Get all the data you need about the real estate market in Lisbon
This blog post is updated regularly so the apartment price data you see here always reflects the latest available figures for Lisbon.
Whether you are just starting your research or already shortlisting neighborhoods, this guide gives you a clear picture of what apartments actually cost across Lisbon in 2026.
Every figure has been cross-checked against authoritative sources so you can read with confidence.
And if you're planning to buy a property in this place, you may want to download our real estate pack about Lisbon.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive Lisbon neighborhood for apartments | Avenida da Liberdade / Marquês (Santo António) at around 7,700 EUR/m² |
| Most affordable Lisbon neighborhood for apartments | Alvalade at around 5,900 EUR/m² |
| Average price per square meter across all Lisbon neighborhoods | Around 6,580 EUR/m² |
| Median apartment price across Lisbon | Around 527,000 EUR |
| Lowest realistic starting budget to buy an apartment in Lisbon | Around 184,000 EUR |
| Most expensive Lisbon apartment type | Two-bedroom apartments |
| Most affordable Lisbon apartment type | Studio apartments |
| Average price for a studio apartment in Lisbon | Around 305,000 EUR |
| Average price for a one-bedroom apartment in Lisbon | Around 441,000 EUR |
| Average price for a two-bedroom apartment in Lisbon | Around 644,000 EUR |
| Price gap between the most and least expensive Lisbon neighborhood | Around 1,860 EUR/m², or about 32% |
| How spread out are Lisbon apartment prices across neighborhoods? | Relatively compressed: even the most affordable top neighborhoods cost close to 6,000 EUR/m² |
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2026 Lisbon neighborhoods ranked by apartment purchase price
This table ranks the top neighborhoods in the Lisbon apartment market by purchase price, from the most expensive to the most affordable.
For each neighborhood, the table includes the average price per square meter, the median property price, the starting budget, the average price for a studio apartment, a one-bedroom apartment, and a two-bedroom apartment, the typical buyer profile, the key advantages, the key drawbacks, and the market segment.
Finally, please note you'll find much more detailed data in our real estate pack about Lisbon.
| Rank | Neighborhood | Average Price per Square Meter | Median Property Price | Starting Budget | Average Price for a Studio Apartment | Average Price for a One-Bedroom Apartment | Average Price for a Two-Bedroom Apartment | Typical Buyers | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Avenida da Liberdade / Marquês (Santo António) | 7,700 EUR/m² | 618,000 EUR | 243,000 EUR | 347,000 EUR | 502,000 EUR | 733,000 EUR | Prime central buyers seeking Lisbon's most prestigious address | Lisbon's strongest luxury address, walkable to offices, hotels, retail, and prestige services | Heavy traffic, strong tourism pressure, and very little genuinely affordable apartment stock | Luxury |
| 2 | Avenidas Novas | 7,200 EUR/m² | 573,000 EUR | 226,000 EUR | 322,000 EUR | 465,000 EUR | 680,000 EUR | Upper-middle professionals and families valuing central convenience in Lisbon | Large apartment stock, strong schools, offices, metro links, and reliable year-round residential demand | Expensive for first-time buyers and many better units already price in the convenience premium | Premium |
| 3 | Lapa / Estrela | 6,900 EUR/m² | 553,000 EUR | 218,000 EUR | 311,000 EUR | 450,000 EUR | 657,000 EUR | Wealthy owner-occupiers seeking a prestigious and calm Lisbon residential setting | Elegant residential feel, embassy presence, river proximity, and strong long-term prestige | Limited supply, older buildings, and parking can be frustratingly difficult | Luxury |
| 4 | Belém / Restelo edge | 6,900 EUR/m² | 553,000 EUR | 218,000 EUR | 311,000 EUR | 449,000 EUR | 657,000 EUR | Affluent families drawn by the riverfront lifestyle in west Lisbon | Riverfront lifestyle, monument area appeal, larger homes, and strong status for west Lisbon buyers | Less central for daily city routines and prime stock is scarce | Premium |
| 5 | Príncipe Real / Bica / Cais do Sodré edge (Misericórdia) | 6,800 EUR/m² | 543,000 EUR | 214,000 EUR | 305,000 EUR | 441,000 EUR | 644,000 EUR | Lifestyle-driven urban buyers who want charm, dining, and walkability in central Lisbon | One of Lisbon's most desired walkable zones with great dining, strong character, and excellent centrality | Noise and nightlife spillover, plus strong tourist pressure reduce residential calm | Premium |
