Lisbon property market in 2025 – Overview of real estate prices
The Lisbon housing market report summarises key trends and patterns in Lisbon’s housing market for 2025. The analysis covers topics including house prices, rents, sales and new supply.
Lisbon housing market report in 2025
Revisioned at 29 January 2025
Lisbon, capital of Portugal, is a city with many charms. From its proximity to the Tagus River and the Atlantic Sea, to historic neighborhoods full of culture, art and the good weather associated with periods of mild temperatures in winter and warm in summer, it is a complete city, for all tastes and lifestyles.
All you need to know about Lisbon property prices in 2025:
- Lisbon’s Assets
- Average sqm price in Lisbon
- Average sqm price in Lisbon per District
- Average sqm price in Lisbon for Luxury Properties
- Average sqm price in Lisbon for new buildings
- Informations about Lisbon’s Real State market
- Is it profitable to Invest in Lisbon in 2025?
- Rental Management in Lisbon
Lisbon’s assets
Centuries of History
Since it was called Olissipo in the eighth century BC until its reconstruction coordinated by the Marquis of Pombal at the end of the eighteenth century, the cultural and traditional heritage of Lisbon is still visible today in its monuments and the old buildings of the historical centre of the city
The city of seven hills
Lisbon is one on the trendiest European capitals: gastronomy, culture, museums, walks… Endless activities for all. Located a couple of hours from many other European capitals, Lisbon is the ideal destination for a short break. A visit that you will no doubt want to extend … life is so good in Lisbon!
Facts and figures
- Lisbon is the largest city and the capital of Portugal.
- Lisbon metropolitan area extends from Mafra to Setúbal, in only a 40 minute ride, its possible to explore all the different landscapes.
- Its area is 84.6 km2 with a population of 530,000 inhabitants, which have been declining for 30 years in favour of its periphery, that counts over 2.2 million inhabitants.
- The population density is 948 inhabitants per km2.
- Since 26 December 2021, Carlos Moedas, a Democrat , is the mayor of Lisbon.
- The language spoken in Lisbon is Portuguese. Latin of origin and with close to 200 million speakers, Portuguese is the third most spoken European language in the world.
- Lisbon is located between the coast of the Atlantic Ocean to the west and the Mar da Palha to the east, surrounded by the Tagus estuary on the right bank.
- Two bridges connect the city to the south bank: the April 25th Bridge and the Vasco da Gama Bridge.
- Nicknamed the city of seven hills, Lisbon has a unique topography allowing for many viewpoints over the entire town.
- This beautiful city exudes a very pleasant atmosphere. To stroll through its gorgeous cobblestoned alleys on your own, with friends or family is a truly idyllic experience.
BY PLANE
Portela International Airport is 7 kilometres from the centre of Lisbon. It is only 20 minutes away by shuttle bus from the city centre.
LESS THAN 3 HOURS
from major European capitals, Lisbon stands out with its privileged geographic location.
CLIMATE
With 300 days of sunshine per year and temperatures of 15-20° in winter, Portugal is rightly considered as the “Florida of Europe”
ENVIRONMENT
It is a culturally rich and dynamic city, with Mediterranean cuisine and main stage for world events such as the WebSummit and the Millenium Estoril Open.
PROPERTY PRICES PER SQUARE METRE IN LISBON IN 2025
NEIGHBOURHOOD BY NEIGHBOURHOOD
What is the average price per square metre in Lisbon in 2025?
Article updated on: 29 January 2025
Today, the average price of a property for sale in Lisbon is 6 424€/sqm, all states combined (new, renovated and old to renovate).
Source: Idealista.pt
Prices per square metre of properties for sale in Lisbon by district
| District | Price per sqm | Annual Variation 2024 (%) |
| Santo António | 8 275€ | + 2,5 |
| Avenidas Novas | 7 436€ | + 6,1 |
| Estrela | 7 406€ | + 5,9 |
| Parque das Nações | 7 344€ | – 8,0 |
| Misericórdia | 7 252€ | + 0,4 |
| Santa Maria Maior | 7 045€ | + 3,5 |
| Belém | 6 690€ | + 0,9 |
| Campolide | 6 641€ | + 1,5 |
| Campo de Ourique | 6 518€ | + 6,5 |
| Alcântara | 6 506€ | + 7,5 |
| Lisboa | 6 425€ | + 5,1 |
| Alvalade | 6 071€ | -2,8 |
| Arroios | 5 909€ | + 0,4 |
| Marvila | 5 687€ | + 23,2 |
| S. Domingos de Benfica | 5 552€ | + 4,0 |
| S. Vicente | 5 667€ | + 3,5 |
| Beato | 5 176€ | – 2,0 |
| Ajuda | 5 479€ | + 13,7 |
| Lumiar | 5 356€ | + 15,7 |
| Carnide | 5 077€ | – 2,6 |
| Penha de França | 4 744€ | + 3,6 |
| Benfica | 4 736€ | + 8,8 |
| Olivais | 4 714€ | + 7,4 |
| Santa Clara | 4 306€ | + 3,7 |
Average price per sqm of luxury property in Lisbon
| Districts | High End (€/m2) | Luxury (€/m2) |
| Parque das Nações / Expo | 10 000€ | 12 666€ |
| Avenida da Liberdade | 10 500€ | 11 551€ |
| Chiado / Principe Real | 10 500€ | 10 377€ |
| Centro Histórico | 7 000€ | 9 647€ |
| Lapa / Estrela | 7 000€ | 9 001€ |
| Avenidas Novas | 7 000€ | 8 854€ |
| Campo de Ourique / Amoreiras | 6 500€ | 8 222€ |
| Restelo / Belém | 6 000€ | 8 274€ |
| Alcântara / Junqueira | 5 500€ | 7 837€ |
| Colina de Santana | 5 500€ | 6 000€ |
| Campo Grande / Alvalade | 5 500€ | 5 661€ |
| Braço de Prata / Marvila | 5 500€ | 7 100€ |
| Telheiras / Lumiar | 4 500€ | 5 902€ |
| Benfica / Laranjeiras | 4 500€ | 4 960€ |
| Near Lisbon | High End (€/m2) | Luxury (€/m2) |
| Estoril / Cascais | 8 000€ | 9 960€ |
| Oeiras | 4 500€ | 7 156€ |
Source: JLL/Idealista.pt
Price per sqm of new build property in Lisbon
8 520€/sqm on average for a new property in Lisbon (the majority of launches are in dynamic and prestigious areas)
Prices are higher in Lisbon’s historic centre: for new properties or fully renovated schemes, prices range from 9,000€ to 9,500€ per square metre.
