Best Areas to Buy Property in Lisbon: A Comprehensive Guide
Lisbon, the capital city of Portugal, has become a popular destination for property investment due to its vibrant culture, stunning architecture, and favourable climate. It is a city that has something to offer everyone, from young professionals to retirees. With its growing popularity, it can be challenging to find the best areas to buy property in Lisbon.
The choicest places to buy an apartment in Lisbon are places like Chiado, Princípe Real, Avenida da Liberdade, and Lapa. These neighbourhoods offer a great quality of life, with easy access to public transportation, shopping, and dining options. However, these areas can be quite expensive, and buyers may need to compromise on space to stay within budget. On the other hand, cheaper areas of Lisbon include neighbourhoods such as Beato, Marvila, Campolide, and Benfica. The main advantage of living in areas further from the city center is that property is cheaper and usually bigger as well. However, the disadvantage is obviously in their distance from the center, which can be particularly noticeable when it comes to transport.
Understanding the Lisbon Property Market
The Lisbon property market has been consistently blossoming for the past six years, making it a hot destination for expats all over the world. As a result of this demand, home prices are the highest ever, having risen by 25% since 2013 12.
The most sought-after areas for buying property in Lisbon are Bairro Alto, Lapa, and Campo De Orique 3. These neighbourhoods offer great opportunities for both living and investment perspectives, with promising rental yields for both long and short rentals.
Lisbon is a city of contrasts, with some neighbourhoods being more expensive than others. For instance, the historic centre of Lisbon is known for its restricted supply of housing, which explains the rise in real estate prices 1. On the other hand, Parque das Nações is a popular area for foreign investors looking to invest in new-build real estate in Lisbon 1.
The table below provides an overview of the average property prices in Lisbon’s most popular neighbourhoods 4:
| Neighbourhood | Average Price per Square Meter |
|---|---|
| Avenidas Novas | €5,000 – €7,000 |
| Baixa | €4,000 – €6,000 |
| Chiado | €6,000 – €10,000 |
| Lapa | €4,500 – €6,500 |
| Parque das Nações | €3,000 – €5,000 |
It is worth noting that the Lisbon property market is highly competitive, with properties often selling quickly. As such, it is advisable to act fast when a property that meets your requirements becomes available 2.
Overall, the Lisbon property market offers a range of opportunities for both investors and those looking to buy a home. However, it is essential to conduct thorough research and work with a reputable real estate agent to ensure that you make an informed decision and secure the best deal possible 3.
Footnotes
- https://portugalbuyersagent.com/an-expert-guide-to-buying-lisbon-real-estate/ ↩ ↩2 ↩3
- https://www.expat.com/en/guide/europe/portugal/lisbon/19962-buying-property-in-lisbon.html ↩ ↩2
- https://portugalbuyersagent.com/buying-real-estate-in-lisbon-guide/ ↩ ↩2
- https://www.houst.com/blog/buying-property-in-lisbon ↩
Top Neighbourhoods to Buy Property in Lisbon
Lisbon, the capital city of Portugal, is a vibrant and culturally rich city that attracts people from all over the world. It is a city that is steeped in history and has a unique charm that is hard to resist. If you are planning to buy property in Lisbon, it is important to know the top neighbourhoods that offer the best value for your money. Here are some of the best neighbourhoods to buy property in Lisbon:
Baixa
Baixa is the heart of Lisbon and is one of the most popular neighbourhoods to buy property in. It is a historic neighbourhood that is home to some of the city’s most iconic landmarks, including the Praça do Comércio and the Rossio Square. Properties in Baixa are highly sought after, and prices are on the rise. However, if you are looking for a property in a prime location with easy access to all the amenities that Lisbon has to offer, Baixa is the perfect neighbourhood for you.
Alfama
Alfama is one of the oldest neighbourhoods in Lisbon and is known for its narrow streets and historic buildings. It is a neighbourhood that is steeped in history and is home to some of the city’s most iconic landmarks, including the Castle of São Jorge and the Lisbon Cathedral. Properties in Alfama are highly sought after, and prices are on the rise. However, if you are looking for a property in a historic neighbourhood with a unique charm, Alfama is the perfect neighbourhood for you.
Bairro Alto
Bairro Alto is a trendy neighbourhood that is known for its vibrant nightlife and cultural scene. It is a neighbourhood that is popular with young professionals and artists and is home to some of the city’s best bars, restaurants, and art galleries. Properties in Bairro Alto are highly sought after, and prices are on the rise. However, if you are looking for a property in a neighbourhood that is vibrant and full of life, Bairro Alto is the perfect neighbourhood for you.
Belem
Belem is a historic neighbourhood that is located on the outskirts of Lisbon. It is a neighbourhood that is known for its iconic landmarks, including the Belem Tower and the Jeronimos Monastery. Properties in Belem are highly sought after, and prices are on the rise. However, if you are looking for a property in a neighbourhood that is steeped in history and has easy access to the waterfront, Belem is the perfect neighbourhood for you.
Parque das Nacoes
Parque das Nacoes is a modern neighbourhood that was built for the 1998 World Expo. It is a neighbourhood that is known for its modern architecture and is home to some of the city’s most iconic landmarks, including the Vasco da Gama Bridge and the Lisbon Oceanarium. Properties in Parque das Nacoes are highly sought after, and prices are on the rise. However, if you are looking for a property in a modern neighbourhood with easy access to all the amenities that Lisbon has to offer, Parque das Nacoes is the perfect neighbourhood for you.