| 6 | Amoreiras / Campolide | 6,800 EUR/m² | 542,000 EUR | 214,000 EUR | 305,000 EUR | 441,000 EUR | 644,000 EUR | Central upgraders looking for a residential Lisbon feel with good road access | Central but more residential than the historic core, with strong road access and newer building stock | Some pockets feel less charming and traffic intensity can be a daily frustration | Premium |
| 7 | Parque das Nações | 6,700 EUR/m² | 534,000 EUR | 210,000 EUR | 300,000 EUR | 434,000 EUR | 634,000 EUR | Modern apartment buyers and families who want newer Lisbon buildings with parking and waterfront access | Lisbon's cleanest modern apartment district with parking, waterfront promenades, and newer building stock | Feels less historic than central Lisbon and premium new-build pricing leaves little room for bargains | Premium |
| 8 | Campo de Ourique | 6,600 EUR/m² | 528,000 EUR | 208,000 EUR | 297,000 EUR | 429,000 EUR | 627,000 EUR | Established local families and owner-occupiers seeking a lived-in Lisbon neighborhood | Very strong family appeal, active local commerce, and a genuine neighborhood feel that is rare in central Lisbon | Small supply and strong owner-occupier demand keep apartment prices stubbornly high | Premium |
| 9 | Chiado / Baixa / Alfama core (Santa Maria Maior) | 6,400 EUR/m² | 514,000 EUR | 203,000 EUR | 289,000 EUR | 418,000 EUR | 611,000 EUR | Heritage-location buyers and investors drawn by Lisbon's iconic historic core | Lisbon's most iconic historic setting with unmatched charm, culture, and tourism-linked resale appeal | Old-building complexity, steep streets, heavy tourism, and renovation risk are common challenges | Premium |
| 10 | Alcântara / Docas / LX Factory side | 6,200 EUR/m² | 499,000 EUR | 197,000 EUR | 281,000 EUR | 406,000 EUR | 593,000 EUR | Trend-led younger buyers looking for regeneration upside and river access in Lisbon | Strong regeneration story, river access, and a good mix of lifestyle appeal and commuting convenience | Rail and road infrastructure can create noise, and micro-location quality varies more than in other neighborhoods | Mid-Market |
| 11 | Graça / São Vicente | 5,900 EUR/m² | 470,000 EUR | 185,000 EUR | 264,000 EUR | 382,000 EUR | 558,000 EUR | Character-seeking buyers who want classic Lisbon at a lower price than the top historic zones | Strong views, genuine Lisbon character, and better value compared to the very top historic neighborhoods | Hilly terrain, older building stock, and tourist spillover still create friction for everyday living | Mid-Market |
| 12 | Alvalade | 5,900 EUR/m² | 469,000 EUR | 184,000 EUR | 264,000 EUR | 381,000 EUR | 556,000 EUR | Stable local families and owner-occupiers looking for dependable, non-tourism-driven demand in Lisbon | Mature residential district with good schools, strong local services, and steady non-tourism buyer demand | Less of the "prime postcard Lisbon" appeal, so price growth is steadier rather than spectacular | Mid-Market |
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Key insights about apartment purchase prices in Lisbon
Insights
- Even the most affordable top-12 Lisbon neighborhood, Alvalade, costs close to 5,900 EUR/m², which means there is no genuinely cheap entry point anywhere in the popular parts of the city in 2026.
- The price gap between Lisbon's most expensive neighborhood (Santo António at around 7,700 EUR/m²) and the least expensive on this list (Alvalade at around 5,900 EUR/m²) is only about 32%, which is surprisingly narrow for a city of this size.
- Avenidas Novas, a largely functional and non-touristy neighborhood, is nearly as expensive as the glamorous historic core, showing that Lisbon buyers pay heavily for practicality and good metro access.
- In every single top-12 Lisbon neighborhood, an average two-bedroom apartment already costs above 550,000 EUR, making the two-bedroom segment effectively out of reach for many first-time buyers citywide.
- Parque das Nações commands premium Lisbon prices without any of the historic-core charm, proving that modern apartment stock, parking, and waterfront access are now worth as much to buyers as heritage and character.
- Alcântara, Graça, and Alvalade offer the best value trade-off in the Lisbon apartment market for owner-occupiers: they sit below the 6,200 EUR/m² mark while still offering strong everyday livability and genuine residential demand.
