Real Estate in Lisbon, Portugal

Real Estate in Lisbon

Last updated on Sep 05, 2023

Summary: The average cost of a nice 2 bedroom home in Lisbon, Portugal is around €400,000 (approximately $470,000 USD). A nice 3 bedroom home in Lisbon is around €500,000 (approximately $590,000 USD). These properties typically include modern amenities such as air conditioning, central heating, and a fully equipped kitchen. Foreigners are allowed to purchase property in Lisbon, however, they must obtain a Portuguese tax number and register with the Portuguese tax authorities. When searching for a home to buy in Lisbon, an expat should consider their budget, desired location, and the type of property they are looking for. It is also important to research the local market and consult with a real estate agent who is familiar with the area. The most desirable neighborhoods in Lisbon include Alfama, Bairro Alto, Estrela, and Lapa. These areas are known for their vibrant culture, stunning architecture, and close proximity to the city center.

How do I find a place to live in Lisbon?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Lisbon is to use online rental websites such as Idealista, Imovirtual, and Booling. These websites allow you to search for rental properties in Lisbon by location, price, and other criteria. Additionally, you can contact local real estate agents who specialize in rental properties in Lisbon. They can provide you with more information about the rental market in Lisbon and help you find a place that meets your needs. Finally, you can also search for rental properties on social media platforms such as Facebook and Instagram, as many landlords post their rental properties on these platforms," explained one expat living in Lisbon, Portugal.

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About the Author

Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.