Authored by the expert who managed and guided the team behind the Portugal Property Pack
Yes, the analysis of Lisbon's property market is included in our pack
Are you wondering how much it really costs to buy an apartment in Lisbon in 2026?
We constantly update this blog post so you always get the freshest data available on Lisbon apartment prices, closing costs, and neighborhood comparisons.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Lisbon.
Insights
- The gap between asking prices and actual transaction prices in Lisbon can reach 30% or more, meaning a listing at €300,000 might close around €210,000 to €230,000.
- Neighborhood price differences in Lisbon are dramatic: Santa Clara averages around €3,800 per square meter while Santo António reaches €7,500, nearly double within the same city.
- Marvila recorded a 31.7% year-over-year price increase in Lisbon, making it the fastest-appreciating neighborhood in late 2025 and early 2026.
- Foreign non-residents buying in Lisbon typically need 30% to 40% down payment, compared to 10% to 20% for residents with strong credit profiles.
- Lisbon's IMI property tax rate for 2026 is set at 0.3%, the minimum allowed, which the city council confirmed in December 2025.
- Closing costs in Lisbon typically add 7% to 10% on top of the purchase price, with the property transfer tax (IMT) being the largest single expense.
- New-build apartments in Lisbon command a 15% to 30% premium over comparable resale properties, driven by limited supply and high energy-efficiency standards.
- Monthly condominium fees in Lisbon range from €30 for basic buildings to over €300 for full-service properties with amenities like pools or concierge.
How much do apartments really cost in Lisbon in 2026?
What's the average and median apartment price in Lisbon in 2026?
As of January 2026, the average asking price for apartments in Lisbon sits at around €5,995 per square meter (about $6,950 or roughly the same in USD given current exchange rates), but actual transaction prices typically land between €3,600 and €4,400 per square meter (about $4,200 to $5,100).
This means the median price per square meter that buyers actually pay in Lisbon is closer to €4,000 ($4,640), which is a useful benchmark because asking prices tend to skew higher due to renovated and premium listings dominating the portals.
For a standard apartment in Lisbon, you can expect typical prices to range from €150,000 to €600,000 ($174,000 to $696,000), though this varies widely by size, condition, and neighborhood.
How much is a studio apartment in Lisbon in 2026?
As of January 2026, a typical studio apartment in Lisbon costs around €140,000 ($162,000) based on actual transaction prices, though asking prices on portals often show closer to €210,000 ($244,000).
For entry-level to mid-range studio apartments in Lisbon, expect a realistic price range of €110,000 to €190,000 ($128,000 to $220,000), while high-end or renovated studios in prime neighborhoods like Chiado or Príncipe Real can reach €250,000 to €350,000 ($290,000 to $406,000).
Studio apartments in Lisbon are typically between 30 and 40 square meters, which is fairly standard for this compact property type in European capitals.
How much is a one-bedroom apartment in Lisbon in 2026?
As of January 2026, a typical one-bedroom apartment in Lisbon costs around €220,000 ($255,000) based on what buyers actually pay, while asking prices on listing portals average closer to €330,000 ($383,000).
For entry-level to mid-range one-bedroom apartments in Lisbon, expect prices between €170,000 and €320,000 ($197,000 to $371,000), whereas luxury one-bedrooms in sought-after areas like Avenidas Novas or Santo António can reach €400,000 to €550,000 ($464,000 to $638,000).
One-bedroom apartments in Lisbon typically measure between 45 and 65 square meters, giving you enough space for comfortable city living.
How much is a two-bedroom apartment in Lisbon in 2026?
As of January 2026, a typical two-bedroom apartment in Lisbon costs around €340,000 ($394,000) based on actual sales, though asking prices often reach €510,000 ($592,000) on property portals.
For entry-level to mid-range two-bedroom apartments in Lisbon, budget between €260,000 and €520,000 ($302,000 to $603,000), while high-end two-bedroom units in prime locations like Estrela, Lapa, or Parque das Nações can climb to €650,000 to €900,000 ($754,000 to $1,044,000).
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 January 2026, a typical three-bedroom apartment in Lisbon costs around €480,000 ($557,000) at transaction level, while asking prices often start at €720,000 ($835,000) or higher.
