrounding areas, get in touch with CAP International. You can contact us directly via WhatsApp: +351 91 252 9806 (Bruna Barros).