Relocating to Lisbon: How to manage expectations in a changing real estate market

Relocating to Lisbon

Buying guides

How to manage expectations in a changing real estate market. Discover the different properties on offer within your price bracket in Portugal’s vibrant capital city.

The City of Light & Opportunity

One of the oldest and most beautiful cities in Europe, Lisbon offers an exceptional quality of life thanks to its fantastic array of restaurants and boutiques, easy proximity to the beach and of course that glorious Mediterranean climate. In addition to its natural charms, Lisbon has also seen steady economic growth since 2008 and the creation of the Non-Habitual Resident programmes has turned the city into an extremely sought-after destination for those looking to take advantage of Portugal’s status as a new European Hub for Tech companies and start-ups.

But with so much on offer, demand for real estate in the city centre has been steadily increasing and with the Covid-19 pandemic driving up demand for larger houses with outdoor living space, housing prices in Lisbon look set to keep rising in the coming months. 

This means you might need to review your requirements or seek out some of the city’s more up-and-coming neighbourhoods whose price per square metre hasn’t reached city centre heights yet. With this in mind, let's take a look at what you can get for your money in Lisbon and the Greater Lisbon area right now:


500k - 700k Price Range:

Studio or one-bedroom apartments in some of Lisbon’s up-and-coming neighbourhoods

São João da Praça | 1 bedroom apartment €500,000 | Alfama

Located in a traditional Pombaline building overlooking the Tagus, this one-bedroom apartment has been finished to the very highest standards with high ceilings and full-length windows which flood the apartment with natural light.

Prateato | Studio apartment €550,000 | Marvila

Part of a development that combines a renovated warehouse with several new-build structures, this studio apartment is perfect for city living with its light-filled interior and access to the residence’s beautiful shared garden.

Privato | 1- 2 bedroom apartments €500,000  | Intendente

A collection of 24 apartments, the Privato residence has been carefully created by a renowned developer for chic city living. Centrally located close to many of Lisbon’s main attractions, the apartments include a parking space and access to a communal garden with a swimming pool for those long, hot summer afternoons. 

Prata Riverside Village| 1 - 2 bedroom apartments €510,000 - €665,000  | Marvila

Designed by Pritzker prize-winning architect Renzo Piano, this collection of waterfront apartments is part of an exciting new development built in the style of an urban village. Finished to the very highest standards and featuring on-site concierge service, each apartment has a private exterior space and also has access to the shops, restaurants and cafes within the complex. 

Passadiço 11 | 1 - 3 bedroom apartments €535,000 - €660,000 | Av. Liberdade

An exclusive renovation project made up of just eight apartments, the Passadiço 11 residence perfectly combines modern comfort with traditional charm. Sunny and bright, all of the apartments are dual-aspect to make the most of Lisbon’s golden light and each apartment has its own balcony or terrace.

700k - 1 M€ Price Range:

One to two-bedroom apartments located in high-end developments in some of the city’s most sought-after neighbourhoods with excellent potential for use as a short-term rental

Santa Isabel | 2 bedroom apartment €730,000  | Estrela

A brand new development made up of three renovated and new-build buildings, this two-bedroom apartment will be a haven of peace and quiet in the middle of the city. Within walking distance of the transport hub and several excellent international schools, the bright modern interior is perfectly complemented by the building’s colourful facade and beautifully landscaped gardens. 

Trigo | 2 bedroom apartments €710k - €730k  | Alfama

Located close to the riverfront, these lovely apartments are part of a collection of just 13 contemporary apartments set in two recently renovated Pombaline buildings close to one of Lisbon’s best viewpoints. Exceptionally spacious with high ceilings and lots of natural light, the apartments have the river and promenade on their doorstep, as well as some of the city's best restaurants and shops just a few minutes' walk away.

São João da Praça | 2 bedroom apartment €810,000  | Alfama

With a living space of over 100m², this charming apartment in one of the main streets of Alfama promises to be your ideal Lisbon base, just a few steps away from the promenade. Set in a traditional Pombaline residence which has been carefully renovated preserving the building's beautiful azulejos and 19th-century murals, the apartment is walking distance away from Alfama’s lively shopping and dining area. 