For entry-level to mid-range three-bedroom apartments in Lisbon, expect a range of €360,000 to €850,000 ($418,000 to $986,000), whereas luxury three-bedroom properties in prestigious neighborhoods can reach €1,000,000 to €1,800,000 ($1,160,000 to $2,088,000).
Three-bedroom apartments in Lisbon typically range from 100 to 140 square meters, making them suitable for families or those who need extra space for a home office.
What's the price gap between new and resale apartments in Lisbon in 2026?
As of January 2026, new-build apartments in Lisbon typically sell for 15% to 30% more than comparable resale properties, with the premium being larger in prime central neighborhoods and smaller in peripheral areas.
The average price per square meter for new-build apartments in Lisbon ranges from €6,500 to €8,500 ($7,540 to $9,860), depending on location and developer specifications.
For resale apartments in Lisbon, the average price per square meter is closer to €4,000 to €6,000 ($4,640 to $6,960), though this varies significantly based on the condition of the property and whether it has been recently renovated.
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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 January 2026, the typical all-in budget to buy a standard apartment in Lisbon is roughly 107% to 110% of the purchase price, meaning a €400,000 apartment will require approximately €428,000 to €440,000 ($496,000 to $510,000) in total cash.
Beyond the purchase price, the all-in budget in Lisbon includes the property transfer tax (IMT), stamp duty at 0.8%, notary and registry fees, legal representation, and bank-related costs if you are financing the purchase.
We go deeper and try to understand what costs can be avoided or minimized (and how) in our Lisbon property pack.
You can also read our dedicated blog article to understand what you can at different budget levels in Lisbon.
What down payment is typical to buy in Lisbon in 2026?
As of January 2026, the typical down payment for buying an apartment in Lisbon is between 10% and 20% for Portuguese residents with solid credit, which translates to €40,000 to €80,000 ($46,000 to $93,000) on a €400,000 property.
Most Portuguese banks require a minimum down payment of 10% for owner-occupied purchases by residents, though foreign non-residents often face stricter requirements and typically need 30% to 40% equity.
To secure more favorable mortgage terms in Lisbon, including better interest rates and lower monthly payments, a down payment of 20% or more is recommended, especially for non-residents trying to build trust with Portuguese lenders.
You can also read our latest update about mortgage and interest rates in Portugal.
We made this infographic to show you how property prices in Portugal compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
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 January 2026, the price per square meter for apartments in Lisbon ranges from approximately €3,800 ($4,400) in the most affordable neighborhoods to over €7,500 ($8,700) in the most expensive areas, representing nearly a 2x spread within the same city.
In the most affordable neighborhoods of Lisbon, such as Santa Clara (around €3,817 per square meter), Carnide, Olivais, and Ajuda, buyers can find apartments priced between €3,500 and €4,500 per square meter ($4,060 to $5,220).
In the most expensive neighborhoods of Lisbon, such as Santo António (around €7,485 per square meter), Avenidas Novas (around €7,042 per square meter), and Misericórdia, prices typically range from €6,500 to €8,000 per square meter ($7,540 to $9,280).
By the way, we've written a blog article detailing what are the current best areas to invest in property in Lisbon.
What neighborhoods are best for first-time buyers on a budget in Lisbon in 2026?
As of January 2026, the top three neighborhoods best suited for first-time buyers on a budget in Lisbon are Santa Clara, Carnide, and Olivais, where prices remain more accessible compared to the city average.
In these budget-friendly Lisbon neighborhoods, typical apartment prices range from €130,000 to €280,000 ($151,000 to $325,000) for one to two-bedroom units, depending on size and condition.
These neighborhoods offer good public transport connections (metro and bus lines), local shops, green spaces, and a more residential feel, making them appealing for first-time buyers seeking value without leaving the city.
The main trade-off of buying in these budget-friendly Lisbon neighborhoods is the distance from the historic center and the fact that amenities like restaurants, nightlife, and cultural attractions are less abundant compared to central parishes.
Which neighborhoods have the fastest-rising apartment prices in Lisbon in 2026?
As of January 2026, the top three neighborhoods with the fastest-rising apartment prices in Lisbon are Marvila, Parque das Nações, and Benfica, all showing double-digit annual price growth.
