This area is between Rossio and the river. It has straight streets and old buildings. The Arco da Rua Augusta shows the beautiful Praça do Comércio and the river. Tourists like this part of Lisbon. Many buildings have been fixed for tourists and residents. They keep some old features from the past. There are many shops, restaurants, and cafes in Baixa de Lisboa, making it a nice place to visit.
Most homes have one bedroom, high ceilings, and balconies with river views.
Property Price per sqm: €6,200 – €8,700
Principe Real
Príncipe Real is charming and elegant. This area has a royal history, with many palaces and buildings belonging to the Portuguese nobility. The famous Príncipe Real Garden is a green space for leisure.
It has exclusive shops with unique designs from national and international brands. The homes have sophisticated architecture, mostly two bedrooms, and many have balconies and terraces with river views.
Property Price per sqm: €8,000 – €11,000
Campo de Ourique
This area is for families who want to live in the city but love calmness, green spaces and shops. It is easy to get around this flat area with gardens, restaurants and cafes.
It is in the Prime zone of Lisbon. It has mostly two-bedroom flats with garages, balconies and terraces.
Property Price per sqm: €3,000 – €9,000
Estrella
This area is very charming, with palaces and river views. Many families have lived here for generations. The famous Jardim da Estrela is a central place for residents, tourists and students to enjoy. There are also many schools, services and shops for convenience.
The new homes have mostly two bedrooms with balconies and terraces. Most units have parking spaces, and some buildings have outdoor areas and pools.
Property Price per sqm: €6,700 – €7,200
Avenidas Novas
This area is the core of the city, where residential and office buildings coexist with trendy eateries, shops, and parks along avenues and main streets. It is a distinguished area where historic buildings with awards and modern buildings with renovated features blend and where cycling paths offer faster and greener transportation. It reflects the vitality, diversity and global appeal that Lisbon has gained in recent years.
Those who live and work in this central area of the city, where everything is within walking distance, benefit from its flat layout, which extends along parallel streets and creates a neighbourhood feel.
Most of the homes on Avenidas Novas were renovated, and they all have private parking, terraces, and balconies. Some projects also have pools, gyms and outdoor common areas. Two-bedroom units also are more common.
Property Price per sqm: €4,000 – €9,000
Bairro De Alvalade
Bairro De Alvalade is a small neighbourhood with a varied retail offer that attracts new residents. Its main street is Av. da Igreja, where traditional and modern restaurants coexist. It is a neighbourhood for families who appreciate living in the centre of Lisbon but in a quiet area with green spaces.
The most common typologies are mainly three bedrooms, with parking spaces, terraces and balconies.
Property Price per sqm: €4,000 – €9,000
ALCÂNTARA
This area of the city has transformed itself over time. It used to be neglected and known for its old industrial buildings and poor connections to the city centre. But in recent years, it has revived with the help of innovative companies that renovated old structures into modern spaces. Alcântara is now home to the famous LX Factory. It offers a stunning view of the river and a lively, creative and young vibe. You can find restaurants, bars, parks and cultural venues, as well as quality housing options, mostly one-bedroom flats with nice outdoor areas, balconies, terraces and parking.
Property Price per sqm: €7,000 – €7,500
BELÉM & AJUDA
Belém is a popular tourist destination, famous for its historical monuments that date back to the Age of Discovery, such as the Tower of Belém and the Jerónimos Monastery. It is also home to the Centro Cultural de Belém and the new MAAT museum, which showcases architecture and technology.
It offers spacious residences, mostly T4+ units, with parking spaces and amenities like pools, gardens and gyms. These are part of high-quality and prestigious new construction and renovation projects.
Property Price per sqm: €4,000 – €8,500
Lisbon: Evolution of House Prices
MARVILA & BEATO
This area of the city used to be industrial, with many warehouses and empty spaces. But in recent years, it has changed a lot. Famous chefs and restaurant owners have opened new and creative restaurants here. This has made Marvila a cool place to visit. This area is also good for business. It has a lot of space for offices.
One example is the Beato Creative Hub Project. It is a place for creative and tech companies. It is being built in an old factory area by the river. It has just opened in 2022 and has already become very popular, even before its opening. One of the big companies there is Mercedes-Benz.io. It is the biggest digital centre of Mercedes in the world. For housing, there are mostly two-bedroom flats. They are big and have garages and terraces. Some also have shared outdoor spaces.
