Alfama property market in 2025 – Prices per sqm to buy a home in Lisbon – Portugal
Alfama real estate market report in 2025: Price per sqm in Alfama in Lisbon and information.
YOUR REAL ESTATE PROJECT IN ALFAMA
Price of houses for sale in Alfama in Lisbon
Information updated on : 24 January 2025
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This is a neighborhood not to be missed when visiting Lisbon. You can get there by tram, but you should wear good shoes to go up and down the various slopes of the old cobblestone streets. The narrow streets lead to the São Jorge castle, the Santa Luzia viewpoint or the São Vicente church, while admiring the magnificent views of the Tagus and the rest of the city.
Discover the real estate market figures in Alfama:
Price per sqm in Alfama in 2025
€ 7,508 /sqm
Currently, the average price of a property for sale in Alfama in Lisbon is € 7,508 /sqm, taking into account all types of properties (new, renovated and to be renovated). This means that there are as many properties more expensive than €7,508/sqm as there are cheaper ones. As for houses for sale, the average price is € 7,121/sqm.
The analysis covers the prices of used, renovated and new development properties, and is mainly based on publicly available data sets. This housing market report is updated regularly.
| Location | Property type | Average selling price per sqm |
| Alfama | Flat / Apartment | € 7, 525/sqm |
| Alfama | House / Villa | € 7, 121/sqm |
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A word from Alfama’s real estate expert in Lisbon
«Real estate prices in the Alfama district are stable.»
Tagus Property
Perspectives of Alfama
Good to know
- Alfama is one of the only districts of the city to have been spared by the earthquake: you can still see the famous original red tiles on the roofs.
- Tuesdays and Saturdays, Alfama welcomes the Feira da Ladra, the largest flea market in Lisbon: definitely worth a look!
Some figures
- Carcavelos Beach: 20 minutes by train (Cais do Sodré)
- Cascais: 40 minutes by train (Cais do Sodré)
- Airport: Humberto Delgado Lisbon Airport : 20 minutes’ drive
- Train station: Rossio Train Station : 20 minutes’ walk
Alfama is located in near Lisbon’s city center
Alfama is the oldest district of Lisbon
The tram 28 line carefully makes its way, ringing a bell to warn careless and distracted pedestrians. Meandering through random lanes, you will reach the castle of São Jorge, the mirador de Santa Luzia or the church of São Vicente, while admiring the stunning views of the Tagus and the rest of the city.
Alfama will seduce you with its winding and narrow streets and its many cafes concerts. The Alfama district is captivating, with an authentic and pleasant atmosphere.
The neighbourhood is a reminder of the Moorish legacy with its narrow winding streets and slopes. Take your time and stroll along the narrow and fragrant streets opening onto beautiful esplanades and shaded terraces. This is the oldest district of Lisbon and is better visited in the morning, during the markets of the rua São Pedro and the Rua dos Remédios.
Both calm and charming, Alfama is full of beautiful buildings, like the Lisbon Cathedral, the National Pantheon and the Castle of St Jorge, the later the witness of the beginnings of the history of Portugal and where the Christian crusaders overcame the Moors of North Africa in 1147. This castle was built by the Visigoths in the 5th century, was enlarged by the Moors in the 9th century, to finally be modified under the reign of Afonso Henriques. To reach the castle, it is possible to take the Elevador do Castelo from the Baixa district, which connects the rua dos Fanqueiros to the rua da Madalena. Then, enjoy the district’s many belvederes such as Santa Luzia or the Miradouro das Portas do Sol. From there, the view of the tile roofs of Alfama and the Tagus estuary is simply breathtaking.
The viewpoint is close to the castle and on the tram 28 line. Then discover the Cathedral of Santa Maria Maior (Sé Patriarcal de Lisboa), the Panteão Nacional and the Monastery of São Vicente de Fora. Do not hesitate to have a look at the Feira da Ladra (” fair of the thief”), the best-known and most famous flea market of the capital. The market is held every Tuesday and Saturday, on the Campo de Santa Clara. You will find craft products, books, clothing, fashion accessories, azulejos and meet friendly Lisboans.
You can also visit the Museum of Fado, the traditional Portuguese song. Fado is a form of music characterised by mournful tunes and lyrics, infused with a sentiment of fatefulness and melancholia. Its name is based on the Latin word “fatum”, “fate”. It is the musical symbol of Portugal. A little more out of town you will find the azulejo museum and the Madre de Deus church.
Take this opportunity to also take a walk in the Graça district to discover the convent da Graça, the Senhora do Monte Chapel and the famous chair of São Gens, as well as the two belvederes offering sublime panoramas over the São Jorge Castle, the historic centre and the Tagus: the Miradouro da Graça and the Miradouro da Senhora do Monte. There you will find a pleasant open-air cafe, making this spot an ideal place to rest after climbing the Amalfa hills. Above all, remember to take the typical “Eléctrico 28” tram that will allow you to cross the old districts of Lisbon.
You can board from the Martim Moniz Square, not far from the Rossio and at the edge of the Baixa district. You can board and get off at any stop, as you want.
Around the block
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