How much will you pay for an apartment in Lisbon today? (2026)

As of June 2026, buying an apartment in Lisbon means thinking in two numbers: about €5,500 per m² for a realistic paid price, and about €6,100 per m² for current asking prices, with central renovated apartments often costing much more.

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INVESTROPA

A team specialized in real estate investing in European countries

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Lisbon. If you’d like to learn more about us, you can check our presentation page.

How much do apartments really cost in Lisbon in 2026?

What's the average and median apartment price in Lisbon in 2026?

As of June 2026, the estimated median apartment price in Lisbon is about €480,000, about $555,000, or €480,000 in local currency, while the estimated average apartment price in Lisbon is about €620,000, about $717,000, or €620,000 in local currency.

This means the typical paid price for apartments in Lisbon in 2026 is around €5,500 per m², about $6,360 per m², or €510 per sq ft, while the current asking-price level is closer to €6,100 per m², about $7,050 per m², or €570 per sq ft.

For most standard apartments in Lisbon in 2026, a practical buyer should expect a normal range of about €300,000 to €900,000, about $347,000 to $1.04 million, or €300,000 to €900,000 in local currency, depending mainly on size, parish, building condition and lift or parking.

How much is a studio apartment in Lisbon in 2026?

As of June 2026, a typical studio apartment in Lisbon costs about €275,000, about $318,000, or €275,000 in local currency.

For a studio apartment in Lisbon in 2026, entry-level to mid-range units usually sit around €200,000 to €310,000, about $231,000 to $358,000, while renovated or luxury studios in prime Lisbon areas often reach €330,000 to €420,000, about $381,000 to $485,000.

Most studio apartments in Lisbon are around 38 to 50 m², so a small change in price per m² quickly changes the final budget.

How much is a one-bedroom apartment in Lisbon in 2026?

As of June 2026, a typical one-bedroom apartment in Lisbon costs about €390,000, about $451,000, or €390,000 in local currency.

For a one-bedroom apartment in Lisbon in 2026, entry-level to mid-range units usually cost €300,000 to €450,000, about $347,000 to $520,000, while high-end one-bedroom apartments in Avenidas Novas, Santo António, Misericórdia, Estrela or Campo de Ourique often cost €450,000 to €600,000, about $520,000 to $694,000.

Most one-bedroom apartments in Lisbon are around 55 to 70 m², which makes layout and usable space more important than the headline size.

How much is a two-bedroom apartment in Lisbon in 2026?

As of June 2026, a typical two-bedroom apartment in Lisbon costs about €575,000, about $665,000, or €575,000 in local currency.

For a two-bedroom apartment in Lisbon in 2026, entry-level to mid-range units usually cost €500,000 to €680,000, about $578,000 to $786,000, while good central or modern two-bedroom apartments in Alvalade, Avenidas Novas, Campo de Ourique, Estrela or Parque das Nações often cost €650,000 to €900,000, about $751,000 to $1.04 million.

By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Lisbon.

How much is a three-bedroom apartment in Lisbon in 2026?

As of June 2026, a typical three-bedroom apartment in Lisbon costs about €820,000, about $948,000, or €820,000 in local currency.

For a three-bedroom apartment in Lisbon in 2026, entry-level to mid-range units usually cost €700,000 to €950,000, about $809,000 to $1.10 million, while high-end three-bedroom apartments in Estrela, Avenidas Novas, Parque das Nações, Belém, Campo de Ourique or Santo António often cost €900,000 to €1.4 million, about $1.04 million to $1.62 million.

Most three-bedroom apartments in Lisbon are around 115 to 140 m², and buyers usually pay a clear premium for a lift, parking, light and a clean condominium record.

What's the price gap between new and resale apartments in Lisbon in 2026?

As of June 2026, new-build apartments in Lisbon are typically about 25% to 35% more expensive than comparable resale apartments.

For new-build apartments in Lisbon in 2026, a realistic average is around €7,000 to €9,000 per m², about $8,090 to $10,400 per m², or about €650 to €840 per sq ft.

