Lisbon remains the most dynamic city in Portugal for real estate. Despite global economic fluctuations, the Portuguese capital continues to attract investors and new residents thanks to its quality of life, pleasant climate, and tax advantages. The Portugal News
Price Evolution
In 2025, the average price per square meter in Lisbon is approximately €6,425, across all types of properties (new, renovated, and to be renovated). The most sought-after neighborhoods show significantly higher prices. tagusproperty.com
Average Prices by Neighborhood
Here is an overview of the average price per square meter in some Lisbon neighborhoods:
- Parque das Nações: around €7,288/m²
- Avenidas Novas: around €7,390/m²
- Bairro Alto: around €6,779/m²
- Ajuda: around €5,479/m²
- Penha de França: around €4,744/m²
These prices vary depending on several factors, such as the condition of the property (new, renovated, or to be renovated), the presence of amenities (elevator, parking), proximity to public transport and tourist areas, and the potential for neighborhood appreciation.
Trends and Advice
Foreign demand, particularly from the United States, Brazil, and certain Asian countries, continues to stimulate the market. Programs such as the Non-Habitual Resident (NHR) status and the Golden Visa have enhanced Lisbon’s attractiveness to international investors.
There is also a favorable tax measure for young buyers (under 35 years old).
Historic neighborhoods such as Alfama, Graça, and Mouraria still offer interesting opportunities, with prices ranging between €4,000 and €5,000/m², depending on the property’s condition. These areas, rich in charm and authenticity, are undergoing gradual renovation, increasing their investment potential.
To the west of Lisbon, neighborhoods like Ajuda and Prazeres offer more affordable prices, around €5,000/m², and present a good value-for-money opportunity for investors looking for properties with strong growth potential.
