Barbara Queiróz Updated: October 31, 2025
Luxury apartments in Lisbon are a magnet for real estate investors because of high rental yields and long-term profit. The capital city of Portugal is teeming with Airbnb’s and luxury flats offering an excellent return on investment.
Property values have consistently increased year over year, especially in prime luxury areas like Avenida da Liberdade, Chiado, and Príncipe Real. The Lisbon area attracts wealthy buyers not just for investment but also as a place to live. It offers a high quality of life, a warm climate, high safety, and quality healthcare.
Lisbon is a leading travel destination in Europe with a steady pool of tenants and future buyers. The city attracts digital nomads, entrepreneurs, and high-net-worth investors. In this article, you can find the best places to buy luxury apartments in Lisbon, Portugal, including a few extra tips for property searching and purchasing.
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Quick Summary
- Luxury apartments are redefining the real estate market in Lisbon, with high rental yields and superior comfort.
- Lisbon offers a selection of luxury flats to buy and rent, designed to attract high-net-worth investors.
- Exclusive property listings in Lisbon come at higher prices but are still more affordable than some luxury locations in the United Kingdom and the United States.
An Introduction to Lisbon Luxury Real Estate
Luxury apartments in Lisbon provide strong capital appreciation, high rental yields, and a global appeal for quality of life. Because of the increasing demand and low supply, luxury flats are expensive, especially in prime central locations.
According to a Savills report, the value of luxury apartments in Lisbon, Portugal, went up by 2.4 percent in 2025. The average property values of high-end real estate went up by 0.7 percent across multiple cities around the globe.
Prices are expected to increase between 4 and 6 percent in Lisbon for luxury homes. However, they are estimated to remain more affordable than luxury areas in European cities like London, Paris, and Amsterdam.
Apartment costs in Lisbon, Portugal, are also more affordable than in the United States. Based on Numbeo, rent prices in Lisbon are 59.5 percent cheaper than in New York. Purchase prices are also over 50 percent lower in Portugal than in the US, especially when you compare them with the most expensive cities like New York, San Francisco, or Washington, DC.
You can learn more about Portugal vs US real estate in our ultimate guide.
Why choose Lisbon for luxury apartments?
Lisbon manages to strike the perfect balance between tradition and innovation. The city’s historical and cultural significance is combined with modern amenities and excellent infrastructure, which have attracted expats from across the world.
Investors seeking lucrative real estate investments in Lisbon will find a dynamic and vibrant property market. Rental yields in the Lisbon Metropolitan Area stand at 6.8 percent, and with demand continuing to outpace supply, there is strong potential for capital appreciation.
Luxury apartments start at a rental price of €3,000 per month. In Lisbon’s prime areas, the average purchase price is between €10,000 and €12,600 per square meter. However, buyers should expect to see higher prices for exceptional beachfront properties in coastal regions and Central Lisbon.
A recent 2024 study in Frank Knight’s Wealth Report highlighted that international investors were 3.8 percent more likely to buy luxury homes in Portugal compared with the previous year. Key regions for Portugal luxury properties can be found across the country, from the stunning Algarve region to the historic charm of Porto.
One major advantage of investing in the property market in the Portuguese capital is the sheer diversity of Lisbon luxury real estate. You can find various types of properties, from lavishly decorated modern apartments in the city’s center to large houses on the outskirts, which are perfect for families. Retirees will also find beautiful apartments lining the coast on the Portuguese Riviera, between the bright lights of Lisbon and the charming seaside town of Cascais.
Types of Luxury Apartments in Lisbon
Lisbon has many properties for every buyer. It is the perfect location for access to modern amenities and panoramic views.
The main types of luxury apartments in Lisbon are:
- Penthouses and duplexes: These are the most coveted properties, typically located on the top floors of modern or fully renovated buildings. They offer large, private terraces with swimming pools or jacuzzis, with stunning views of the Tagus River, the city skyline, or São Jorge Castle.
- Palace conversion residences: These are large apartments housed within former 18th- or 19th-century palaces and Pombaline. They keep their original features like high ceilings, intricate stucco work, and ornate doors. But the apartments are fully modernized with luxury finishes and smart-home technology. You can find them primarily in historic prime areas like Chiado or Príncipe Real.
- Modern condominiums: These riverfront apartments are mostly located in newer areas like Parque das Nações. They have a contemporary design with high-end amenities. Since they are mostly part of a gated community, you can expect private parking, swimming pools, and private gyms.
What are the best areas to find a luxury apartment in Lisbon?
The best place to find a luxury apartment in Lisbon depends on your preferences. Whether you are looking for a modern design flat with sparkling river views, a more homely traditional apartment, or an all-out penthouse to live the ultimate life of luxury, there is something for everyone.