Marvila recorded a remarkable 31.7% year-over-year price increase, Parque das Nações rose by 16.8%, and Benfica by 16.7%, making these the most rapidly appreciating areas in the Lisbon market.
The main drivers behind this rapid price growth include urban regeneration projects in Marvila, the modern infrastructure and waterfront appeal of Parque das Nações, and the family-friendly character combined with improving transport links in Benfica.
You can also read our latest update about property price forecasts in Lisbon.
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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?
The estimated total buyer closing cost for a typical €400,000 apartment purchase in Lisbon is between €24,000 and €40,000 ($28,000 to $46,000), depending on whether you are buying as an owner-occupier or investor and whether you need financing.
The main categories of closing costs that buyers must pay in Lisbon include the property transfer tax (IMT), stamp duty on the purchase (0.8%), notary and land registry fees, legal fees, and bank-related costs if obtaining a mortgage.
The largest closing cost for apartment buyers in Lisbon is typically the IMT (Imposto Municipal sobre Transmissões Onerosas de Imóveis), which can represent 4% to 6% or more of the purchase price depending on the property value and intended use.
Some closing costs in Lisbon are negotiable or can vary between transactions, particularly legal fees and the choice between using the one-stop Casa Pronta service or arranging notary and registry separately, which can affect convenience and total cost.
On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Lisbon?
The estimated typical percentage of the purchase price that buyers should budget for closing costs in Lisbon is around 7% to 10%, with cash buyers at the lower end and financed purchases at the higher end.
The realistic low-to-high percentage range that covers most standard apartment transactions in Lisbon is 6% to 10%, with variations depending on purchase price, buyer status (resident versus non-resident), and whether the property is for owner-occupation or investment.
We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Lisbon.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Portugal versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
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 (the Portuguese equivalent of HOA fees) are common in Lisbon apartment buildings, and the estimated typical monthly fee ranges from €50 to €100 ($58 to $116) for standard buildings with basic maintenance and an elevator.
The realistic range of condominium fees in Lisbon goes from €30 to €80 per month ($35 to $93) for older buildings without many amenities, up to €150 to €300 or more ($174 to $348) per month for modern buildings with a concierge, gym, pool, or other premium services.
What utilities should I budget monthly in Lisbon right now?
The estimated total monthly utility cost for a typical one to two-bedroom apartment in Lisbon is between €115 and €230 ($133 to $267), covering electricity, water, gas if applicable, and internet.
The realistic range of monthly utility costs in Lisbon depends on apartment size and usage: a small studio might spend €80 to €130 ($93 to $151), while a larger three-bedroom apartment could reach €200 to €300 ($232 to $348) per month.
The specific utilities included in the typical monthly budget in Lisbon are electricity (€50 to €120), water (€15 to €35), gas if used (€20 to €60), and internet/fiber (€30 to €50).
Electricity tends to be the most expensive utility for apartment owners in Lisbon, especially during winter months if you rely on electric heating, as Portugal's electricity prices are among the higher ones in Europe.
How much is property tax on apartments in Lisbon?
The estimated typical annual property tax (IMI) for an apartment in Lisbon is between €300 and €800 ($348 to $928), depending on the taxable value (VPT) of the property.
In Lisbon, the property tax is calculated by applying the municipal IMI rate of 0.3% (the minimum allowed under Portuguese law) to the VPT, which is often significantly lower than the market value, especially for older properties.
The realistic range of annual IMI in Lisbon goes from around €200 ($232) for a smaller or older apartment with a low VPT, up to €1,500 ($1,740) or more for larger or recently reassessed properties.
If you want to go into more details, we also have a blog article detailing all the property taxes and fees in Lisbon.
What's the yearly building maintenance cost in Lisbon?
The estimated typical yearly building maintenance cost for apartment owners in Lisbon is between €1,000 and €2,500 ($1,160 to $2,900), covering regular condominium fees plus a reserve for occasional repairs or upgrades.
The realistic range of yearly maintenance costs in Lisbon varies from €600 to €1,200 ($696 to $1,392) for newer buildings with minimal issues, up to €3,000 to €5,000 ($3,480 to $5,800) or more for older buildings undergoing major works like façade restoration or elevator replacement.
