Updated: May 7, 2025
Lisbon is one of the world’s safest and most beautiful cities in which to live and invest in property. Crowned the Best City Break Destination by the World Travel Awards in 2024, Lisbon is the perfect place to enjoy a high quality of life.
With its stable infrastructure, affordable living costs, world-renowned cuisine, endless attractions and beaches, and an average of 300 days of sunshine per year, it’s difficult to find another city quite like Lisbon.
If investing in Portugal’s capital city is on your radar, this article will guide you in selecting a proficient real estate agent in Lisbon with knowledge of the local real estate market to navigate language barriers and help you avoid costly risks and scams.
An Introduction to Lisbon's Real Estate Market
In 2025, Lisbon expects to ride a wave of increased international interest and demand for property. Drawing interest from all corners of the globe, Lisbon is one of the top cities for expats who are in search of a high quality of life and want to invest in apartments and houses to relocate to Portugal or earn investment returns.
Remaining resilient in a challenging economic climate, Lisbon ranks above European cities such as Monaco, Geneva, Paris, and Milan regarding anticipated growth in its luxury market for 2025. The city’s projected capital appreciation for luxury properties is expected to climb as high as 4.5 percent this year.
In 2024, rental yields in the Lisbon municipality stood at 6.8 percent, a slight increase from the previous year.
In the sections below, we will take a deeper look into the Lisbon property market, including the types of property to invest in and property prices in Lisbon.
Residential properties in Lisbon
Most residential neighborhoods in Lisbon feature historical centers, glamorous districts, and waterfront properties. There are many different homes available for sale in Lisbon, including modern apartments with natural light, luxury villas, townhouses, waterfront properties, and condominiums.
Each neighborhood in Lisbon has its distinctive energy. For example, Alfama is famous for its old-town medieval charm and Fado music, Graça retains a historic charm but has a more lived-in feel, while Estrela, with its spacious properties and host of amenities, is perfect for families.
Commercial properties in Lisbon
Commercial properties are properties that you can buy for business purposes, such as small projects, restaurants, cafés, co-working places, and shops.
These types of properties offer the potential for lucrative returns, especially in light of the booming tourism sector in the city.
Luxury properties in Lisbon
High-end real estate in prime luxury areas like Avenida da Liberdade, Santo António, Parque das Nações, Santa Maria Maior, Chiado, and Príncipe Real includes spacious penthouses and townhouses with exquisite Portuguese architecture and modern apartments with rooftop terraces, natural light, private pools, and smart home technology.
Real estate costs in Lisbon
The average asking price for residential real estate in Lisbon is €6,934 per square meter, but if you’re buying property in Lisbon in the sought-after neighborhoods of Santo António and Parque das Nações, for example, the asking price goes as high as €9,051 and €8,517 per square meter, respectively.
Note that these are asking prices, and the sales price can often be significantly lower than this figure. This figure will also decrease if you take the greater Lisbon area into consideration, with prices then falling to €4,935 per square meter.
Cost of rent in Lisbon
The downside of a booming property market in Lisbon is that rental costs will increase over time. Because of this, buying property in Lisbon sooner rather than later makes more financial sense compared to renting.
That said, if you prefer to get a feel for the neighborhood before buying, then renting can be a good short-term solution. Here are the average rent prices per month in Lisbon:
- One-bedroom apartment in city center: €1,404
- One-bedroom apartment outside of the city center: €1,082
- Three-bedroom apartment in city center: €2,631
- Three-bedroom apartment outside of the city center: €1,778
Why do you need a real estate agent in Lisbon?
The real estate market in Portugal is fragmented, which means there is no one website, such as a Zillow Portugal, where you can find all the properties available for purchase or rentals listed. This can make it tricky to navigate the Portuguese market, particularly if you do not speak Portuguese or are unfamiliar with the buying process.
When looking to purchase property, it’s good to know that there are plenty of estate agents in Lisbon, Portugal, with international experience and in-depth knowledge of the local market. A realtor in Portugal can be priceless in scouting out your dream property, saving you time and hassle.
Using the services of knowledgeable professionals can simplify the buying or selling process. Below are a few benefits of working with a real estate agent.
Market expertise
In Lisbon, an experienced real estate advisor or buyer’s agent such as Goldcrest will have access to an extensive local real estate market database and will be able to provide a shortlist of potential properties based on your requirements to help you find the perfect property.
If you plan to invest in a property and rent it out, a good agent will save you a lot of hassle by finding the perfect property and location for investment, along with assisting with finding tenants to lease the property.