Print House | 2 bedroom apartment 1st floor €875,000  | Príncipe Real

A former print house which has been transformed into a collection of 11 contemporary apartments, this impressive residence is located just minutes away from the shops and restaurants of Restauradores square. Set on the first floor of the building, the apartment features an open-plan layout plus private outdoor living space allowing you to soak up Lisbon’s endless sunshine.

South Chiado | 1 - 2 bedroom apartments €740,000 - €980,000  | Chiado

Centrally located in one of the city’s most coveted addresses, these apartments form part of a collection of 17 prestigious residences in downtown Lisbon. Ideally located in a traditional Pombaline building, the apartments are finished to the very highest standards and offer easy access to the neighbourhood’s shops, bars, restaurants and museums plus the British School of Lisbon.

1 M€ - 2 M€ Price Range:

Two to three bedroom apartments in the heart of the city, ideal for couples or families looking to relocate

SottoMayor | 3 bedroom apartment  €1.5m | Avenida da Liberdade

A collection of 43 apartments for sale in the heart of Lisbon, this renovation project was named the ‘best residential renovation redevelopment project in Portugal’ by the European Property Awards and The Telegraph and features high ceilings and oversized windows in keeping with the building’s period charm,

Unique Belém | 3 bedroom apartments - €1.1m - €1.7m  | Belém

A new-build project, this exciting collection of apartments has stunning views of the Tagus River. Custom-designed for maximum natural light with a wealth of sustainable features, the residence offers a full range of communal facilities including a swimming pool, a fitness room and a concierge service.

Bow | 2 bedroom apartment - €1.88m  | Avenida da Liberdade

Set between the Marquês de Pombal and the Avenida da Liberdade, this spacious apartment offers an incredible quality of life thanks to its central location and exceptional views of the city. Superbly finished in modern style with floor-to-ceiling windows, oak floors, a marble bathroom and a fully-equipped kitchen, the apartment comes with underground parking and access to the residence’s communal gym.

Santa Helena | 2 bedroom apartment - €1m  | Alfama

Once a palace, this period property is now a stunning duplex apartment. Located in a quiet street, the apartment boasts a living space of 149m² set across two floors with the main living area located on the top floor, and two bedrooms on the lower floor. Featuring the high vaulted ceilings and traditional tilework from the building’s former life as a palace, the apartment is sold with a parking space, 24-hour security and access to the residence’s spa and communal gardens.

2 M€ - 3 M€ Price Range:

Two to five-bedroom apartments in quiet neighbourhoods with balconies/terraces and private parking

Salitre 183 | 4 bedroom apartments - €2.6m - €2.7m  | Príncipe Real

Located in the Rua do Salitre, Salitre 183 forms part of an exclusive collection of 6 apartments in a fully renovated art-deco building. With just one apartment per floor, privacy is guaranteed as are stunning views of the 25th of April bridge from the south-facing terraces. 

Sant’Ana |  4 bedroom apartment  €2.1m  | Campo dos Mártires da Pátria

Situated on the upper floors of a prestigious Pombaline building, this magnificent duplex apartment features a spacious terrace with breathtaking views of the city. Just a short walk away from the Avenida da Liberdade and the Jardim do Torel, this tranquil neighbourhood is surrounded by greenery providing a true urban sanctuary for residents. 

A Tower  |  5 bedroom apartment €2.85m  | Amoreiras

Urban living at its very finest, A’Tower is a cosmopolitan residence located in the Amoreiras neighbourhood. Created by prestigious architects Saraiva + Associados, this contemporary apartment is beautifully finished with high-end materials and opens onto a large terrace overlooking the Lisbon skyline.