For resale apartments in Lisbon in 2026, a realistic average is around €5,500 to €6,500 per m², about $6,360 to $7,510 per m², or about €510 to €605 per sq ft, although a fully renovated resale flat in a prime parish can behave like new stock.

Can I afford to buy in Lisbon in 2026?

What's the typical total budget (all-in) to buy an apartment in Lisbon in 2026?

As of June 2026, a typical all-in budget for a standard apartment in Lisbon is about €620,000 to €635,000, about $717,000 to $734,000, or €620,000 to €635,000 in local currency, if the buyer is purchasing a normal two-bedroom apartment.

This all-in Lisbon apartment budget usually includes the purchase price, IMT transfer tax, purchase stamp duty, legal work, notary and registration, possible bank fees, mortgage stamp duty and small translation or power-of-attorney costs.

We go deeper and try to understand what costs can be avoided or minimized (and how) in our Lisbon property pack.

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What down payment is typical to buy in Lisbon in 2026?

As of June 2026, a foreign non-resident buying a typical €575,000 apartment in Lisbon should expect a down payment of about 30% to 40%, which means €172,500 to €230,000, about $199,000 to $266,000, or €172,500 to €230,000 in local currency, before purchase costs.

Most Portuguese banks can be more comfortable around 20% for strong resident buyers, but many non-resident foreign buyers in Lisbon are offered 60% to 70% loan-to-value, which means 30% to 40% cash deposit.

For better mortgage terms in Lisbon in 2026, a foreign buyer should usually plan for at least 35% down plus closing costs, because the bank also checks income, age, currency risk and debt burden.

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Which neighborhoods are cheapest or priciest in Lisbon in 2026?

How much does the price per m² for apartments vary by neighborhood in Lisbon in 2026?

As of June 2026, apartment asking prices in Lisbon range from about €4,060 per m² in Santa Clara to about €8,100 per m² in Santo António, which is about $4,690 to $9,360 per m², or about €377 to €752 per sq ft.

The most affordable Lisbon neighborhoods in 2026 include Santa Clara, Olivais, Beato, Ajuda, Carnide, São Domingos de Benfica, Penha de França and Benfica, where typical asking prices are roughly €4,100 to €5,600 per m², about $4,740 to $6,470 per m².

The most expensive Lisbon neighborhoods in 2026 include Santo António, Avenidas Novas, Misericórdia, Estrela, Belém, Campo de Ourique and Parque das Nações, where typical asking prices are roughly €6,500 to €8,100 per m², about $7,510 to $9,360 per m².

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What neighborhoods are best for first-time buyers on a budget in Lisbon in 2026?

As of June 2026, the three best Lisbon neighborhoods for first-time buyers on a budget are Olivais, Benfica and Penha de França, with Santa Clara, Carnide, Ajuda and Beato also worth checking.

In these budget-friendly Lisbon areas, a standard apartment usually costs about €250,000 to €575,000, about $289,000 to $665,000, or €250,000 to €575,000 in local currency, depending on whether the buyer wants a studio, one-bedroom or two-bedroom apartment.

Olivais offers metro access and lower prices, Benfica offers services and family demand, and Penha de França offers a central-east location that is still cheaper than the prime core.

The trade-off is that budget-friendly Lisbon apartments often sit in older buildings, less prestigious streets or areas where the building condition matters more than the neighborhood name.

Which neighborhoods have the fastest-rising apartment prices in Lisbon in 2026?

As of June 2026, the fastest-rising Lisbon apartment areas in the latest asking-price data are Lumiar, Penha de França and Benfica, with Alcântara also showing strong momentum.

The reported year-over-year asking-price increases were about 23% in Lumiar, 22% in Penha de França, 18% in Benfica and 14% in Alcântara in May 2026.

The main drivers are family demand, better value than prime central Lisbon, limited supply and buyers moving toward metro-linked neighborhoods where apartments still look reachable.

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What extra costs will I pay on top of the apartment price in Lisbon in 2026?

What are all the buyer closing costs when you buy an apartment in Lisbon?