New-build prices can reach 12,000€ per square metre in the Avenida de la Liberdade, Chiado and Principe Real.
| Neighbourhood | Average price per sqm |
| Parque das Nações | 11 350€ |
| Santo António | 11 000€ |
| Santa Maria Maior | 10 400€ |
| Avenidas Novas | 9 850€ |
| Estrela/Lapa | 9 150€ |
| Lisboa | 8 520€ |
| Alcântara | 7 500€ |
| Belém | 7 650€ |
| Alvalade-Areeiro | 7 250€ |
| Campo de Ourique | 6 750€ |
| Marvila-Beato | 7 150€ |
| Lumiar-Telheiras | 5 500€ |
Lisbon remains popular for property investment in Europe
Buying in Lisbon city centre
Living in Lisbon means moving to a European capital, and both buying and renting prices are much higher than elsewhere in the country.
Moreover, Lisbon is a city that has been attracting a lot of foreigners in recent years (Europeans, Americans, but also Brazilians and Chinese in particular). This has had the effect of exerting upward pressure on prices, but also renewing the property stock, which was partially abandoned after the 2008 crisis.
Developers have to preserve the old façades stamped with “Azulejos” while restoring the interiors of the buildings, which results in very beautiful programmes with modern top-of-the-range services.
In Lisbon, you will find many new developments, but also many antique and renovated flats.
As in any large city, prices vary greatly from one area to another. This is why TAGUS PROPERTY offers to accompany you in your purchase process: project, advice, research, preparation of visits, negotiation and final act of purchase.
Take advantage of our expertise to launch your property purchase project without wasting time. Distance and lack of knowledge of the market are no longer obstacles to your future purchase.
Finding a flat or house in Lisbon
One of the first concerns when moving to a city is to find a new home to stay in. In most cases, you will be looking for a rented flat or house as it is always risky to buy a property in a city and a country you do not know yet.
Lisbon is rather expensive for rentals, the equivalent of a large provincial city in France, considering the local standard of living. This is due because the supply is relatively low compared to demand, although the current crisis has changed this somewhat: Prices have fallen by 10-15% in rentals. The search area with excellent infrastructure and living conditions is still relatively small.
Due to a law that has now been changed, rents have remained at a very low level for years, causing a drying up of rental properties, as landlords prefer to leave them vacant than occupied at conditions that are not advantageous to them.
The new rent law (Nova Lei do Arrendamento Urbano) has changed these conditions and there are now more flats and houses for rent on the market, but often properties of very average quality.
Source: INE – 1STQ 2022 (over the past 12 months)
Is it always a good idea to invest in rental property in Lisbon?
For rental investment (year-round or medium-term rental) the market in Lisbon is still strong. Currently, there is a shortage of rental properties on the market and strong demand from newcomers, expatriates, retirees, workers, or nomad workers who wish to rent quality properties in Lisbon.
On that specific market, Yields are currently good. For properties in consolidated areas they vary between 3% and 6% gross.
Before buying a property in Portugal for rental investment, you should be careful about certain points. When buying an occupied property, for example, it is important to make sure that the rental contract is recent, as for older rental contracts, rents can be capped at very low prices which severely limit the Yield.
It is also strongly recommended that foreign investors buy new or rehabilitated housing: old properties often have structural problems, non-existent co-ownerships or are in default. And undertaking rehabilitation work on common areas will be very complicated.
There are also legal differences: the cooling-off period does not exist in Portugal and properties are sold in gross area.
It is therefore advisable to work with specialists who are familiar with local and foreign specificities and who will be able to alert you to any differences to avoid surprises.
Now that I have bought my flat in Lisbon, what about rental management?
TAGUS PROPERTY also handles rental management and offers its services to manage your property.
Make your investment profitable by renting it out!
Some of our services for renting:
- Remote Investment Management
- Detailed and Accurate Selection of Candidates
- Financial, Administrative and Operational Management
- Representation and Intermediation
Learn more about our rental management services in Lisbon
WHERE TO INVEST IN REAL ESTATE IN LISBON? BUY IN WHICH AREA?
Do you need advice on where to invest in Lisbon?
THE BEST DISTRICTS AND PLACES TO INVEST IN REAL ESTATE IN LISBON
HIGH-END DISTRICTS IN LISBON
ESTRELA / LAPA
BEST LIVING DISTRICTS IN LISBON
THE TOURIST DISTRICTS OF LISBON
BAIRRO ALTO
GRAÇA
OUR REAL ESTATE AGENCIES IN PORTUGAL
MADEIRA ISLAND