Below, we share some neighborhoods that should be on your radar.
1. Avenida da Liberdade
Portugal’s most famous boulevard is lined with designer stores and luxury hotels. Although it is wide, it’s super central, connecting areas known for their charming cobbled streets and within walking distance of all the best parts of the city.
With stylish surroundings, beautiful parks – such as Gulbenkian and Parque Eduardo VII – and top shopping options, this location offers some of the best luxury apartments in Lisbon. You will also find an array of hidden cocktail bars, trendy restaurants, and rooftops where you can enjoy stunning views of the River Tagus.
- Best place for: prestige and resale value
- Average price for a luxury apartment: €9,285 to €12,600 per square meter
2. Chiado
Chiado effortlessly blends classical and modern architecture. Chiado’s cobbled streets are constantly bustling with shoppers. With easy access to theaters, museums, and fine dining, this is one of the finest locales in the city.
However, the location can make a big difference, as Chiado can get busy with tourists, particularly in summer. Plus, you are close to Bairro Alto, the city’s nightlife spot, which makes it a valuable option for buying property for the younger generation.
- Best place for: an active nightlife
- Average price for a luxury apartment: €10,377 per square meter
3. Príncipe Real
With stunning mansions, art galleries, and welcoming cafés, Príncipe Real is a sophisticated, family-friendly neighborhood popular with expats and digital nomads. It can be a solid investment opportunity for Lisbon luxury apartments for long-term rent.
Príncipe Real is known for its intricate architecture, and if you are a keen shopper, you’ll find many boutique stores here, in addition to some of the best restaurants in the city. You are also very well placed to get quickly to the city center and the river. Even the city’s grand waterfront hub, Praça do Comércio, is just a short stroll away.
- Best place for: international residents
- Average price for a luxury apartment: €10,377 per square meter
4. Belém
Just a short ride from the city center on one of Lisbon’s iconic yellow trams, you’ll find Belém. This neighborhood is home to the Jerónimos Monastery, a famous UNESCO World Heritage Site. It offers green parks, the best pastel de nata, and stunning views of the River Tagus. Many properties here also come with private gardens.
Belém is a perfect location for those who want to live close to the capital but need a larger living space. You will find several modern apartments here. The cherry on top is easy access to stunning beaches, such as Carcavelos and the beaches in Cascais.
- Best place for: a peaceful lifestyle
- Average price for a luxury apartment: €8,274 per square meter
5. Estrela
Well known for the impressive Estrela Basilica and extensive gardens, Estrela is a lovely neighborhood. It offers a mix of traditional homes and modern apartments, a strong sense of community, and plenty of green spaces.
You will also come across the food market, Mercado de Campo de Ourique, nearby, home to delicious food, from oysters to gourmet burgers. Even in winter, you can enjoy a nice picnic in the Jardim da Estrela (Estrela Garden).
If you’re looking to retire or move to Lisbon with your family, Estrela could be a perfect location. It is close to the center but relatively quiet and peaceful.
- Best place for: raising a family
- Average price for a luxury apartment: €9,001 per square meter
6. Parque das Nações
Parque das Nações is often compared to Canary Wharf in London. Its futuristic buildings, modern apartments, and some of the best restaurants in the city make it a perfect location for its high potential for capital appreciation.
There are many available luxury apartments in Lisbon for rent. This strategic location allows travelers to stay near the Humberto Delgado Airport (Lisbon Airport). The United Lisbon International School is also nearby in Marvila.
- Best place for: business investment
- Average price for a luxury apartment: €7,288 to €8,883 per square meter
Read our ultimate guide to buying property in Lisbon
A Step-by-Step to Buying Luxury Apartments in Lisbon
There are no restrictions on foreign nationals buying property in Lisbon, and you’ll find the process to be quite straightforward. To make things as easy as possible for you, we’ve broken the steps to buying property in Portugal into the following steps:
- Decide if you require a mortgage to fund the purchase and, if so, determine which option is best suited to your specific situation.
- Finding your ideal property in Portugal is much easier when you work with real estate professionals who can access properties not listed elsewhere on the market.
- Engage in negotiations with the seller. A buyer’s agent or a real estate professional can research the local market and negotiate on your behalf.
- Sign a Reservation Agreement to show your interest and take the property off-market. At this stage, you will be required to pay a reservation fee.
- Sign a Promissory Contract (CPCV), which is a promise to purchase the property. We recommend that the CPCV be signed in front of a Notary.
