If you’re considering buying Lisbon real estate, then you are likely wondering what the best neighborhoods in Lisbon are. Lisbon real estate has become more popular over the last ten years both with investors and with expats trading in their lives for a sunnier, and higher quality of life. As far as places to live in Lisbon go, prices do have quite a range depending on the area of Lisbon you are interested in. We will take you through the main Lisbon areas and what you can expect to pay for real estate in each of them.
Which is the best neighborhood in Lisbon to buy real estate?
Real estate prices in Bairro Alto
Bairro Alto is one of the most popular places you can choose to buy property as an investor. It’s right in the center of town and as far as Lisbon areas go, it’s in the mid to high range of prices for buying Lisbon real estate. Bairro Alto is a key tourist zone and just neighboring Baixa Chiado, a high-end shopping district. This area is known to attract investments in short term holiday rentals, where you can expect to receive high rental yields.
The average price for a 75 sqm 2-bedroom apartment: €450,000 – €500,000
Real estate prices in Lapa and Santos
Lapa and Santos are also highly attractive investment opportunities, both in the tourist short-term rental market and in the long-term rental possibilities, as the neighborhood has high demand from an affluent local renters’ market too. If you’re thinking of relocating to Lisbon, Lapa and Santos are amongst the best Lisbon areas to live with families thanks to the parks, cafes and schools that surround the area.
The average price for a 75 sqm 2-bedroom apartment: €400,000 – €450,000
Real estate prices in Avenidas Novas
Avenidas Novas is not the main touristic area of town but still a very popular choice for real estate investment in Lisbon as it is a bustling area where locals, expats and families mostly are living and working. You can get more value for money in this part of town and can expect to rent long-term to students or professionals.
The average price for a 75 sqm 2-bedroom apartment: €300,000 – €400,000
Real estate prices in Intendente and Mouraria
Intendente and Mouraria are some of the most up-and-coming neighborhoods in Lisbon and therefore present an attractive opportunity to investors looking to cash in a return on a sale in a few years’ time. The prices in this area are quite reasonable considering how well located the area is in Lisbon. There is both a short-term rental market for tourists as well as a long-term market for locals and young professionals in this hip part of town.
The average price for a 2-bedroom apartment: €375,000 – €425,000
Real estate prices in Campo de Ourique
Campo de Ourique is a sought after and quiet part of town that presents more opportunities in the long-term rental market. It’s an ideal neighborhood to relocate to with family too, considering the green spaces, the indoor food hall, and a plethora of cafes and restaurants.
The average price for a 75 sqm 2-bedroom apartment: €450,000 – €500,000
Real estate prices in Alfama and Graça
Graça and Alfama are the oldest parts of town, situated up high with panoramic views of the city and Tagus river from the famous miradouro look-out points. It’s no wonder that these neighborhoods are the top choice for tourists visiting Lisbon. There are however certain rules in place that have prevented the initiation of new Airbnb contracts in this part of town so from a purely short-term holiday rental investment standpoint, this might not be the best option.
The average price for a 75 sqm 2-bedroom apartment: €369,750 – €415,000
Real estate prices in Belém, Ajuda, and Restelo
These parts of town will be better value per square meter, as they aren’t so centrally located to be the main hot-spot of tourists. However, for families from a relocation perspective, these areas have plenty of space and are still very pretty and happening neighborhoods to live in.
The average price for a 75 sqm 2-bedroom apartment: €415,000 – €475,000
Real estate prices in Parque das Nações
Parque das Nações is a newly re-developed quieter part of town that presents interesting opportunities to investors looking to get good value for their money with great growth potential on the investment. There are striking contemporary buildings here and the area lines the waterfront of the Tagus river. It’s also a spacious place to move to with family, while still being centrally located.
The average price for a 75 sqm 2-bedroom apartment: €440,000 – €515,000
With so many great opportunities for investment, the real challenge as a purchaser is narrowing your search.