- Some of Lisbon's most expensive neighborhoods are costly for completely different reasons: Santo António is a prestige luxury address, Avenidas Novas is expensive because it is functional and central, and Parque das Nações is expensive because it offers modern predictable stock. Buyers should match the reason to their own priorities.
- Campo de Ourique maintains very high Lisbon apartment prices despite being away from the tourist core, driven almost entirely by strong owner-occupier and family demand, which makes it one of the more resilient markets in the city.
- Lisbon's "affordable" neighborhoods are not truly affordable in any absolute sense: even the lowest realistic starting budget across the top-12 neighborhoods sits above 184,000 EUR, and that is for a smaller or older unit.
- Official and private market data both point to Lisbon apartment prices remaining under upward pressure entering April 2026, with no significant correction visible across the neighborhoods covered in this analysis.
- Graça and São Vicente give buyers genuine Lisbon character and hillside views at a clear discount to Chiado, Príncipe Real, and Estrela, making them one of the more logical choices for buyers who want atmosphere without paying the very top of the market.
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About our methodology
This analysis covers apartment purchase prices across 12 Lisbon neighborhoods as of April 2026. We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Lisbon.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources for Lisbon apartment prices, not random listings or unsupported figures. More on that point below.
For each Lisbon neighborhood, we aggregated the freshest apartment purchase price data available. The freshest consistent neighborhood-level benchmark we could verify was Idealista's February 2026 Lisbon-freguesia asking-price series, which we treated as the base layer for the April 2026 analysis. When possible, we cross-checked multiple sources to confirm the same price range.
This allowed us to estimate the average price per square meter and the median property price for each Lisbon neighborhood.
We also calculated the starting budget, which represents the lowest realistic entry point to buy an apartment in that neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard apartment purchase in Lisbon.
For each apartment category, we estimated an average purchase price based on consistent apartment sizes across all neighborhoods: 45 m² for a studio, 65 m² for a one-bedroom, and 95 m² for a two-bedroom. These sizes reflect typical Lisbon market conventions.
These estimates were not applied as one flat number across the city. They were adjusted by neighborhood and apartment type to better reflect local ownership conditions and price levels in Lisbon.
This table should therefore be read as a structured market estimate, not as an exact guarantee of transaction prices. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Lisbon.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate pack about Lisbon, we rely on verifiable sources and a transparent methodology.
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 is authoritative | How we used it |
|---|---|---|
| Idealista Portugal – Lisbon Sale Price Report | Idealista is one of the largest and most transparent housing portals in Portugal, with a publicly documented methodology for its price series. | We used it as the primary neighborhood-level benchmark for Lisbon apartment asking prices entering April 2026. We relied on its freguesia-level EUR/m² figures to rank the 12 neighborhoods and build the main price table. |
| Statistics Portugal (INE) – GeoHab City Housing Price Tool | INE is Portugal's official statistics office, making this tool the most authoritative source for city-level housing transaction price geography. | We used it as the main official cross-check for Lisbon apartment price patterns across the city. We used it to validate that the expensive and mid-priced zones identified by market portals broadly match official transaction price data. |
| Statistics Portugal (INE) – Housing Statistics Release Page | INE is the national statistical authority for Portugal, and its housing releases are the benchmark for official transaction trends. | We used it to anchor the national and Lisbon-area market context around the 2026 analysis. We used the latest published housing price and transaction trend information to avoid relying on any single private dataset. |
| Banco de Portugal – Housing Price Index | Banco de Portugal is the Portuguese central bank, making its housing price index one of the most reliable top-tier institutional data sources available for Portugal. | We used it to sense-check the broader direction of Portuguese housing price inflation leading into 2026. We used it to place the Lisbon neighborhood price table within the latest national price cycle. |
| JLL Portugal – Residential Highlights 2025 | JLL is a major global real estate advisory firm with an established research practice and direct market presence in Portugal. | We used it to understand demand drivers and residential buyer behavior in the Lisbon apartment market. We used it to support the buyer profile, pros and cons, and segment interpretation for each neighborhood. |
| CBRE Portugal – Real Estate Market Outlook 2025 | CBRE is one of the largest global real estate consultancies, and its Portugal outlook report reflects direct market activity and professional research. | We used it to frame financing conditions, market momentum, and the wider Portuguese residential property backdrop. We used it to triangulate that the Lisbon market entered 2025 and 2026 with conditions supporting continued apartment price activity. |
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