Lisbon is a booming city, both economically and in terms of tourism. For several years, the demand for real estate in Lisbon has been steadily increasing, resulting in higher prices. In 2023, it is likely that property prices in Lisbon will continue to rise, due to the high demand and the shortage of available housing.
However, it is important to note that property prices in Lisbon vary depending on many factors, such as location, type of property and building characteristics. In general, you can expect property prices in Lisbon to be higher than the national average, but it is possible to find reasonably priced accommodation in some parts of the city.
Here we will look at property prices in the city of Lisbon for each of the city’s districts, giving you an overview of the current increases and the best location for a property investment in Lisbon in 2023.
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Property prices in Lisbon: summary and global
Before discovering below the property prices for all the districts of Lisbon, find below a general table to see at a glance the price increases and decreases over the whole year 2022 and therefore still in force during January 2023.
- House price per m² in Lisbon in December 2022: 5147€/m².
- Change in house prices in Lisbon between November and December 2022: 0.0%.
- Change in house prices in Lisbon between September and December 2022: +2.9%.
- Evolution of property prices in Lisbon between December 2021 and December 2022: +3.1%.
Real estate prices in Ajuda Lisbon
The Ajuda district of Lisbon is one of the most popular areas for real estate in Lisbon. The area is known for its rich historical and cultural heritage, as well as for its many tourist attractions and beautiful cobbled streets. Due to its popularity, property prices in Ajuda are generally higher than the national average.
The Ajuda district is mainly composed of townhouses and small buildings. Townhouses in the area are often neoclassical in style and have private gardens, making them highly desirable. Flats in the district are generally small and can be difficult to find, due to the high demand.
Due to its proximity to Lisbon city centre and its many cultural attractions, the Ajuda area is particularly popular with foreign buyers and property investors.
- Property price per m² in Ajuda: 4116€/m².
- Evolution of the property price in Ajuda between November and December 2022 : -1.6%
- Evolution of the property price in Ajuda between September and December 2022 : -2.3%
- Evolution of the property price in Ajuda between December 2021 and December 2022: +4.1%.
Property prices in Alcântara Lisbon
The Alcântara district is located in the west of Lisbon and is known for its modern architecture and cosmopolitan atmosphere. The area is popular with young professionals and artists due to its proximity to the city centre and its many bars, restaurants and art galleries.
Alcântara is also known for its beautiful walks along the river, which offer nice views of the city and the Alcântara valley. The area is also well served by public transport, making it a convenient place to live or work.
As far as real estate is concerned, Alcântara is considered one of the most expensive areas in Lisbon. Property prices in the area have risen significantly in recent years due to high demand and a shortage of available housing. Flats and houses in the area are generally well-equipped and have good amenities, but they can be expensive for those looking to buy or rent.
- Property price per m² in Alcântara: 6831€/m².
- Evolution of property prices in Alcântara between November and December 2022 : -0.1%
- Evolution of the property price in Alcântara between September and December 2022 : -0.6%
- Evolution of the property price in Alcântara between December 2021 and December 2022: +19.5
Property prices in Alvalade Lisbon
The Alvalade district is located in the north of Lisbon and is known for its dynamism and lively cultural life. The area is also popular for its central location and proximity to many shopping centres, restaurants and public transport.
In terms of real estate, Alvalade is a prime location for investors and buyers. The demand for real estate in the area is constantly increasing, due to its growing popularity among young professionals and families. Property prices in Alvalade are generally higher than the national average, but it is possible to find reasonably priced accommodation in some areas.
Alvalade offers a wide range of property types, from modern flats to historic townhouses. The area is also known for its high-rise buildings and luxury residential towers, which offer great views over the city.
- Property price per m² in Alvalade: 5944€/m².
- Evolution of the property price in Alvadade between November and December 2022 : -2.7%
- Evolution of the property price in Alvadade between September and December 2022: +5.6%.
- Evolution of the property price in Alvadade between December 2021 and December 2022: +14%.