- Complete the purchase by signing the Escritura (Final Deed), the final step that formally transfers property ownership to you, and where you will need to pay the remaining balance of the property price and other outstanding costs.
For more detailed information on each step, please see our comprehensive guide for foreigners buying property in Portugal.
Working with a real estate agent
If you are considering investing in luxury apartments in Portugal, you’ll want to have an expert in the field to help you with the purchase. From identifying prospective neighborhoods that fit your requirements and having access to properties you will not find elsewhere to guiding you through the intricacies of the property purchase, having a real estate professional by your side is your ticket to a successful and stress-free property-buying process.
It’s important to note that real estate agents in Lisbon and Portugal, on the whole, work on behalf of the seller and will receive a higher commission for a higher sale. On the other hand, a buyer’s agent, like Goldcrest, works solely for the buyer, focusing on meeting their specific needs and safeguarding their interests.
Seek legal guidance
Alongside working with a buyer’s agent or real estate team, we highly recommend enlisting the assistance of a real estate lawyer in Lisbon to ensure you adhere to all the legal requirements. From ensuring the seller has the right to sell to outlining potential issues with the property, having a lawyer by your side could save you money in the long run.
Financing your new apartment
With more than 15 banks offering mortgages in Portugal, make sure you find the best funding for your investment. You can find out more in our ultimate guide on getting a mortgage in Portugal.
How to Find Luxury Apartments Lisbon for Sale
The Portuguese real estate market is fragmented. In other words, many off-market properties are for sale. Since there is no Zillow, Portugal, for luxury real estate, you can rely on a local buyer’s agent, real estate agent, or property listings to find the apartment you need.
You can use a property finder in Portugal to search for apartments in Lisbon or nearby. A buyer’s agent like Goldcrest can find real estate anywhere in the country. Our team works on behalf of the buyer and can negotiate the best price for luxury apartments in Lisbon.
Goldcrest: How We Can Help You
Goldcrest is a buyer’s agent that is based in Lisbon. We provide expert, impartial advice on real estate investments and how to buy property in Portugal. From scouting out the perfect property through to property acquisition, we have you covered throughout the process.
If you are looking to purchase property in Portugal, don’t hesitate to get in touch. Our team of skilled experts is available to solve all your real estate doubts, helping you with the property search and offering insightful expertise and strategic advice.
Why choose Goldcrest?
- Local knowledge: With offices located across Portugal, our presence nationwide allows us to assist you personally across the country.
- Independent service: As an independent buying agent, we do not represent any development or project. Our service is entirely tailored toward each individual client, providing you with everything you need to secure the perfect property at the best possible price. As an impartial advisor on the market, we work solely on behalf of our client and provide a service tailored to your needs and requirements.
- Streamlined process: Our real estate agents speak English and Portuguese, and our service is completely focused on providing you with a hassle-free buying experience, saving you time.
- Experienced team: Our expert real estate team has a vast local knowledge of the Portuguese property market. We have cutting-edge technology and metasearch tools at your disposal to provide full market coverage, ensuring the best investment choices and negotiated prices.
- Network of partners: We have a close network of partners, including lawyers, property management services, builders, architects, designers, and landscape gardeners, again saving you time and hassle by providing you with trusted experts in their field of work.
Frequently Asked Questions about Luxury Apartments in Lisbon
What are the best neighborhoods for luxury apartments in Lisbon?
The best neighborhoods for luxury apartments in Lisbon include Chiado, Avenida da Liberdade, and Principe Real. These areas offer a blend of historic charm, modern amenities, and proximity to top restaurants, shops, and cultural landmarks, making them highly desirable for luxury living.
What's the average price for a luxury apartment in Lisbon?
Luxury Lisbon apartments for sale can cost €10,000 to €12,600 per square meter depending on the neighborhood and type of property. While the cost of rent can exceed €3,000 per month.
What is the process for buying a luxury apartment in Lisbon?
Buying a luxury apartment in Lisbon starts with choosing the right neighborhood. Next, you make an offer, sign a promissory contract, and pay a deposit. Once legal checks are complete, you can sign the final deed and officially become the property owner.
Are there new developments for luxury apartments in Lisbon Portugal?
Yes, Lisbon has several new luxury apartment developments, especially in neigborhoods such as Parque das Nações and Estrela. A new building can be a better option than buying an old property, as you will have modern interiors and insulation that may be lacking in some of the older properties.
What are the benefits of living in a luxury apartment in Lisbon?
Living in a luxury apartment in Lisbon offers benefits like premium amenities and a high standard of living. For many, life in the Portuguese capital is the ultimate dream. Residents enjoy breathtaking city or river views and discover the vibrant cultural and culinary scene that Lisbon is famous for.