In the long run, working with a real estate agent or buyer’s agent will likely save you money as they can help you avoid pitfalls that could significantly cost you, such as buying from unverified owners.
Personalized property matching
The role of Lisbon estate agents is crucial in the property-buying process, but it’s essential to select services tailored to your needs.
You’ll need to work with someone who has extensive local knowledge in the area where you’re looking to buy your home so that you can be suitably matched with properties that genuinely cater to your needs and requirements.
Navigating legal and financial processes
Real estate agencies will ensure you are aware of any legal implications with the purchase and direct you to a trustworthy real estate lawyer should you need one. To discover why you should consider working with a real estate lawyer, check out our article, Real Estate Lawyer Lisbon.
They will also be able to recommend banks to provide a smooth process for securing a mortgage to finance the property.
How to Find a Real Estate Agent in Lisbon
Now that we know a bit more about the value of professional services in relation to real estate purchases in Lisbon, Portugal, here are a few tips to help you find a top real estate agent in the Portuguese capital.
Identifying your real estate needs
Whether you’re seeking a Lisbon real estate agent with property management services or a luxury property real estate agent in Cascais to help you purchase property on the Portuguese Riviera, there is a great selection of quality professionals available to you.
However, defining your requirements is essential to finding Lisbon property agents that suit you best. You will need to decide on your dream property specifics—size, strategic location, budget, and style—to aid the search. You will also need to have a clear idea of how you plan to finance the purchase.
Once you know exactly what you want and need, it will be easier to choose which property professional suits you best.
Searching for agents
Today, most, if not all, companies have an online presence, and a quick search for “estate agents Lisbon” will provide you with an overview of your options.
Furthermore, you should be able to find online comments and reviews from past clients detailing their experience with a company and agent. It’s important to request recommendations, check reviews, and contact agents aligning with your criteria to start the process towards securing your dream home.
You can also ask family members, friends, or colleagues for referrals to a reputable realtor in Lisbon that they have used before.
Evaluating potential agents
When deciding to move forward with the right Lisbon real estate agents, make sure to communicate with them directly. Talk to real estate agencies about the kind of real estate services they provide, the kind of services you need, and their expertise in Portugal’s property market.
You should also ensure that the real estate advisor has an AMI license number, which is needed for any real estate agent to conduct business in Portugal.
Consider using this checklist for a systematic evaluation of key criteria to help you make an informed decision when hiring a realtor in Lisbon, Portugal, or a company focusing on residential purchases.
Criteria Evaluation Language Proficiency Do they speak English? Experience with International Buyers Can they provide project data proving experience? Property Market Insight Do they have an exceptional understanding of the Portuguese real estate market to provide expert investment advice and services? Focus on Real Estate in Portugal Is their service focused on real estate in Portugal? Track Record of Excellence and Communication Do they maintain contact and have a track record of excellence? Business Credentials Do they have business credentials to share with clients? AMI License Number Do they have an AMI license number? Alignment of Company Values Do their company values align with your interests?
Real Estate Agent versus a Buyer's Agent
Dealing with a real estate agent can be a great help when purchasing property, but you should be aware of the fact that real estate agents work mainly on behalf of the seller, not the buyer, and they will get a higher commission for a higher sale.
Working with a buyer’s agent is a completely different story. The buyer’s agent works solely on your behalf (as a buyer), and this is an excellent advantage for you. A buyer’s agent, such as Goldcrest, will search for the best options that suit you, not just complete the sale to get a higher commission.
To help you understand the key differences between working with a buyer’s agent and a real estate agent, we have created a comprehensive guideline showcasing each option’s advantages and potential drawbacks.
Factors | Real Estate Agent | Buyer's Agent |
Work Scope | Facilitates transactions for various parties | Exclusively works for the buyer throughout the process |
Search & Selection Assistance | May present options, but not solely focused on buyer's needs | Focuses on finding options that suit the buyer best |
Representation | Represents the seller's interests primarily | Solely represents the buyer's interests |
Conducting Legal Checks | May overlook some legal checks for buyer's benefit | Ensures thorough legal checks for buyer's protection |
Language Assistance | Language proficiency may vary | Proficient in the buyer's language |
Negotiation | Represents seller's interests in negotiation | Negotiates exclusively for buyer's benefit |
Documentation Handling | May not prioritize all necessary documentation | Ensures all required documentation is in order |
Time and Cost Savings | May not optimize for time and cost efficiency | Saves time and money by focusing on buyer's needs |
Commission | Earns higher commission for higher sale prices | Does not earn based on sale price, focused on buyer |
Step-by-Step Guide for Your Property Journey
Now that we have discovered more about Lisbon’s property market and equipped you with the essential knowledge you need to find a real estate professional in Lisbon, it’s time to put words into action.
