Lisbon
Atlantic-facing European capital; tiles and trams; world-class gastronomy; tech and startup hub
* Die Wechselkurse dienen lediglich der Veranschaulichung und basieren auf dem Mittelkurs der EZB. Für tatsächliche Transaktionen können Umtauschgebühren anfallen.
⚠ Local STR Restrictions — Lisbon
Lisbon: DL 76/2024 lifted national AL freeze, but municipalities retain power to restrict transfers in containment zones. 10% per-building threshold applies.
Market Analysis — Lisbon
Zentrale Nachfragetreiber und Hauptrisiken
✅Nachfragetreiber
- •Strong tourism
- •central-city liquidity
- •international resident demand
- •IFICI tax regime for new residents
⚠️Hauptrisiken
- •AL policy/containment risk
- •very high entry price
- •cap-rate compression
- •RMAL uncertainty
🇮🇱 Hinweise für israelische Investoren
Medium-high Israeli presence; active Israeli brokerage/relocation ecosystem in Portugal; visible capital in Lisbon market
Properties in Lisbon
1715 for sale·444 for rent
Properties for Sale in Lisbon
Neueste Angebote
Showing 1–12 of 50 listings
2-Bed Wohnung · 98 m² in Alfama
3-Bed Wohnung · 139 m² in Alfama
3-Bed Wohnung · 144 m² in Alfama
2-Bed Wohnung · 90 m² in Graca
1-Bed Wohnung · 49 m² in Alfama
2-Bed Wohnung · 158 m² in Alfama
3-Bed Wohnung · 105 m² in Alfama
Wohnung · 87 m² in Alfama
3-Bed Wohnung · 95 m² in Alfama
3-Bed Wohnung · 72 m² in Alfama
1-Bed Wohnung · 65 m² in Alfama
Wohnung · 76 m² in Alfama
Yield by Neighborhood — Lisbon
Mikrozonen-Vergleich — CASABROVA
| Nachbarschaft | Preis/m² | STR-Rendite | STR-Status | Charakter |
|---|---|---|---|---|
| Santa Marinha e São Pedro da Afurada | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Riverside area in Gaia with views of Porto and wine cellars |
| Santa Maria Maior | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Historic heart of Lisbon with São Jorge Castle, fado, and tourism |
| São João da Madeira | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Small industrial city in northern Portugal with low property prices |
| Várzea | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Quiet residential area with green spaces and reasonable prices |
| Santa Clara | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Northern neighborhood in Lisbon with green spaces and reasonable prices |
| Rio Tinto | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Suburb east of Porto with low prices and nearby metro |
| Moreira | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Quiet residential area with local amenities and reasonable prices |
| Paranhos (Lisbon) | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | University neighborhood in Lisbon with high student rental demand |
| Torrozelo e Folhadosa | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Rural villages in central Portugal with stunning nature and token prices |
| Misericórdia | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Historic neighborhood in the heart of Lisbon with nightlife, restaurants, and heavy tourism |
| Avintes | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Quiet suburb south of Porto with affordable property prices |
| Benfica | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Large residential neighborhood west of Lisbon with parks and family amenities |
| Braga (São Vítor) | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | University city in northern Portugal with stable rental demand |
| Estrela | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Elegant neighborhood in Lisbon with gardens and the famous Estrela Basilica |
| Gulpilhares e Valadares | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Coastal suburb south of Porto with beaches and reasonable prices |
| Ílhavo (São Salvador) | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Coastal town near Aveiro with ceramics industry and affordable homes |
| Odivelas | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Large suburb north of Lisbon with metro and low entry prices |
| Quarteira | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Coastal resort in the Algarve with sandy beaches and beach tourism |
| Santo António | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Elegant neighborhood in Lisbon with luxury shops and upscale restaurants |
| São Bernardo | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Residential area near Aveiro with low prices and quiet setting |
| São Domingos de Benfica | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Green residential area west of Lisbon near Monsanto Park |
| São Martinho do Porto | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Quiet coastal village with beautiful bay and summer tourism |
| São Vicente | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Historic neighborhood in Lisbon with flea market and panoramic views |
| Covas e Vila Nova de Oliveirinha | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Quiet rural area in central Portugal with very low prices |
| Sé Nova, Santa Cruz, Almedina e São Bartolomeu | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Historic center of Coimbra with ancient university and UNESCO heritage |
| Silvares, Pias, Nogueira e Alvarenga | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Rural area in northern Portugal with very low prices |