For a typical €575,000 apartment purchase in Lisbon in 2026, buyer closing costs are about €45,000 to €58,000, about $52,000 to $67,000, or €45,000 to €58,000 in local currency.

The main closing costs for a Lisbon apartment buyer are IMT transfer tax, 0.8% purchase stamp duty, notary and land registry fees, legal fees, bank setup costs and mortgage stamp duty when financing is used.

The largest closing cost in Lisbon is usually IMT, because the tax rises with the property price and typical Lisbon apartment budgets are already high.

Some costs can vary, especially lawyer fees, bank fees, valuation costs and translation or power-of-attorney costs, but IMT and stamp duty are set by tax rules and are not normal negotiation items.

On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Lisbon?

For an apartment in Lisbon in 2026, buyers should usually budget about 8.5% of the purchase price for closing costs.

The realistic low-to-high range for most standard Lisbon apartment transactions is about 6% to 10%, with cheaper primary-residence purchases closer to the low end and higher-value or investment purchases closer to the high end.

We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Lisbon.

What are the ongoing monthly and yearly costs of an apartment in Lisbon in 2026?

What are typical HOA fees in Lisbon right now?

Condominium fees are common in Lisbon, and a typical apartment owner should budget about €75 to €140 per month, about $87 to $162, or €75 to €140 in local currency, for a normal building.

In Lisbon in 2026, basic older buildings may charge only €25 to €60 per month, about $29 to $69, while modern buildings with lift, garage, pool, gym or concierge can charge €180 to €350 or more, about $208 to $405 or more.

What utilities should I budget monthly in Lisbon right now?

For a typical Lisbon apartment in 2026, one or two people should budget about €120 to €200 per month for utilities, about $139 to $231, or €120 to €200 in local currency.

The realistic monthly utility range in Lisbon is about €100 to €300, about $116 to $347, with small efficient apartments near the low end and larger air-conditioned apartments near the high end.

This monthly Lisbon utilities budget usually includes electricity, gas if used, water, internet, mobile bundle and small municipal charges that are often linked to the water bill.

Electricity is usually the most expensive and most variable utility for Lisbon apartment owners, especially in summer cooling months or in older apartments with weak insulation.

How much is property tax on apartments in Lisbon?

For a normal apartment in Lisbon in 2026, annual IMI property tax is usually about €350 to €1,050, about $405 to $1,214, or €350 to €1,050 in local currency.

Lisbon’s 2026 IMI rate for urban property is 0.3%, but the rate is applied to the taxable property value, called VPT, not usually to the full market price.

For most Lisbon apartments, a realistic annual IMI range is about €250 to €1,600, about $289 to $1,850, depending on taxable value, location, building age and any tax exemptions or surcharges.

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What's the yearly building maintenance cost in Lisbon?

For apartment owners in Lisbon in 2026, a sensible yearly building-maintenance reserve is about 0.5% to 1.0% of the apartment value, so a €575,000 apartment needs about €2,900 to €5,800 per year, about $3,350 to $6,700.

The realistic yearly maintenance range in Lisbon can be much lower in a well-managed modern building and much higher in an old building that needs roof, façade, lift, plumbing or moisture works.

Building maintenance in Lisbon usually includes common-area repairs, façade works, roof repairs, lift servicing, insurance for common areas, plumbing columns, fire safety items and reserve-fund contributions.

Some maintenance is included in monthly condominium fees, but major works in Lisbon are often charged separately through special condominium calls.

How much does home insurance cost in Lisbon?

For a normal apartment in Lisbon in 2026, annual home insurance usually costs about €180 to €450, about $208 to $520, or €180 to €450 in local currency.

A more realistic range for mortgage-linked or broader apartment insurance in Lisbon is about €350 to €800 per year, about $405 to $925, depending on coverage, contents, water damage, civil liability and earthquake extensions.

Home insurance is not always mandatory if the apartment is owned without a mortgage, but a Portuguese bank will normally require insurance when the buyer finances the Lisbon apartment.

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What sources have we used to write this blog article?