While a good real estate professional, like a buyer’s agent, will be able to guide you through every step of your property investment journey, it’s always good to know what to expect. To set you up for success, use these basic steps of the purchase process as a roadmap to plan your next steps.
Step 1: Request an appointment to discuss your specific needs.
Step 2: Your agent will conduct a property search and arrange viewings.
Step 3: Once your agent has arranged shortlisted viewings based on your needs and you have reviewed the properties, you and your agent can formulate an offer for the property.
Step 4: Shortly after the offer is accepted, your agent will assist with completing legal paperwork and other necessary formalities.
Step 5: It’s time to close the deal. Your buyer’s agent can help you with finalizing the legalities of the purchase, help you sign contracts and legal documents, and ensure you understand and agree with other aspects of the purchase.
Goldcrest: How We Can Help
At Goldcrest, our team will be delighted to help you find the perfect property for your investment needs. We offer expert and impartial advice, working with you to find the perfect home or Lisbon real estate investment, or other opportunities in Portugal’s most desirable locations.
With advanced tools, in-depth knowledge of the local property market, and an extensive network, including access to an exclusive list of off-market opportunities, we help you find the best properties at the best price. From market analysis and property valuation to acquisition and post-purchase support like setup, leasing for rental properties, and property management, we ensure your experience is seamless.
As an independent buyer’s agent, we work exclusively for you, putting your interests first. Our approach includes assistance with legal requirements, taxes, and fees, making the entire process straightforward and stress-free.
Book a free call with us to see how we can help you find your dream property!
Frequently Asked Questions about How to Find a Real Estate Agent in Lisbon, Portugal
What services do real estate agents in Lisbon offer and why should I hire one?
A real estate agent for expats in Lisbon can provide market insights, leverage local knowledge and current prices to secure the best deals, bridge language barriers, and ease the sales process with expertise. They’ll assist with the entire property buying journey, from property search and negotiation to legal assistance and guidance on local regulations.
House hunting can be tricky, which is why having an experienced real estate agent in Portugal or, preferably a buyer’s agent, by your side is an excellent idea to provide you with advice and property listings and help you navigate the local market so that you can find the perfect selection of homes for sale that fit your requirements.
Should I work with a real estate agent or a buyer's agent?
In Portugal, real estate agents work on behalf of the seller and get a higher commission for a higher sale, while a buyer’s agent works on behalf of the buyer.
While real estate agents should have your best interests at heart, working with a buyer’s agent can be a good idea to ensure your needs are prioritized. As they work on your behalf as the buyer, they will help you locate the best properties at the best price.
Is buying property in Lisbon expensive compared to other cities?
When comparing property prices in Lisbon with other Western European capitals, then Lisbon is relatively inexpensive. However, if you are looking to buy property in Lisbon, prices are on the rise, and the Portuguese capital has its own price range when compared with the rest of the country.
The average asking price for residential real estate in 2024 in Lisbon City was €6,934 per square meter. For the municipality, the price stood at €4,935 per square meter. Note that this is the asking price, and the sales price can be significantly lower than this.
What is the average cost of a home in Lisbon, Portugal?
The average asking price for residential real estate in 2024 was €6,934 per square meter. Of course, the cost of a home will vary based on a number of factors, such as its strategic location in Lisbon, its size, and its amenities.
However, the value and return potential greatly depend on what you’re seeking and the location. For instance, purchasing just outside major city centers can prove more affordable than prime city spots. Furthermore, some neighborhoods are more budget-friendly than others, making location research paramount to finding the best investment opportunity.
Why should I consider hiring a real estate agency in Lisbon?
Real estate agents in Lisbon, Portugal, offer expertise in local market trends, access to a wider range of properties, negotiation skills, and legal guidance, streamlining the process and ensuring a successful property transaction.
Bear in mind that Lisbon estate agents will work on behalf of the seller, while a buyer’s agent represents the buyer’s needs, ensuring they get the best price for the property. In short, they can assist you in finding your dream home in Portugal.
How to find the best real estate agent in Lisbon?
To find the best real estate agents in Lisbon, Portugal, seek referrals from locals or online reviews, verify their credentials and experience, interview multiple agents, assess their knowledge of the local market, and ensure clear communication and transparency throughout the process.