Real estate prices in Areeiro Lisbon
Areeiro is located in the east of Lisbon and is considered one of the most dynamic and modern areas of the city. The area is known for its many high-end apartment buildings and lively streets, which attract many young professionals.
In terms of real estate, Areeiro is one of the most expensive areas in Lisbon. The prices of flats and houses are generally higher than the national average and can be comparable to the most exclusive areas of the city, such as Lapa or Estrela. However, Areeiro offers a prime location, with plenty of public transport and easy access to the city centre. In addition, the area is close to many restaurants, bars and luxury shops, making it an attractive destination for those seeking a lively and trendy lifestyle.
- Property price per m² in Areeiro: 4545€/m².
- Evolution of the property price in Areeiro between November and December 2022 : -1%
- Evolution of the property price in Areeiro between September and December 2022: +0.9%.
- Evolution of the property price in Areeiro between December 2021 and December 2022 : -0.9%
Property prices in Arroios Lisbon
The Arroios district is one of the most fashionable areas in Lisbon in terms of real estate. In recent years, the area has seen a sharp rise in property prices, due to the increasing demand for housing in this area of the city. However, the price is decreasing between the years 2021 and 2022.
The Arroios area is popular for its central location, which allows easy access to other parts of the city via public transport. The area is also known for its many shops and restaurants, which add to its attractiveness.
Compared to other areas of Lisbon, Arroios is considered one of the most expensive areas in terms of real estate. However, it offers excellent value for money for those willing to invest in property in this area of the city.
- Property price per m² in Arroios: 4489€/m².
- Evolution of the property price in Arroios between November and December 2022 : -0.5%
- Evolution of the property price in Arroios between September and December 2022 : -2.9%
- Evolution of the house price in Arroios between December 2021 and December 2022 : -3.9%
Real estate prices in Avenidas Novas Lisbon
Avenidas Novas is one of the most modern and dynamic areas of Lisbon. Located in the north-east of the city, the area is characterised by its wide avenues and ultramodern office buildings. The area is also known for its shopping centres, restaurants and trendy bars, which attract a young and cosmopolitan clientele.
In terms of real estate, Avenidas Novas is one of the most expensive areas in Lisbon. Prices of flats and houses are generally higher than the national average and rival those of the city’s more upmarket areas, such as Lapa and Estrela. However, the area offers a pleasant and convenient living environment, with many amenities and excellent public transport connectivity. If you are looking for a lively and modern area to live or invest in, Avenidas Novas could be an interesting option to explore.
- Property price per m² in Avenidas Novas: 6432€/m².
- Evolution of the property price in Avenidas Novas between November and December 2022 : -0.6%
- Evolution of the property price in Avenidas Novas between September and December 2022: +3
- Evolution of the house price in Avenidas Novas between December 2021 and December 2022: +5.4
Property prices in Beato Lisbon
The Beato district is located in the east of Lisbon and is known for its lively and trendy atmosphere. The area is undergoing a major transformation, with many renovated buildings and new development projects underway. This area has become very popular with young professionals and property investors in recent years.
Beato is also well served by public transport and is close to many tourist attractions, such as the Estadio de la Luz and the Lisbon Exhibition Centre. The area is also known for its many trendy bars, restaurants and shops, making it a lively and pleasant place to live.
In terms of property prices, Beato is generally considered to be one of the most expensive areas in Lisbon. However, property prices in this area tend to be lower than in central Lisbon, such as Chiado or Bairro Alto.
- Property prices per m² in Beato: €4537/m².
- Evolution of property prices in Beato between November and December 2022: +3.2%.
- Evolution of property prices in Beato between September and December 2022: +16%.
- Evolution of the property price in Beato between December 2021 and December 2022: +41.6%.
Real estate prices Belém district Lisbon
The Belém district is located in the west of Lisbon and is known for its rich historical and cultural heritage. The district is home to many important buildings, such as the Torre de Belém and the Mosteiro dos Jerónimos, which are popular tourist attractions. The area is also known for its beautiful cobbled streets and neoclassical style houses, which add to the charm of the area.
