Prime Neighborhoods in Lisbon for Real Estate Investors Right Now

Lisbon has been weaving in and out of the news for the past few years. Its luxury property market is thriving, with predicted growth of 4.5 percent for luxury properties in 2025. There is strong potential for capital appreciation and for foreign buyers to secure a solid return on their investment.

Alongside this, more high network individuals, investors, families and young professionals are seeking a base where they can enjoy a high quality of life, safety, and a rich culture, alongside excellent education and business opportunities. Retiring in Lisbon has also become a goal for many expats. The cherry on top- or perhaps the key driver for some – is the 300 plus days of sunshine per year that Lisbon promises.

While Lisbon is often in the news and some neighborhoods regularly get a mention, here we cut through the noise to highlight the prime neighborhoods to consider investing in right now.

Estrela

Overlooking the majestic Estrela Basilica and Jardim da Estrela, one of the most charming gardens in the city, is Estrela. Fast becoming a firm favorite with expats looking for a quiet part of the city, Estrela feels a world away from the hustle and bustle of the city center.

Rental yields in Estrela stand at 4.4 percent, with average property prices being €7,694 per square meter. The high quality of life in Estrela makes the price worth it, and families will find spacious properties available on the market here with strong capital appreciation potential.

From quaint cafés to trendy wine bars, a short tram ride will link you directly to the center of time, while you can also easily make your way to one of the picturesque beaches on the Portuguese Riviera and some of the best schools in the Greater Lisbon Area that can be found in Oeiras and Cascais.

Campo do Ourique

Close by Estrela, and with a similar laid-back vibe, Campo do Ourique is almost like stepping into a small community. Here, the residents know each other well and come together for a coffee or a nice dinner in the Mercado de Campo de Ourique. This is one of the best markets in the city that has locals coming from all over the city to enjoy the good quality food on offer, from oysters to local cheese.

For families debating which neighborhood could be a good match, Campo do Ourique is a smart move, with quality schools such as Redbridge International School close by. The neighborhood’s balance of serenity and easy city access ensures steady capital growth.

Average property prices in Campo do Ourique stand at €6,974, with rental yields standing at 4.9 percent.

Alcântara

Nestled along the Tagus River, Alcântara has transformed into a creative hotspot, anchored by LX Factory’s art galleries, the unique bookstore Ler Devagar, and top eateries. Average property prices in Alcântara stand at €6,803, with rental yields an impressive 5.4 percent.

The closeness to Cais do Sodré and downtown Lisbon makes Alcântara a magnet for capital appreciation, with upcoming developments such as the Alcântara metro station upgrade and infrastructure projects ensuring this neighborhood remains highly desirable in the future. The real beauty of this neighborhood, however, is the captivating views of the River Tagus and the Ponte 25 de Abril bridge that lights up the city throughout the year.

Príncipe Real

Lisbon’s proudest neighborhood, home to antique boutiques, hidden miradouros (viewpoints), and world-class restaurants. Prices for Príncipe Real (in the Misericórdia neighborhood) average at around €7,895, with rental yields standing at 5 percent.

Celebrities such as Scarlett Johansson are amongst those who have snapped up a property here, drawn to the neoclassical and baroque palaces and churches, with the striking buildings making Príncipe Real one of the delights of the city.

Easy access to top international schools, beautiful parks, and views of the River Tagus and the Ponte 25 de Abril bridge add to its allure, ensuring that investors will see their money grow should they seek to invest in this intricate neighborhood.

Avenidas Novas

In the heart of Lisbon lies Avenidas Novas, where traditional architecture meets modern infrastructure. This neighborhood is where Lisbon’s business and cultural life collide, and property prices reflect this. Property prices average at €8,377 per square meter, with rental yields clocking in at 4.9 percent. This neighborhood has become highly sought after and is projected to increase in popularity. Should you snap up a beautiful property here, you can expect it to increase in value over the years.

If you were to ask many locals about their favorite part of the city, we’re almost certain Avenidas Novas would crop up in the conversation. With Parque Eduardo VII and the Gulbenkian museum and gardens located here, you’ll easily be able to take a break from city life to enjoy the area. There are also a few ongoing projects and developments to make the area more liveable, and you have the large shopping center El Corte Inglés to get your shopping fix.

Here’s what the property offers:

• Timeless architecture with symmetrical design and lush gardens
• Varandas and terraces invite Lisbon’s light into every home
• 12 apartments, T1 to T3 layouts, cater to modern preferences
• Flexible and functional spaces tailored to individual needs
• Ideal for young families seeking a cosmopolitan lifestyle
• Central location near major avenues and green spaces

If you are interested in Varandas Living or in exploring other developments, don’t hesitate to get in touch with us.

Goldcrest: How We Can Help

If you are seriously considering jumping on the property ladder in Lisbon but can’t quite decide which part of the city is right for you, or which areas present the most atractive investment opporutnities, don’t worry.

We are here to guide you to the best investment options, taking into account your specific needs and lifestyle requirements.

Get in touch today to get the ball rolling.