The new fancy projects are expensive for Portugal property prices, but many foreign buyers don’t think twice about spending 500,000 euros on a brand new Lisbon Apartment.
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Lisbon Property Costs
Alfama, which is the oldest part of Lisbon, has the lowest costs whilst also being on the tram line and in what we call the center, a small apartment can be 200,000 Euro but as these are red hot for investors, you need to have your money ready.
We suggest an average budget of 350,000-500,000 Euros. Our expert estate agents can help with your search and take you around a range of homes for sale within your maximum price range, so take your time and be prepared to view 5-6 properties in a half-day tour.
The capital growth potential in Lisbon is still huge, and over the coming decades, 50-100% is still achievable based on other EU capitals. If you’re looking for a buy-to-let property in Portugal, then yields are also high as this is a top city break destination, we have properties doing 8-10% yields in rent on Airbnb easily.
Residential and Business Properties
If you have a decent budget, you can make a life-changing investment in Portugal not just for the income but the amazing lifestyle it offers. Many of our clients from Asia, Africa, and America fall in love with Lisbon within 3 days and often want to move here full-time and set up a business.
Lisbon is a capital city but time moves slower here, the businessmen don’t rush around like in London they walk around sipping coffee and having big seafood lunches on the pavement, and 99% of people are happy just enjoying the sun and security Lisbon offers.
The city has some streets painted in graffiti, which can look a bit scary at first, but Lisbon is very safe, and violent crime is one of the lowest in Europe.
The Bairro Alto and docks at night completely change as thousands of people pack the streets to eat and drink outside. This gives a great buzz and party atmosphere most nights of the week.
If you prefer upmarket restaurants, then just head to Chiado or the Avenida, and you will enjoy 5-star dining usually whilst sitting outside.