As far as real estate is concerned, Belem is considered one of the most expensive areas in Lisbon. Prices of flats and houses are generally above the city average and can be comparable to similar areas in major European cities. However, Belem is still a very popular area due to its convenient location and many cultural attractions.
- Property price per m² in Belém: 6260€/m².
- Evolution of the property price in Belém between November and December 2022 : -2.3%
- Evolution of the property price in Belém between September and December 2022 : -1.6%
- Evolution of property prices in Belém between December 2021 and December 2022 : -0.2%
Property prices in Benfica Lisbon
The Benfica district is located in the west of Lisbon and is known as one of the most popular areas to buy property. The area has experienced significant economic growth in recent years and offers a variety of housing types, ranging from modern flats to traditional style townhouses.
Property prices in Benfica are generally higher than the national average, but are still lower than in Lisbon’s most popular areas, such as Baixa and Chiado. This makes it an attractive area for those looking to buy property in Lisbon without spending a fortune.
Benfica is also well served by public transport, making it a convenient place to live or work. In addition, it offers many leisure and entertainment options, with numerous parks, cafes and restaurants nearby.
- Property price per m² in Benfica: 4422€/m².
- Evolution of property prices in Benfica between November and December 2022: +5.8%.
- Evolution of property prices in Benfica between September and December 2022: +4.2%.
- Evolution of the property price in Benfica between December 2021 and December 2022: +10.4
Real estate prices in Campo de Ourique Lisbon
Campo de Ourique is located in the north of Lisbon and is known as a pleasant and lively neighbourhood. The area is known for its many independent shops, restaurants and lively cafes, which add to its charm.
In terms of property, Campo de Ourique is considered one of the most expensive areas in Lisbon. Property prices in the area are generally higher than the city average, due to the high demand and shortage of available housing. Flats and houses for sale or rent in the area are often more expensive than in other areas of Lisbon, but they are also generally of better quality and in convenient locations.
Despite its high prices, Campo de Ourique remains a popular choice for those looking to buy or rent property in Lisbon. The area is considered one of the safest and liveliest in the city and offers a variety of shops and restaurants nearby.
- Property price per m² in Campo de Ourique: 5735€/m².
- Evolution of property prices in Campo de Ourique between November and December 2022: -6.6%
- Evolution of the property price in Campo de Ourique between September and December 2022 : -4.5%
- Evolution of the property price in Campo de Ourique between December 2021 and December 2022 : -2.9%
Property prices Campolide district Lisbon
Campolide is located in the east of Lisbon and is considered one of the quietest and most peaceful areas of the city. The area is known for its tree-lined streets and traditional style houses, which add to the charm of the area.
Campolide is also known for its excellent accessibility by public transport. The area is served by numerous tram and bus lines, making it a convenient place to live or work. In addition, the area is also close to the Santa Apolónia train station and Lisbon airport, making it an ideal location for those who travel frequently.
In terms of property prices, Campolide is generally considered cheaper than other areas of Lisbon, such as the city centre or Alcântara.
- Property price per m² in Campolide: 5986€/m².
- Evolution of property prices in Campolide between November and December 2022: +2.4%.
- Evolution of the property price in Campolide between September and December 2022: +0.5
- Evolution of the property price in Campolide between December 2021 and December 2022: +12.9%.
Real estate prices in Carnide Lisbon
The Carnide area is located in the northern part of Lisbon and is known as a quiet and pleasant residential area. The area is home to many traditional style houses and flats, which are generally very popular with buyers and tenants. The area is also well served by public transport, making it a convenient place to live or work.
In terms of property prices, Carnide is generally considered to be one of the cheapest areas in Lisbon. Detached houses and flats are generally cheaper than in other parts of the city, making it a popular choice for those looking to buy or rent property in Lisbon. However, it is important to note that property prices in Carnide tend to increase over the years, due to the growing demand for housing in this area of the city.
