Top 10 Reasons to Buy a House in Lisbon, Portugal

In Portugal, you can find a diverse range of property styles, each offering a unique living experience. In Lisbon, for instance, the cool and trendy Príncipe Real neighbourhood features elegant 19th-century buildings and modern apartments, perfect for those who appreciate chic, urban living. Just a short distance away, the noble Estrela area boasts grand, historic mansions and upscale residences, ideal for those seeking a more refined and prestigious atmosphere. Meanwhile, the authentic Alfama neighbourhood offers charming, traditional houses with a rustic feel, set amidst narrow, winding streets and vibrant local culture. Whether you prefer the contemporary vibe of Príncipe Real, the sophistication of Estrela, or the historic charm of Alfama, Portugal has something to suit every taste. From its enchanting streets to its economic opportunities, here are the top 10 reasons why you should consider buying a home in Lisbon.

1.) PERFECT CLIMATE

Lisbon enjoys a Mediterranean climate with mild winters and hot summers, making it an attractive destination year-round. Lisbon is renowned for its unique and enchanting light, often referred to as the "Light of Lisbon." This magical glow, created by the city's position along the Tagus River and its reflective, white limestone buildings, bathes the streets in a warm, golden hue, especially during sunrise and sunset. This captivating light enhances the already pleasant Mediterranean climate, making outdoor activities and leisurely strolls through the city even more enjoyable. The city's abundant sunshine and pleasant weather allow for a relaxed, outdoor lifestyle, perfect for those who love to bask in the sun.

2.) RICH CULTURAL HERITAGE

Steeped in history, Lisbon boasts a wealth of cultural attractions, including historic landmarks, museums, and traditional Fado music. The city's blend of old and new provides endless opportunities for exploration and enrichment. Notable sites include the Jerónimos Monastery, Belém Tower, and the São Jorge Castle.

Alfama neighbourhood in Lisbon is the city's oldest district, steeped in rich cultural and historic character. Alfama is the birthplace of Fado music, a soulful genre that echoes through its traditional taverns and cafes, adding to the area's cultural significance. The neighbourhood's iconic landmarks, such as the São Jorge Castle and the Igreja de São Miguel, Lisbon Cathedral, stand as testaments to its historical importance and enduring charm. Alfama's vibrant community and lively festivals further celebrate its deep-rooted traditions, making it a captivating destination for anyone interested in Lisbon's heritage.

Belém neighbourhood in Lisbon is a historical and cultural treasure trove, renowned for its monumental architecture and deep ties to Portugal's Age of Discovery. This district is home to iconic landmarks such as the Jerónimos Monastery and the Belém Tower, both UNESCO World Heritage Sites that showcase stunning Manueline architecture and commemorate the era when Portuguese explorers set sail to chart new worlds. Belém is also famous for the Pastéis de Belém, the original custard tarts that are a beloved part of Portuguese culinary tradition. The area's lush gardens, museums like the Maritime Museum and the Berardo Collection Museum, and the impressive Monument to the Discoveries all contribute to Belém's cultural significance, making it a must-visit destination for those interested in Portugal's rich history and heritage.

Chiado, a vibrant neighbourhood in Lisbon, is celebrated for its blend of historic charm and cultural sophistication. This area was the epicentre of Lisbon's intellectual and artistic life in the 19th and early 20th centuries, frequented by famous poets, writers, and artists. Today, Chiado retains its cultural significance with landmarks like the São Carlos National Theatre, the National Museum of Contemporary Art, and iconic literary cafés such as A Brasileira. The neighbourhood's elegant streets are lined with historic buildings, upscale boutiques, and lively squares, reflecting both its storied past and its dynamic present. Chiado’s rich cultural heritage and stylish ambience make it a beloved hub for both locals and visitors.