Expenses typically included in building maintenance costs in Lisbon cover cleaning of common areas, elevator servicing, lighting, minor repairs, insurance for common parts, and contributions to a reserve fund for future capital works.
In Lisbon, building maintenance costs are largely included in the monthly condominium fees, but special assessments for major repairs are charged separately when voted on by the building's owners' assembly.
How much does home insurance cost in Lisbon?
The estimated typical annual home insurance cost for an apartment in Lisbon is between €120 and €300 ($139 to $348), covering standard multi-risk policies that protect against fire, water damage, theft, and liability.
The realistic range of annual home insurance costs in Lisbon goes from €100 to €200 ($116 to $232) for basic coverage on smaller apartments, up to €400 to €600 ($464 to $696) for higher insured values, extended coverage, or premium locations.
Home insurance is not legally mandatory for apartment owners in Lisbon, but it is highly recommended and typically required by banks if you have a mortgage, so most buyers end up purchasing a policy.
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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 it's authoritative | How we used it |
|---|---|---|
| Idealista Portugal | Portugal's largest property portal with transparent, consistent price tracking | We used it to anchor current asking prices per square meter across Lisbon by neighborhood. We also extracted year-over-year percentage changes to identify fast-rising areas. |
| Rádio Renascença (citing INE) | Major national outlet reporting official statistics from INE | We used it to anchor official transaction-based median prices at regional level. We then compared these with asking prices to estimate the real transaction gap. |
| Banco de Portugal (BPstat) | The Portuguese central bank's official housing price statistics portal | We used it to ground the discussion in transaction price data. We also used it to support the new versus existing price narrative and cross-check portal data. |
| Banco de Portugal (Macroprudential) | Central bank's official monitoring of mortgage underwriting standards | We used it to explain how Portuguese mortgage lending is constrained by DSTI limits. We applied these constraints to estimate realistic down payment expectations. |
| Portal das Finanças (IMT) | Official Portuguese tax authority page for IMT rates and calculation rules | We used it to calculate IMT for worked examples showing owner-occupied versus non-owner-occupied scenarios. We produced concrete euro estimates using the split-base method. |
| Portal das Finanças (Stamp Duty) | Official stamp duty schedule published by the Portuguese tax authority | We used it to confirm the 0.8% stamp duty rate on property purchases. We incorporated this into the total closing cost stack for buyers. |
| ECO (Lisbon IMI decision) | Major Portuguese business outlet reporting the municipal council's decision | We used it to confirm Lisbon's 0.3% IMI rate for 2026. We then translated this into yearly euro budgets using typical taxable values. |
| Casa Pronta | Official government one-stop service for property purchase formalities | We used it to describe how closings are executed in Portugal. We referenced it when estimating registry and notary fee ranges. |
| IRN (Institute of Registries and Notary) | Official government fee reference for registry and notary services | We used it to justify realistic fee ranges for registration and notarization. We applied these estimates to the closing cost calculations. |
| ERSE (Electricity) | National energy regulator publishing Eurostat-based consumer price comparisons | We used it to anchor realistic electricity costs per kWh for Lisbon households. We converted this into monthly budget estimates for typical apartments. |
| ERSE (Natural Gas) | National energy regulator with methodology-based gas price reporting | We used it to anchor natural gas price levels for households. We explained why budgets differ depending on electric versus gas appliances. |
| EPAL | Lisbon's main water supplier with official 2026 tariff updates | We used it to ground Lisbon's water tariff reality for 2026. We translated tariffs into monthly water budget estimates for typical usage. |
| ANACOM | Portugal's telecom regulator publishing market statistics | We used it to confirm that fiber internet is widely available in Lisbon. We budgeted standard fiber packages as a baseline utility assumption. |
| Executive Digest (citing INE) | Business outlet reproducing INE-reported mortgage rate figures | We used it to pin a realistic early 2026 interest rate environment for home loans. We applied this to stress-test affordability scenarios. |
| Savills Portugal | Global real estate consultancy with published research methodology | We used it to cross-check market direction and the new development pipeline narrative. We supported the new versus resale discussion qualitatively. |
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Portugal. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.