Property for Sale in Belém, Lisbon | Athena Advisers

On the banks of the Tagus River rises one of Lisbon’s most historic neighbourhoods. Only a few minutes away from the city centre, Belém is known as a noble area with many famous palaces and museums. 

Although it is home to a number of popular landmarks, Belém is generally quiet with tree-lined streets and famous monuments co-existing among open gardens and beautiful residential areas with new and stylish apartments for sale.

A green neighbourhood bordering the Tagus

If you are looking to live in a neighbourhood or bairro where you will be immersed in culture and art, whilst staying close to, but sheltered from city centre buzz, then Belém is the place to be. Explore our handpicked portfolio of properties for sale in Belém, with apartments located in one of the most exclusive parts of Belém.

Why buy a property in Belém

“Belém is an attractive option for property investors thanks to its unique location and newly built apartments. The waterfront promenade, excellent schools and large, green spaces make it a good choice for families.”

David Moura-George, Managing Director, Portugal & Real Estate Specialist

Local property experts

Our team of property experts have found the very best apartments and real estate for sale in Belém, Lisbon. With a modern-minded approach we apply to everything we do.

The peaceful atmosphere of Belém belies an area under constant innovation and improvement, making it a highly desirable neighbourhood for those wishing to relocate to Lisbon or for property investment. With a team of local property experts based in Lisbon, we are able to keep pace with this change, identifying the most exciting properties for sale.

Expert opinion

Property prices have increased in the central Lisbon districts over the last few years, so international buyers need to carefully consider their objectives before deciding which neighbourhood to invest in. In addition, due to the events of 2020, people are changing their priorities, shifting their interest into properties with open spaces, natural light and green areas – all characteristics which investors can find at our Belém properties.

Today, the property market in Lisbon is much more like a modern European city similar to that of Paris or Barcelona. And neighbourhoods like Belém are also attracting investment thanks to its unique location and newly built apartments with modern facilities, unlike the vast majority of buildings in other neighbourhoods around the city. It’s also important to highlight the easy access to general services, the waterfront promenade, and how the large, green areas make it a good choice to call home for families with plenty of excellent schools also in the area.

Investment potential

As a historic, riverside neighbourhood full of charisma and charm and with its own personality, Belém properties are aligned with the neighbourhood vibe offering a perfect lifestyle investment for families who wish to live comfortably in Lisbon. Although prices in Belém are higher than other neighbourhoods in the Portuguese capital, it continues to offer lower prices compared to other European capitals with a very balanced cost of living. In general, anyone who invests in real estate in Belém can expect an excellent rental income, capital gain potential and the annual return from rental profits can reach 8%, depending on the type of property.

Lisbon has become very attractive to property investors and to those looking for a lifestyle relocation, especially because of the Portuguese Golden Visa programme and the tax benefits of the Non-Habitual Residents programme. Properties for sale in Belém are expected to perform well in the long-term rental market.

Things to do

From walking tours by the river to museum visits, Belém is well placed to be able to offer many memorable experiences. Here you will find a number of Lisbon’s most remarkable sites, such as Belém Tower, the Jeronimos Monastery, the Monument to the Discoveries and The Belém Palace (official residence of the President). By the river you will find the Museum of Art, Architecture and Technology (MAAT) and a wide promenade full of bars and restaurants, with plenty of space for walking,  jogging and cycling. Whatever the season, Belém offers every kind of experience. Having a picnic with family and friends at the large, leafy park by the river is one of our favourite things to do and it’s even better on a balmy evening at sunset. 

The neighbourhood is home to delicious local cuisine such as the famous Pastéis de Belém, the pastry shop named after its famous dessert – the delicious Portuguese custard tart. It’s a must-have.


Relocating to Lisbon.

From understanding healthcare to find the best schools, take a look at our complete guide to moving to Lisbon.

How we work.

Our approach allows us to confidently present our clients not only with beautiful properties, but also with sound investment opportunities in each of our markets thanks to both the local presence of our on-the-ground experts and the strong network of highly regarded developers and architects we’ve formed exclusive partnerships with.

Contact our property advisers

A highly skilled team, each with their own areas of specialist knowledge and expertise.

Alex Montier

Senior Adviser

Marta Salgado

Lisbon Rental & Resale Manager

Niamh Erbek

Head Senior Adviser


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