Whether it’s in our blog articles or the market analyses included in our property pack about Lisbon, we always rely on the strongest methodology we can, and we don’t throw out numbers at random.

We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.

Source	Why this source is reliable	How we used it
Statistics Portugal / INE, local house price statistics	INE is Portugal’s official statistics agency for real transaction prices.	We used INE as the main sold-price anchor for Lisbon. We treated portal data as asking-price evidence, not final paid-price data.
Statistics Portugal / INE, House Price Index	This official index tracks national price movement by dwelling type.	We used it to check new versus existing housing pressure. We also used it to avoid relying only on property portals.
INE construction and housing theme page	This is INE’s central housing, permits, construction and mortgage-rate hub.	We used it to check construction-cost and mortgage-rate context. We also used it to understand supply pressure in Portugal.
idealista price report, Lisbon municipality	idealista is Portugal’s largest property portal with current asking-price data.	We used it for May 2026 Lisbon asking prices and parish comparisons. We discounted it when estimating likely completed deals.
idealista price report, Lisbon district	This gives a wider Lisbon benchmark beyond the municipality.	We used it to compare Lisbon city with nearby municipalities. We used nearby areas as affordability reference points.
idealista rental report	This gives transparent current rental asking prices for Lisbon.	We used it only for rent pressure and yield sense-checking. We did not treat asking rents as signed-rent data.
INE local rent statistics	INE rent data is based on new lease contracts.	We used it to sanity-check Lisbon rent assumptions. We gave it more weight than rental listings for achieved rents.
JLL Portugal Residential Market Dynamics Q1 2026	JLL is a major real estate research firm with professional market coverage.	We used it to cross-check supply shortage and price pressure. We treated it as private-sector evidence, not the main source.
Cushman & Wakefield residential development report	This report focuses on residential development in Lisbon and Porto.	We used it to understand new-build supply constraints. We also used it to check the new-build premium story.
CBRE Portugal residential research	CBRE publishes professional research on Portuguese residential markets.	We used it as a market cross-check for price movement. We did not use it instead of official transaction data.
Banco de Portugal macroprudential housing-credit framework	Banco de Portugal sets mortgage-risk guidance for lenders.	We used it for loan-to-value and affordability context. We then adjusted for stricter non-resident lending practice.
Portal das Finanças IMT 2026 tables	This is the official Portuguese tax authority guidance for 2026 IMT.	We used it to estimate acquisition tax. We applied it to typical Lisbon apartment budgets.
Portuguese public services property purchase guide	This official guide explains property purchase formalities in Portugal.	We used it for buyer-process and tax context. We cross-checked stamp duty and buyer obligations against tax sources.
Lisbon Municipal Assembly IMI rate decision	This is the municipal record for Lisbon’s property tax decision.	We used it for the 0.3% Lisbon IMI rate. We then translated VPT-based taxation into practical buyer budgets.
Portal das Finanças IMI rate consultation	This is the official tax portal for municipal IMI rates.	We used it to verify annual property-tax logic. We did not apply the rate directly to market price.
ERSE electricity tariffs and prices	ERSE regulates Portugal’s energy market and tariff framework.	We used it to check the electricity-cost environment. We converted tariff context into simple apartment-level budgets.
ERSE natural gas tariffs and prices	ERSE also regulates natural gas tariffs and market structure.	We used it to check gas-cost assumptions. We included gas only where a Lisbon apartment actually uses it.
EPAL 2026 water tariffs	EPAL is Lisbon’s water supplier and publishes official tariff updates.	We used it to check water-cost assumptions for Lisbon. We kept water as a small but recurring monthly cost.
European Central Bank EUR/USD reference rate	The ECB publishes official euro foreign-exchange reference rates.	We used it to convert euro amounts into simple US dollar estimates. We rounded dollar values to keep the article easy to read.
ASF, Portuguese insurance supervisor	ASF supervises Portugal’s insurance and pension-fund sector.	We used it for insurance-market context. We then estimated normal owner and mortgage-linked apartment insurance costs.

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