Compared to other areas of Lisbon, Carnide is generally considered to be less lively and less touristy.
- Property price per m² in Carnide: 4566€/m².
- Evolution of property prices in Carnide between November and December 2022 : -4.6%
- Evolution of the property price in Carnide between September and December 2022 : -6.1%
- Evolution of the property price in Carnide between December 2021 and December 2022: +4.9%.
Property prices in Estrela Lisbon
The Estrela district is one of the most popular areas for real estate in Lisbon. Located in the west of the city, the area is known for its beautiful neoclassical houses and peaceful, leafy streets. The area is also home to many tourist attractions, such as the Basilica of the Holy Star and the Jardim da Estrela, which are popular places for walking.
The Estrela district is also well served by public transport, with several metro and bus lines serving the area. This makes it a convenient place to live or work. In terms of property prices, Estrela is one of the most expensive areas in Lisbon, but it also offers a high quality of life and is considered a safe and peaceful area.
- Property price per m² in Estrela: 6217€/m².
- Evolution of the property price in Estrela between November and December 2022: +0.4
- Evolution of the property price in Estrela between September and December 2022: +5.9%.
- Evolution of Estrela property prices between December 2021 and December 2022: +18.4%.
Real estate prices in Lumiar Lisbon
Lumiar is one of the most sought-after areas in Lisbon for buying or renting property. Located in the east of the city, the area offers proximity to the city centre while being relatively far from the tourist frenzy. The area is also well served by public transport and is easily accessible from Lisbon International Airport.
Lumiar is distinguished by its variety of accommodation, ranging from modern flats to townhouses and luxury villas. Property prices in Lumiar are generally higher than the national average, but are still lower than in Lisbon’s most prestigious areas, such as Chiado and Lapa.
Lumiar also offers many options for leisure and entertainment, with many parks, restaurants and bars keeping the area alive. The area is also known for its modern shopping centres and quality health centres.
- Property price per m² in Lumiar: 3797€/m².
- Evolution of property prices in Lumiar between November and December 2022: +0.2%.
- Evolution of the property price in Lumiar between September and December 2022: +1.5%.
- Evolution of the property price in Lumiar between December 2021 and December 2022: +2.9%.
Property prices in Marvila Lisbon
Marvila is an up-and-coming area of Lisbon, located in the east of the city. The area is becoming increasingly popular with property buyers and renters due to its proximity to the city centre and its developing neighbourhood atmosphere.
Property prices in Marvila are generally lower than the national average and are considered reasonable compared to other areas of Lisbon, such as Chiado and Lapa. The area offers a variety of accommodation, ranging from modern flats to townhouses and luxury villas.
Marvila is also known for its many parks and gardens, which offer beautiful walks and green space to its residents. The area is also well served by public transport and is easily accessible from Lisbon International Airport.
- Property price per m² in Marvila: 3763€/m².
- Evolution of property prices in Marvila between November and December 2022 : -2.2%
- Evolution of the property price in Marvila between September and December 2022 : -6.4%
- Evolution of the property price in Marvila between December 2021 and December 2022: +4%.
Real estate prices in Misericórdia Lisbon
Misericórdia is one of the most popular areas in Lisbon for buying or renting property. Located in the heart of the city, the area is ideally situated for those looking to be close to the tourist attractions and shops of the city centre. The area is also well served by public transport and is easily accessible from Lisbon International Airport.
The Misericórdia area is notable for its many neoclassical buildings and townhouses, which add to the charm of the area. Property prices in Misericórdia are generally higher than the national average, but are still lower than in Lisbon’s most prestigious areas, such as Chiado and Lapa.
Misericórdia also offers many leisure and entertainment options, with many restaurants, bars and theatres keeping the area alive. The area is also known for its many shopping centres and quality health centres.
- Property price per m² in Misericórdia: 6267€/m².