Baixa, the bustling heart of Lisbon, is a neighbourhood of immense cultural and historic significance. Rebuilt after the devastating 1755 earthquake under the visionary Marquis of Pombal, Baixa is renowned for its grand neoclassical architecture, wide avenues, and orderly grid layout. This district is home to iconic landmarks such as the Praça do Comércio, Rossio Square, and the Elevador de Santa Justa, each contributing to its historical narrative. Baixa’s elegant streets, filled with traditional shops, cafes, and theatres, capture the essence of Lisbon’s commercial and social life. As a symbol of Lisbon's resilience and architectural innovation, Baixa stands as a testament to the city's rich heritage and vibrant urban culture.

3.) VIBRANT LIFESTYLE

From its lively street festivals to its bustling nightlife, Lisbon offers a vibrant lifestyle that appeals to all ages. The city is renowned for its excellent dining scene, with a variety of restaurants serving delicious Portuguese cuisine. Bairro Alto and Cais do Sodré are just some of Lisbon’s best nightlife districts.

Lisbon's vibrant lifestyle is truly captivating, blending historical charm with modern energy. From its lively street festivals to bustling nightlife, the city offers a dynamic experience for all ages. Dining in Lisbon is a delight, with a rich variety of Portuguese cuisine to explore.

Here are five personal recommendations from our advisers: from the Lisbon Guide 2024:

1. Miradouro de São Pedro de Alcântara - Stunning city views.

2. LX Factory - Trendy spot with shops, restaurants, and art spaces.

3. O Velho Eurico- Widely acclaimed by nearly every publication and guide as well as locals.

4. Museu Nacional do Azulejo - Celebrates traditional Portuguese tiles.

5. Belém Tower - A historic monument with beautiful surroundings.

Check out the Lisbon guide 2024 for more information from our advisers.

In addition to its cultural and culinary delights, Lisbon has plenty for those who enjoy being outside. There is a delightful promenade bordering the Tagus for a morning walk, a network of cycle paths and the city is bordered by the lush Monsanto Natural Park which offers plenty of hiking routes to explore. Dreaming of that surf-before-work lifestyle? Lisbon is about 30 minutes' drive from Ericeira, one of Europe's most iconic surf destinations, and is less than 90 minutes away - perfect for a day trip.

4.) INVESTMENT POTENTIAL

Real estate in Lisbon is a smart investment. The city's property market has shown steady growth, and with its increasing popularity, property values are expected to rise. Buying a house in Lisbon is not just about finding a home; it’s about making a sound financial decision.

Lisbon presents exceptional residential investment potential, especially for those seeking both lifestyle and financial returns. Prime neighbourhoods like Chiado, Baixa, and Príncipe Real are renowned for their high-end apartments and historic charm, attracting affluent buyers. Lisbon's vibrant cultural scene, excellent dining options, and beautiful beaches enhance its appeal. The city’s consistent growth in tourism and tech industries also drives property demand, ensuring robust rental yields and long-term capital appreciation. Investing in Lisbon not only secures a premium lifestyle but also promises substantial financial gains.

Lisbon's commercial real estate market offers substantial investment potential, particularly for high-end customers seeking both lifestyle benefits and financial returns. Avenida da Liberdade stands out as one of Lisbon's most prestigious areas, known for its luxury boutiques, upscale hotels, and historical charm. Properties here provide long-term rental yields and are supported by ongoing infrastructure developments, making it a prime location for offices, retail spaces, and luxury residential units.

Alcântara, known for its creative spaces like LX Factory, is gaining popularity due to its proximity to the city centre and the riverfront. The area is undergoing significant infrastructure improvements, making it attractive for both residential and commercial developments. The new CUF Tejo hospital and the area's trendy vibe contribute to its investment appeal, promising steady rental demand and capital appreciation.