3M€ - 4M€ Price Range:

Four to six-bedroom apartments in family-friendly neighbourhoods with large terraces, private parking and views of the city

Horizon Tejo  | 5 bedroom apartment €3.9m | Santos

Part of an exciting new development in one of Lisbon’s hippest neighbourhoods, this stylish apartment pairs the building’s original industrial exterior with a sleek contemporary interior and features a large terrace complete with a private swimming pool.  

Moeda  | 5 bedroom apartment €3m | Cais do Sodré

Exclusively for sale with Athena Advisers, this stunning loft-style apartment spans the entire first floor of a former industrial warehouse with over 400m² of living space and ample room for entertaining. Opening onto a 41m² terrace adorned with traditional mosaic tiles, the apartment is walking distance away from the Tagus and Cais do Sodré’s superb collection of cafes, bars, restaurants and markets.

Martinhal Parque das Nações | 4 bedroom apartment €3.2m | Parque das Nações

A contemporary apartment designed by an internationally renowned architect, this property is located in one of Lisbon’s most family-friendly neighbourhoods. Just minutes away from the charming cobbled streets of the old town, the river-front apartment is surrounded by parks, shops, restaurants, schools and sports facilities. Designed as urban living for families, the residence also offers a range of in-house amenities including, indoor/outdoor pools, a gym, a coworking area, a playground and a kids club.

Palacete Benformoso | 6 bedroom apartment - €3.4m | Intendente

A former 19th-century palacete and a property of public interest, this six-bedroom apartment in Intendente has enormous potential. Beautifully renovated, all the original elements of the property have been carefully preserved combining traditional accents with modern comfort to create a stylish family home. Located close to two metro stations and several parks, the apartment comes with two terraces and an outdoor kitchen, offering a seamless transition between the interior and exterior living space.

4M€ - 5M€ Price Range:

Three to five-bedroom properties in Lisbon’s most sought-after neighbourhoods with large terraces, private parking and views of the river and the city

Álvares Cabral |  5 bedroom apartment - €4.25m | Estrela

A collection of just 19 properties, this five-bedroom apartment is located right next to the Jardim da Estrela with sweeping views of the city skyline. Spacious and light with high-end amenities throughout, the apartment features an open-plan layout with a wraparound balcony and a large sunny terrace. 

South Chiado |  3 bedroom triplex townhouse  - €4.6m | Chiado

A triplex townhouse located in a luxury residence, this unique riverside property offers panoramic views of the Tagus and the 25 de Abril bridge. A traditional Pombaline building, the property’s living space is set over three floors with a private entrance, large south-facing terrace and a private garage.

5M€ plus Price Range:

Two to six-bedroom apartments and villas in Lisbon’s most exclusive addresses with large terraces, pools and private parking plus panoramic views of the city, river or the Atlantic ocean

Estrela |  6 bedroom villa - €6.9m | Estrela

This magnificent villa is a haven of peace and tranquillity in the heart of the city. The 820 sqm property is set over four floors with six bedrooms, a huge open-plan living/dining area, a home cinema and an office. Surrounded by a large leafy garden, the villa opens onto a large swimming pool and also comes with a convenient annexe that houses the laundry facilities and a four-car garage. 

Garrett 29 | 3 bedroom duplex penthouse apartment - €6.5m | Chiado

A spectacular duplex penthouse with breathtaking views of the river, this property is one of just seven apartments in a high-end residence.  With 473m² of living space split over two floors and connected by a private lift, the apartment has three ensuite bedrooms, an office, a dual-aspect lounge plus a separate dining room and a kitchen. A 39m² terrace overlooks the city and the river and the apartment also comes with three underground parking spaces and two storage rooms. 

Villa Maria Pia |  2 - 3 bedroom apartments - €6.5m / €6.6m | Estoril

Located in the beautiful seaside resort of Estoril just 30 minutes from Lisbon, the villa Maria Pia has been transformed into fourteen apartments, each of which enjoys access to the inhouse pool, spa and communal leisure spaces. Surrounded by gardens, the spacious apartments are beautifully finished with ensuite bathrooms, wooden flooring and large windows to make the most of Estoril’s glorious golden sunlight.