Parede is a very nice balance between Lisbon and Cascais. It is not as hot as Lisbon (there can be 4-8 degree Celsius difference between Lisbon and Cascais) which is really nice in hot summer days. And the train line allows you to go to either place conveniently and either way it won't feel too far. During rush hours, Parede is also pretty much the last stop you can get a seat on the train to Lisbon. The town center also has the most number and variety between Oeiras and Cascais (multiple grocery shops, all the banks, dance school, Padel court, etc.). You can take care of all your needs without leaving town. It is mostly local and so the restaurant prices are also very reasonable, with a strong community feeling. I have met quite a few young German neighbors professionals who either work remotely or near the tech parks in Oeiras here so there are definitely expat/foreigners around, but not enough to dilute the authentic Portuguese vibe (In contrast to Cascais, which is mostly families with kids or retirees)

We are a UK retired couple. Moved from suburban London to Parede a few years ago. Parede is a complete Portuguese town that just happens to be on the Bay of Cascais. It’s not a tourist destination, although it has a beach and a few beachside bars and restaurants. It is well served by the Lisbon-Cascais railway and the town centre clusters around the station. In the town there are all the shops you’ll ever need for day to day life. There’s a covered market, coffee shops and restaurants, including one of the best seafood restaurants in Portugal (Eduardo’s which is quite affordable). - John, January 2023