Marvila is undergoing a major transformation with over €3.11 billion in investment, making it a hot spot for commercial real estate, especially for tech and creative industries. The development of the Hub Criativo do Beato, set to become one of the world's largest start-up hubs, underscores Marvila's potential for strong future growth and high rental yields. These neighbourhoods collectively highlight Lisbon's dynamic and diverse investment landscape, offering lucrative opportunities for high-end investors.
Investing in commercial real estate in Lisbon through Portugal's Golden Visa program offers significant benefits. The program grants residency to non-EU investors who make qualifying property investments, providing a pathway to European citizenship. This not only enhances the investor's portfolio with high-demand properties in Lisbon’s prime areas but also ensures long-term financial returns through rental income and property value appreciation. Moreover, the Golden Visa allows for visa-free travel across the Schengen Zone, adding immense lifestyle and business advantages. For more details, explore the Portugal Golden Visa Guide.

5.) BEAUTIFUL HOMES

Lisbon homes for sale range from historic apartments in Alfama to modern villas in Parque das Nações: Whether you’re looking for a charming traditional home or a sleek contemporary property, Lisbon offers diverse real estate options to suit every taste and budget.

Explore the stunning homes in Lisbon and benefit from our advisers' expert suggestions for your next property.

Ando Living Santos: Premium location in a very sought-after neighbourhood

São João da Praça: Traditional elements like 19th-century paintings, moulded and painted ceilings, azulejos, and Pombaline architecture will be preserved.

CR 80: Nestled in Campo de Ourique, Lisbon's coveted neighbourhood, this modern boutique development blends traditional charm with contemporary amenities, offering a sophisticated, family-friendly atmosphere.

Duplex Penthouse Marvila E: This penthouse blends industrial and biophilic design, featuring a bright open-plan living area and a private rooftop with a garden and pool.

Duplex Ground Floor Marvila: This exceptional duplex blends clean lines, industrial details, and biophilic design, featuring a spacious living area with four-metre-high ceilings and a garden with a pool.

Junqueira 27: Combining a historic facade with modern interiors, this property offers contemporary comforts in a prime riverside location, amid a growing business district with excellent transportation links.

São Lourenço Gardens T5: This luxury private condominium embodies contemporary living with a spacious living room, dining room with terrace access, high-end kitchen, and an internal garden. 

Alexandre Braga 10: Located in the heart of Lisbon, this property offers easy access to key attractions and amenities. It boasts architectural elegance, housed in a stunning period building that combines original features with high-end finishes.

Jardim da Glória: Graça is a traditional neighbourhood in Lisbon, located on the highest hill of Lisbon, and known for its beautiful viewpoints.

6.) EXCELLENT QUALITY OF LIFE

Living in Lisbon offers a high quality of life. The city is known for its safety, affordable and efficient public transportation, and numerous opportunities. With a wide range of activities and events happening frequently, there is always something to keep residents entertained and engaged.

Lisbon offers a remarkable quality of life, consistently ranking highly in global surveys. In 2023, Lisbon was placed in the top ten cities worldwide by Monocle Magazine's Quality of Life Survey(https://monocle.com/magazine/issues/155/quality-of-life-survey-part-one/), praised for its safety, community spirit, hospitality, and proximity to nature. This survey highlights Lisbon's ability to get the "simple things right," making it an attractive place to live​ (Matilde Viegas)​.

In 2022, Lisbon also featured prominently in Numbeo’s Quality of Life Index, scoring 151.9. This index evaluates various factors including purchasing power, safety, health care, cost of living, property prices, traffic commute time, pollution, and climate, reflecting the city’s balanced and appealing living conditions​ (Numbeo)​​​.