Property Price per sqm: €3,000 – €7,500
Under the Historical Hillside
ALFAMA
Alfama is one of the most charming and historic neighbourhoods of Lisbon. It attracts thousands of tourists yearly who explore its narrow streets and steep stairs. Alfama has a Portuguese and historical soul, and it is one of the oldest areas of Lisbon, rich in history and tradition. The sound of Fado, a UNESCO Intangible Heritage, fills the air in Alfama in its various Fado houses and fine dining restaurants.
Most of the housing options in Alfama are for those looking for smaller units, with many one-bedroom flats. Most of the new housing units have balconies with views of the Tagus River and Lisbon.
Property Price per sqm: €4,500 – €7,500
Graca
Graça is one of the historic neighbourhoods of Lisbon, but it also has a new, young, and artistic vibe that blends well with the old elements. The neighbourhood embraces urban art, and it is the place where famous national and international artists like Shepard Fairey or Vhils can see many artistic expressions and murals.
Its housing options are mostly T2 flats with spacious areas, balconies and parking spaces.
Property Price per sqm: €4,700 – €7,500
PARQUE DAS NAÇÕES
This area is located in the eastern part of Lisbon and was created from a necessary urbanistic process. Parque das Nações is also known as the Expo Zone because its location allowed Portugal to host the 1998 World Expo. This subsequently led to the creation of various infrastructures and facilities that transformed Parque das Nações into a target area for quality and prestigious residential projects aimed at the upper and upper middle class.
Many well-known multinational corporations, most of which are involved in the TMT industry, have chosen Parque das Naçes as their location of choice because of the area’s many favourable conditions for starting a business. It is regarded as Lisbon’s most contemporary district.
Parque das Naçes has produced a new centrality with its buildings that rise with contemporary façades overlooking the river. A full transportation network is available, and Lisbon Airport is only 10 minutes away. Parque das Naçes is a highly competitive location in the Lisbon market thanks to its excellent accessibility to both the city centre and the rest of the country. Additionally, it has both public and private schools, which draw families who value the high standard of living that allows them to stroll along the river on foot or by bicycle.
In contrast to the history and tradition of the neighbourhoods in the city’s centre, its residential park has a more contemporary feel.
Property Price per sqm: €4,300 – €9,500
Outer Lisbon
Under the Uptown Ring
This area covers the newest parts of Lisbon, surrounding the main road that leads to the city, the Segunda Circular. It consists of the residential areas of Benfica, Carnide, São Domingos de Benfica and Olivais, where people from the middle and upper-middle classes live, as well as Telheiras and Alta de Lisboa (Lumiar), which are the latest developments, built according to urban plans from the 1970s and 1980s respectively. This zone is characterised by modern and tall buildings, green spaces and various services and shops. It has easy access to the main roads and a network of transport options to the city centre and beyond.
AVENIDA GOMES PEREIRA
Avenida Gomes Pereira is the main street in Benfica, where there used to be industry and street trading. Residential projects have replaced industrial spaces. It is named after José Gomes Pereira, a Portuguese physician and politician born in Benfica in 1879.
It has several schools, churches and sports facilities along its length.
LARANJEIRAS & LUZ STREETS
The road that connects S. Domingos de Benfica and Carnide. It has older buildings on the Carnide side and newer medium-high buildings in S. Domingos de Benfica. Both have shops, leisure and services.
It is also known as Estrada da Luz, which means Road of Light in Portuguese. It passes by the Colombo Shopping Centre, one of the largest malls in Europe.
TELHEIRAS
Rua Professor João Barreira is known as the “doctors’ neighbourhood” because it attracted many graduates when it was created. This street has many cafés and nightlife spots. It is named after João Barreira, a Portuguese professor of medicine who died in 1974.
It is part of Telheiras, a neighbourhood that was planned in the 1970s as a model of urbanism.
AVENIDA DE BERLIM
The artery that splits the neighbourhood of Olivais into north and south links the Lisbon Airport and the Gare do Oriente / Parque das Nações. It is named after Berlin, the capital of Germany, as part of a series of streets named after European cities in Olivais. It crosses the Moscavide Bridge, offering a panoramic view of the Tagus River.
Property Price per sqm: €3,500 – €7,500