Note that a real estate agent will work on behalf of the seller and get a higher commission for a higher sale, while a buyer’s agent represents the buyer’s needs and ensures the buyer gets the best price for the property.
How can I find a Lisbon real estate agent in Lisbon to help me find a property to rent?
A quick keyword search for “real estate agency Lisbon rent” and “find property in Lisbon with real estate agent” will provide you with some options. Following this, you can refine your search based on reviews and ratings. If you know someone who has used a real estate agency in Lisbon to find a rental property, then this is also an excellent option for finding a trusted agency.
Bear in mind, however, that real estate agents in Lisbon will work on behalf of the seller and get a higher commission for a higher sale. As such, working with a buyer’s agent, such as Goldcrest, can be a smarter move, as they work solely on behalf of the buyer. This ensures that your needs are prioritized 100 percent of the time.
What is the process of working with a real estate agent in Lisbon?
The process involves initial consultation, property search and viewings, making an offer, negotiation, signing a contract, and finalizing the sale.
What neighborhoods do real estate agents in Lisbon recommend for families?
Real estate agents in Lisbon often recommend family-friendly neighborhoods like Areeiro, Campo de Ourique, and Estrela. These areas are known for their safety, good schools, parks, and community amenities.
How to verify the credentials of a real estate agent in Lisbon?
Verify the credentials of a real estate agent in Lisbon by checking their license with the Instituto dos Mercados Públicos, do Imobiliário e da Construção (IMPIC), reading reviews, and asking for references from past clients. The most credible real estate license is the AMI license issued by IMPIC, allowing real estate agents with a license to conduct business in Portugal.
How do real estate agents in Lisbon handle property viewings?
The best real estate agents in Lisbon handle property viewings by scheduling appointments, providing virtual tours if necessary, offering detailed property information, and guiding prospective buyers through the viewing, ensuring all questions are addressed.
How can I find the best deals through real estate agents in Lisbon?
Find the best deals by working with an experienced real estate agency who has a clear understanding of the Portuguese real estate market, using their negotiation skills, and staying informed about market trends. Agents often have access to off-market listings and exclusive opportunities.
In Portugal, real estate agents work for the seller and receive higher commissions from higher sale prices. Consequently, hiring a buyer’s agent is recommended to ensure your interests are protected, as they work solely on your behalf.
Do real estate agents in Lisbon provide after-sales services?
Yes, many real estate agents and buyer’s agents in Lisbon, including Goldcrest, provide after-sales services, which can include property management, rental assistance, help with relocation, and ongoing support to ensure a smooth transition and continued satisfaction with the property.
Are there English-speaking real estate agents in Lisbon, Portugal?
Yes, many real estate agents in Lisbon are English-speaking and cater to international clients, making it easier for expats and foreign investors to navigate the property market in Lisbon.
Can real estate agents in Lisbon assist with property investments?
Yes, real estate agents in Lisbon can assist with property investments by providing market analysis, real estate investment consulting, identifying profitable opportunities, and offering advice on property management and rental yields. Experienced agents help investors optimize their investment strategies.
Do real estate agents in Lisbon help with property management?
Yes, many real estate agents in Lisbon offer property management services, which include tenant screening, rent collection, property maintenance, and handling legal issues. These services are particularly beneficial for absentee owners or investors who want to ensure their properties are well-maintained.
How to find luxury real estate agents in Lisbon, Portugal?
Work with real estate professionals who have proven experience with luxury markets and offer personalized services. Goldcrest provides tailored services based on the buyer’s needs and guides them through the entire buying process, from sourcing through to property acquisition and beyond. They will be the ideal partner for finding a luxury home in Lisbon.
How can estate agents in Lisbon assist with relocation services?
Some real estate professionals go above and beyond just the initial property search and acquisition. Goldcrest, for example, helps with relocation through our residency partner, Global Citizen Solutions, and provides ongoing support to ensure a smooth transition to life in Lisbon.
How long does it take to buy property in Lisbon, Portugal?
The process of buying property in Lisbon typically takes a few weeks to a few months (usually 1-4 months). This includes property search, making an offer, signing the promissory contract, securing financing, and completing the final deed. However, timelines can vary depending on the complexity of the transaction.
What is an estate agent’s commission in Portugal?
In Portugal, estate agent commissions are typically three to six percent of the sale price of a property, but this will vary from one agency to the next, with some charging up to 10 percent. The commission is usually included in the sale price and paid for by the buyer.