The Principe Real housing market report in 2022-2023 summarises key trends in real estate prices in this area of Lisbon. The analysis covers residencial prices (houses, villas, apartments) and new developments. The report primarily draws on publicly available datasets. This housing market report is updated regularly.
CONTACT US TODAY TO DISCUSS YOUR PROPERTY SEARCHInformation updated: October 10, 2022
Information on the average purchase price for a home in Principe Real. Average property prices per sqm and by category of property (flat/apartment/villa/house)
| Location | Property type | Average selling price per sqm |
| Principe Real | Flat / Apartment | 8 000€/sqm |
| Principe Real | House / Villa | 11 000€/sqm |
«The price per sqm in the district of Principe Real is one of the highest in Lisbon. Definitely Principe Real is a must-consider investment destination of Lisbon, offering many prospects if you are looking for a good location to live.»
Tagus Property
Welcome to Principe Real
On the doorstep of the Bairro Alto of Lisbon, the Principe Real district is a rather residential district (many former small palaces can still be seen) that revolves around the square of the same name (Praça Príncipe Real).
Nevertheless, its proximity to the more touristic and commercial districts of the lower town, easily accessed on foot (Chiado, Rossio, Restauradores, Baixa), and the night life of Bairro Alto, makes Príncipe Real a perfectly pleasant and practical district to live or based yourself in temporarily. In fact, investors such as Eastbanc, the American investment bank, spotted this opportunity and bought several former palaces to convert them into luxury properties or hotels.
In this district can be found squares and gardens ideal for relaxing strolls, and a number of luxury shops such as stunning antique shops, art galleries, but also fine groceries and wine shops as well as museums.
As the district is quite central, you are only a few steps away from Amoreiras, Estrela, Bairro Alto, Chiado and all the districts of the lower city or from the Marqués of Pombal square and many other things to discover.
Voted the trendiest district of Lisbon by the journalists of the city, Principe Real has found a second youth thanks to foreign investors. The Praça do Príncipe Real, with its sprawling cypress tree, was fully renovated in 2010 and the surrounding old palaces have also undergone a facelift.
Trendy, chic, bobo style, the district is animated during the day but watch out for the traffic jams after midnight around the Praça das Flores, the historic HQ of the gay population! The area of Amoreiras, the old silk workers district, has been gentrified.
It has been the favourite haunt of fashion victims since the opening of the shopping centre of the same name.
Don’t miss the jewel of the district: the Águas Livres aqueduct.
We use our in-depth market knowledge and extensive real estate network to provide our clients with access to the best properties, both on and off-market. We oversee every aspect of the purchase process from start to finish.
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