These rankings are a testament to Lisbon's blend of historic charm and modern amenities, coupled with a vibrant cultural scene and excellent public services. For those considering an investment or a move, Lisbon’s high quality of life is complemented by its rich cultural heritage and dynamic lifestyle, offering both a great place to live and promising investment opportunities​

7.) SCENIC BEAUTY

The city's unique topography offers stunning views from its many lookout points. At Athena Advisers, our favourite lookout points in Lisbon are Miradouro de Santa Luzia in Alfama, Miradouro São Pedro de Alcântara in Príncipe Real, and Miradouro da Graça in Graça. Known as the city of the seven hills, Lisbon offers several more stunning viewpoints, making the exploration of these spots well worth the trip. Lisbon’s picturesque streets, adorned with colourful tiles and historic buildings, provide a visually captivating environment. The nearby beaches and natural parks add to the city's scenic appeal. 

8.) FRIENDLY COMMUNITY

Lisbon is known for its warm and welcoming community. The locals, known as Lisboetas or Alfacinhas are friendly and hospitable, making it easy for newcomers to feel at home. The city’s expat community is also growing, providing a supportive network for foreigners.

9.) ECONOMIC OPPORTUNITIES

Lisbon is not only a cultural hub but also a growing economic centre. The city's thriving tech scene, combined with its strategic location, makes it a hotspot for entrepreneurs and businesses. Web Summit, held annually in Lisbon, has cemented the city’s status as a global tech hub, attracting over 70,000 attendees from more than 160 countries. This premier technology conference features a diverse lineup of over 1,000 speakers, including industry leaders, policymakers, and innovators. The event offers unparalleled networking opportunities, with dedicated areas for one-on-one meetings, pitch sessions, and informal gatherings providing fertile ground for startups to connect with top investors and secure funding.

Over the next ten years, Lisbon will continue to host the Web Summit, drawing significant attention from investors, startups, and tech businesses worldwide. This continuous engagement underscores Lisbon's vibrant tech ecosystem, superb infrastructure, and welcoming atmosphere, positioning it at the forefront of technological innovation and business opportunities. For investors and tech entrepreneurs, the Web Summit in Lisbon offers access to a thriving community and the chance to be part of groundbreaking developments in the tech industry.

The cost of living between San Diego and Lisbon exhibits notable differences across various everyday expenses such as gym memberships, coffee, and public transport. In San Diego, a monthly gym subscription at Fit Athletic costs $160, which translates to approximately €136, whereas in Lisbon, a similar subscription at Holmes Place is significantly cheaper at €80. This represents a price difference of €56, indicating that gym memberships are much more affordable in Lisbon. Public transport follows a similar trend; a monthly metro ticket in San Diego costs $72, or about €61.20, compared to just €30 in Lisbon. This reveals a substantial €31.20 savings for Lisbon residents. The price of a cup of cappuccino also highlights the cost disparity; in San Diego, a cup from Better Buzz Coffee is priced at $5.45 (€4.63), whereas in Lisbon, a cup from a Brasileira costs only €2, making coffee in Lisbon more than twice as cheap as in San Diego. Overall, these comparisons underline that Lisbon offers a more cost-effective lifestyle in terms of gym memberships, public transport, and coffee, which can significantly influence the overall cost of living and appeal of the city.

10.) EASY ACCESS TO EUROPE AND BEYOND

Lisbon's well-connected airport offers direct flights to major cities across Europe and the world, making travel convenient. The city's strategic location also makes it a gateway to exploring other parts of Portugal and Europe.

WHAT NEXT?

Imagine enjoying the vibrant lifestyle of Lisbon, with its stunning viewpoints, rich culture, and dynamic tech scene—now let Athena Advisers help you make that dream a reality. We find you your ideal home in Lisbon, guiding you through every step to ensure you secure the perfect property in this captivating city.

Athena Advisers is your perfect partner in finding a home in Lisbon. Here's why:

At Athena Advisers, we curate exceptional properties in France, Portugal, and beyond. We advise on buying, selling, tax structuring, mortgages, building permits, decoration, and rental strategy.

Founded twenty years ago to simplify overseas property investment, we help clients navigate the entire process—from selecting the best properties to optimising tax structures and managing rentals. Whether you're a second-home owner, investor, or real estate fund, we handle everything, making the process seamless.