With the real estate market remaining dynamic in Portugal’s major cities, the most inclusive and diverse neighbourhoods — traditionally associated with the LGBTI community — continue to be among the most sought-after, both by national residents and by foreign buyers and renters. Príncipe Real, Arroios, Marvila or Almada in Lisbon, and Cedofeita, Bonfim or Campanhã in Greater Porto stand out not only for their cultural and urban offerings, but above all for the safe environment they provide. On the occasion of Pride Month, idealista/news once again analyses the trends and price evolution in 2025 to find out how much it costs to buy or rent a home in these areas.

Living in an LGBTI-friendly neighbourhood is increasingly synonymous with quality of life. The growing value of these spaces results not only from their location and infrastructure but also from an inclusive lifestyle, where diversity is embraced and respected as part of the social fabric. “Visibility and safety issues are essential for a neighbourhood to be considered gay-friendly,” explains João Passos, consultant and head of the LisboaPride project.

“The presence of, for example, same-sex couples living in the neighbourhood and going about their lives naturally without issues, and the public celebration of notable community members (street names, municipal facilities, parks or gardens, urban art, etc.), contribute to a sense of belonging. Political factors, such as representation at the parish council level, are relevant, especially when they result in inclusive local policies with educational actions on diversity. And finally, the presence of an open, cosmopolitan and progressive population, with a high level of literacy on gender and sexuality issues, contributes decisively to the recognition of a given neighbourhood as gay-friendly,” he highlights.

An LGBTI-friendly neighbourhood “is not just one where there are queer bars or events. It is a space where diversity is respected at every level: where same-sex couples feel comfortable living openly, where there is representation in cultural spaces, where local services are inclusive, and where the local community is socially aware. Education, neighbours’ attitudes, non-discriminatory policing — all of this matters,” adds João Santos, consultant at João das Casas Imobiliária in Greater Porto.

But after all, how much does it cost today to buy or rent a home in these neighbourhoods known for their openness to the LGBTI community? And what trends mark the Lisbon and Porto markets in 2025, the year when Europride, Europe’s largest LGBTI+ event, takes place for the first time in Portugal, in the capital, with the support of idealista?

LGBTI-friendly neighbourhoods 2025
The evolution of prices in areas traditionally associated with the LGBTI community confirms a trend that is no longer just social or cultural, but also economic: diverse, safe and inclusive neighbourhoods tend to appreciate more. Lisbon leads in absolute appreciation, with areas such as Marvila and Arroios consolidating as emerging hubs. The South Bank is gaining ground with growing demand and still affordable prices.

In Porto, Cedofeita and Bonfim continue to set the pace of diversity, but Campanhã, Antas and Paranhos are starting to make their mark — with growth potential and better quality of life.

Greater Lisbon: appreciation and decentralisation
In Lisbon, classic neighbourhoods such as Príncipe Real and Arroios remain key areas for the LGBTI community.

Data for Misericórdia (Príncipe Real):

  • Buying demand up 27%, supply down 3%

  • Median price: €560,000 (+5% €/m²)

  • Renting supply up 203%, demand down 65%

  • Median rent: €1,650/month (+11% €/m²)

Data for Arroios:

  • Buying demand up 11%, supply down 9%

  • Median price: €498,000 (+7% €/m²)

  • Renting supply up 147%, demand down 58%

  • Median rent: €1,700/month (+12% €/m²)

Data for Marvila:

  • Buying demand up 26%, supply down 3%

  • Median price: €735,179 (+29% €/m², +91% total price)

  • Renting supply up 55%, demand down 58%

  • Median rent: €1,600/month (-1% €/m²)

According to João Passos, Marvila is consolidating as an emerging area, benefiting from urban regeneration, alternative commerce, and improved infrastructure.

Other emerging neighbourhoods include Beato, with its industrial and tech focus; Penha de França and Graça, valued for their views and historic charm; and Intendente, still attractive post-gentrification. Alcântara retains potential with LX Factory and several projects, while Campolide is a discreet but promising area.

On the South Bank, Almada and Caparica continue to offer more affordable prices but with clear appreciation trends. Decentralisation is ongoing, with more people seeking emerging areas with good quality of life.

Data for Almada:

  • Buying demand up 191%, supply down 51%

  • Median price: €289,000 (+16%)

  • Renting supply up 31%, demand down 41%

  • Median rent: €1,200/month (+23%)

Data for Caparica and Trafaria:

  • Buying demand up 169%, supply down 35%

  • Median price: €285,500 (+52%)

  • Renting supply up 73%, demand down 57%

  • Median rent: €1,100/month (+12%)

Investment: demand profile and geopolitical impact
According to the consultant, in the last 12 months, Portuguese buyers led urban rehabilitation investments, driven by lower interest rates and market stability. State aid for young people boosted demand for properties up to €450,000. Internationally, clients continue to come mainly from the US, with interest from Canadians, French, Germans, Dutch and British.

The political landscape has made foreign buyers more sophisticated and strategic. With the end of Golden Visas for housing in Lisbon, some are turning to investment funds to obtain residence permits. Global instability reinforces Portugal as a safe destination, and buyers are increasingly diversified, shifting from simple apartment buyers to long-term investors.

Greater Porto: a more affordable alternative to the capital
In Greater Porto, Cedofeita and Bonfim remain reference areas for the LGBTI community, combining culture, diversity, and a central location. “These are neighbourhoods where urban art, vibrant local commerce, and a young, cosmopolitan population coexist,” says João Santos.

Data for Bonfim:

  • Buying supply up 58%, demand down 24%

  • Median price: €355,000 (+27%)

  • Renting supply up 234%, demand down 72%

  • Median rent: €1,200/month (+27% €/m²)

Data for Cedofeita and surrounding parishes:

  • Buying supply down 6%, demand up 56%

  • Median price: €375,000 (+3%)

  • Renting supply up 254%, demand down 73%

  • Median rent: €1,200/month (+7% €/m²)

Data for Campanhã:

  • Buying supply up 26%, demand up 20%

  • Median price: €368,835 (+18%)

  • Renting supply up 141%, demand down 64%

  • Median rent: €1,100/month (+4% €/m²)

There is a parallel movement toward areas with higher quality of life and some distance from the tourist centre — like Paranhos or Antas, offering good accessibility, more peace, and often more competitive prices, attracting young professionals and LGBTI couples seeking stability.

Regarding nationalities looking at Porto, there is growing diversification. While French and Brazilians traditionally predominated, there is now interest from Italians, Germans, Americans, and even residents from Eastern Europe and the Middle East, many seeking refuge in more open and tolerant countries like Portugal. Porto stands out as an alternative destination to Lisbon, with its own charm and more affordable costs.