- Evolution of property prices in Misericórdia between November and December 2022 : -0.8%
- Evolution of the property price in Misericórdia between September and December 2022 : -1.1%
- Evolution of the property price in Misericórdia between December 2021 and December 2022: +4.1%.
Property prices in Olivais Lisbon
The Olivais district is one of the most popular areas in Lisbon for buying or renting property. Located in the south of the city, the area is well served by public transport and is easily accessible from Lisbon International Airport.
The Olivais area is distinguished by its variety of accommodation, ranging from modern flats to townhouses and luxury villas. Property prices in Olivais are generally lower than in the more prestigious areas of Lisbon, such as Chiado and Lapa, but are still higher than the national average.
Olivais also offers many options for leisure and entertainment, with many parks, restaurants and bars keeping the area alive. The area is also known for its modern shopping centres and quality health centres.
- Property price per m² in Olivais: 3489€/m².
- Evolution of property prices in Olivais between November and December 2022: +0.2%.
- Evolution of the property price in Olivais between September and December 2022 : -0.7%
- Evolution of the property price in Olivais between December 2021 and December 2022 : +11.2
Property prices in Parque das Nações Lisbon
Parque das Nações is a rapidly developing area in the east of Lisbon. The area has undergone a major transformation in the last decades, with the construction of many modern buildings and the organisation of the 1998 World Expo. Today, the district is known for its futuristic architecture and lively cultural life.
Parque das Nações is also a great place to buy or rent a property. The area offers a variety of accommodation, ranging from modern flats to townhouses and luxury villas. Property prices in Parque das Nações are generally higher than the national average, but are still lower than in Lisbon’s most prestigious areas, such as Chiado and Lapa.
Parque das Nações is also a lively area, with many shopping centres, restaurants and bars providing entertainment in the area. The area is also known for its tourist attractions, such as the Oceanário de Lisboa and the Pavilhão de Portugal.
- Property price per m² in Parque das Nações: 5695€/m².
- Evolution of property prices in Parque das Nações between November and December 2022 : -1.3%
- Evolution of the property price in Parque das Nações between September and December 2022 : -5.6%
- Evolution of property prices in Parque das Nações between December 2021 and December 2022 : -7.6%
Real estate prices in Penha de França Lisbon
Penha de França is located in the north-east of the city, with good public transport links and close proximity to the city centre, yet relatively far from the tourist hustle and bustle.
Penha de França is characterised by its variety of accommodation, ranging from modern flats to townhouses and luxury villas. Property prices in Penha de França are generally lower than in Lisbon’s most prestigious areas, such as Chiado and Lapa, but are still higher than the national average.
Penha de França also offers many options for leisure and entertainment, with many parks, restaurants and bars keeping the area alive. The area is also known for its modern shopping centres and quality health centres.
- Property prices per m² in Penha de França : 4027€/m²
- Evolution of property prices in Penha de França between November and December 2022: -0.9%
- Evolution of the property price in Penha de França between September and December 2022 : -1.5%
- Evolution of the property price in Penha de França between December 2021 and December 2022: +4.3%.
Real estate prices in Santa Clara Lisbon
The Santa Clara district is one of the most popular areas in Lisbon for buying or renting property. Located in the heart of the city, the area is known for its lively streets, trendy restaurants and bars, and numerous leisure and entertainment options. The area is also well served by public transport and is easily accessible from Lisbon International Airport.
The Santa Clara area is known for its quality housing, which ranges from modern flats to townhouses and luxury villas. Property prices in Santa Clara are generally higher than the national average, but are still lower than in Lisbon’s most prestigious areas, such as Chiado and Lapa.
The Santa Clara area also offers many leisure and entertainment options, with numerous parks, restaurants and bars keeping the area alive. The area is also known for its modern shopping centres and quality health centres.
- Property price per square metre in Santa Clara: 3929€/sqm
- Evolution of property prices in Santa Clara between November and December 2022: +0.8
- Evolution of property prices in Santa Clara between September and December 2022: +7.8
- Evolution of the property price in Santa Clara between December 2021 and December 2022: +42.1%.
