Lisbon Property Market and Real Estate Guide

(Lisbon, Portugal)

Lisbon is quickly becoming an extremely popular place to purchase property. Blessed with abundant sunshine and outstanding natural beauty, more and more people are deciding to extend their holidays indefinitely buy purchasing and renting property in Lisbon.

While this means there is an excellent range of property for sale and rent in Lisbon, it also means that property prices tend to be significantly higher than those in other parts of Portugal. Still, there are some excellent deals available for those who are able to shop around and compromise on location.


Some of the most desirable districts of Lisbon to buy and rent property include the northern suburbs of Mafra, Sintra and Cascais, as well as Sesimbra and Setubral, both of which can be found on the coast to the south of the city centre.

Renting Serviced Apartments

While serviced apartments have only recently become popular in Lisbon, there are already a large number available on the property market, especially on the coast, where renters are treated to spectacular ocean views.

Although these serviced Lisbon apartments can be much pricier than standard apartments, they are the first word in style and sophistication, since they come fully furnished and include kitchens and often extras, such as a maid service and shared amenities like swimming pools and picturesque gardens. A deposit is generally required for long stays.

Buying Apartments and Houses

Purchasing property in the Portuguese capital can be a little tricky for foreigners and it is advisable to seek qualified legal advice. Any contracted lawyer will take care of details, such as checking title ownership and making sure that all paperwork is in order.

A notary will also be needed in order to register the purchase of the property with the relevant office and a fee of around five percent is usually charged for this service. In addition to the legal fees and cost of the property, a property transfer tax will also be charged, which should be around five percent of the property cost.

Real Estate Agents

Finding a reliable estate agent in the Lisbon area is essential, as it makes the difference between a smooth and simple property transaction and a deal that can drag on for months with unforeseen complications. It is a good idea to research real estate agents in Lisbon before committing to one, taking the time to check out websites, searching for English speaking agents and reading customer reviews.

Below are some of the recommended real estate agents available in Lisbon:

House Plant
Address: Rua Pedro Alvares Cabral, 41D, Infantado, Loures, 2670-391, Portugal, PT
Tel: +351 021 982 4755
Email: geral.mafra@houseplanet.pt
Website: www.houseplanet.pt/en
House Planet offers clients an excellent range of serviced apartments and homes to buy and rent in Lisbon.

Knight Frank
Address: Campo Pequeno 48, Lisbon, 1000-081, Portugal, PT
Tel: +351 021 799 9960
Website: www.knightfrank.com/portugal
This international real estate agency specialises in offering advice on buying property as an investment, as well as property development.

T-Zero
Address: Rua Ilha da Madeira, 7B Prescoxe, Santa Iria de Azoia, 2690-502, Portugal, PT
Tel: +351 021 953 7190
Email: tzero@tzero.pt
Website: www.tzero.com.pt
This modern company specialises in the sale of studio apartments in the northern Lisbon suburbs.