Real estate prices in Santa Maria Maior Lisbon
The Santa Maria Maior district is one of the most historic and prestigious areas of Lisbon. Located in the city centre, the area is known for its important historical monuments, such as the Lisbon Cathedral and the Castelo de São Jorge. The area is also known for its cobbled streets and colourful townhouses, which add to the charm of the area.
The Santa Maria Maior area is particularly popular for buying or renting property because of its proximity to the tourist attractions and shops of the city centre. Property prices in Santa Maria Maior are generally higher than the national average and are among the highest in Lisbon. The area is also well served by public transport and is easily accessible from Lisbon International Airport.
Santa Maria Maior is also known for its many restaurants, bars and fashion shops, which add to its vibrancy.
- Property prices per m² in Santa Maria Maior: 5911€/m².
- Evolution of property prices in Santa Maria Maior between November and December 2022: +1.4%.
- Evolution of property prices in Santa Maria Maior between September and December 2022: +1.6%.
- Evolution of the property price in Santa Maria Maior between December 2021 and December 2022: +3.6%.
Property prices in Santo António Lisbon
The Santo António district is located in the south of the city of Lisbon and is known for its lively streets, restaurants and trendy bars. The area is also known for its historic townhouses and modern apartment buildings, offering a wide variety of accommodation for all budgets.
Property prices in Santo António are generally higher than the national average, but are still lower than in Lisbon’s more prestigious areas, such as Chiado and Lapa. However, it is important to note that prices can vary depending on the location and characteristics of the building.
Santo António is also well served by public transport and is easily accessible from Lisbon International Airport. In addition, the area offers many leisure and entertainment options, with numerous parks, museums and shopping centres.
- Property price per m² in Santo António: 7408€/m².
- Evolution of property prices in Santo António between November and December 2022: -2.4%
- Evolution of the property price in Santo António between September and December 2022 : -0.1%
- Evolution of property prices in Santo António between December 2021 and December 2022: +7.4
Real estate prices in São Domingos de Benfica Lisbon
São Domingos de Benfica is located in the west of the city. This area of Lisbon offers proximity to the city centre while being relatively far from the tourist frenzy. The area is also well served by public transport and is easily accessible from Lisbon International Airport.
São Domingos de Benfica is distinguished by its variety of accommodation, ranging from modern flats to townhouses and luxury villas. Property prices in São Domingos de Benfica are generally lower than in the more prestigious areas of Lisbon, such as Chiado and Lapa, making it an attractive option for those looking to invest in property in Lisbon.
São Domingos de Benfica also offers many leisure and entertainment options, with numerous parks, restaurants and bars keeping the area alive. The area is also known for its modern shopping centres and quality health centres.
- Property price per m² in São Domingos de Benfica: 4460€/m².
- Evolution of property prices in São Domingos de Benfica between November and December 2022: -0.3%
- Evolution of property prices in São Domingos de Benfica between September and December 2022: +2.6
- Evolution of property prices in São Domingos de Benfica between December 2021 and December 2022: +14.1
Property prices in São Vicente Lisbon
Located close to the city centre and Praça do Comércio, the area offers proximity to the city’s tourist attractions and shops while being relatively far from the hustle and bustle of the city centre.
São Vicente is known for its many modern buildings and high-end flats, which attract many foreign buyers and tenants. Property prices in São Vicente are generally higher than the national average, but are still lower than in Lisbon’s most prestigious areas, such as Chiado and Lapa.
São Vicente is also well served by public transport and offers many options for leisure and entertainment, with many parks, restaurants and bars keeping the area alive. The area is also known for its modern shopping centres and quality health centres.
- Property price per m² in São Vicente: 4440€/m².
- Evolution of property prices in São Vicente between November and December 2022: 0.0%.
- Evolution of property prices in São Vicente between September and December 2022: +0.4%.
- Evolution of house prices in São Vicente between December 2021 and December 2022 : -2.3%