| Viseu | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Historic city in central Portugal with university and emerging property market |
| Águas Livres (Lisbon) | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Quiet residential area in Lisbon with affordable housing options |
| Santo António dos Cavaleiros e Frielas | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Suburb north of Lisbon with affordable family housing and metro |
| Avenidas Novas | €7,000–€8,500 (₪23,759–₪28,851) | 7.5%–9% | STR Restricted 🟡 RMAL 2025: outside absolute containment; exceptional AL approvals possible | Modern business quarter; strong professional LTR; outside absolute containment areas |
| Arroios / Sao Vicente multikulturell | €6,000–€7,500 (₪20,365–₪25,457) | 7.5%–9% | STR Restricted 🟡 RMAL 2025: check parish-level containment status | Multicultural; gentrifying; best value within Lisbon; STR possible outside containment |
| Alcântara | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Historic riverside neighborhood undergoing active urban renewal |
| Almada, Cova da Piedade, Pragal e Cacilhas | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Residential area on the south bank with lower prices and good connectivity to Lisbon |
| Arroios | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Multicultural and vibrant neighborhood in central Lisbon with good rental yields |
| Campolide | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Elevated residential area near Amoreiras with new development projects |
| Baixa da Banheira e Vale da Amoreira | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Low-price residential area on the south bank with growth potential |
| Covilhã e Canhoso | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Mountain town inland with university and seasonal rental demand |
| Évora de Alcobaça | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Small town near Alcobaça with cheap rural properties |
| Loures | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Suburb north of Lisbon with new residential projects and lower prices than center |
| Campo de Ourique | €6,500–€8,000 (₪22,062–₪27,154) | 7%–8.5% | STR Restricted 🟡 RMAL 2025: containment status depends on parish; check before purchasing | Village-feel residential; strong LTR; young professionals; excellent amenities |
| Ramalde (Lisbon) | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Residential area in Lisbon with parks and family amenities |
| Parque das Nações | €6,900–€7,500 (₪23,420–₪25,457) | 7.5%–8.5% | N/A | Modern waterfront area with Vasco da Gama Tower and Expo |
Yield and price ranges are internal AI-research estimates from public real-estate portals (Tranio, Investropa, Globes, etc.), refreshed quarterly. Not primary-source data.
Investment Areas in Lisbon
Santa Marinha e São Pedro da Afurada
Riverside area in Gaia with views of Porto and wine cellars
Preis ab €6,900/m² (₪23,420/m²)
Santa Maria Maior
Historic heart of Lisbon with São Jorge Castle, fado, and tourism
Preis ab €6,900/m² (₪23,420/m²)
São João da Madeira
Small industrial city in northern Portugal with low property prices
Preis ab €6,900/m² (₪23,420/m²)
Várzea
Quiet residential area with green spaces and reasonable prices
Preis ab €6,900/m² (₪23,420/m²)
Santa Clara
Northern neighborhood in Lisbon with green spaces and reasonable prices
Preis ab €6,900/m² (₪23,420/m²)
Rio Tinto
Suburb east of Porto with low prices and nearby metro
Preis ab €6,900/m² (₪23,420/m²)
Moreira
Quiet residential area with local amenities and reasonable prices
Preis ab €6,900/m² (₪23,420/m²)
Paranhos (Lisbon)
University neighborhood in Lisbon with high student rental demand
Preis ab €6,900/m² (₪23,420/m²)
Torrozelo e Folhadosa
Rural villages in central Portugal with stunning nature and token prices
Preis ab €6,900/m² (₪23,420/m²)
Misericórdia
Historic neighborhood in the heart of Lisbon with nightlife, restaurants, and heavy tourism
Preis ab €6,900/m² (₪23,420/m²)
Avintes
Quiet suburb south of Porto with affordable property prices
Preis ab €6,900/m² (₪23,420/m²)
Benfica
Large residential neighborhood west of Lisbon with parks and family amenities
Preis ab €6,900/m² (₪23,420/m²)
Braga (São Vítor)
University city in northern Portugal with stable rental demand
Preis ab €6,900/m² (₪23,420/m²)
Estrela
Elegant neighborhood in Lisbon with gardens and the famous Estrela Basilica
Preis ab €6,900/m² (₪23,420/m²)
Gulpilhares e Valadares
Coastal suburb south of Porto with beaches and reasonable prices
Preis ab €6,900/m² (₪23,420/m²)
Ílhavo (São Salvador)
Coastal town near Aveiro with ceramics industry and affordable homes
Preis ab €6,900/m² (₪23,420/m²)
Odivelas
Large suburb north of Lisbon with metro and low entry prices
Preis ab €6,900/m² (₪23,420/m²)
Quarteira
Coastal resort in the Algarve with sandy beaches and beach tourism
Preis ab €6,900/m² (₪23,420/m²)
Santo António
Elegant neighborhood in Lisbon with luxury shops and upscale restaurants
Preis ab €6,900/m² (₪23,420/m²)
São Bernardo
Residential area near Aveiro with low prices and quiet setting
Preis ab €6,900/m² (₪23,420/m²)
São Domingos de Benfica
Green residential area west of Lisbon near Monsanto Park
Preis ab €6,900/m² (₪23,420/m²)
São Martinho do Porto
Quiet coastal village with beautiful bay and summer tourism
Preis ab €6,900/m² (₪23,420/m²)
São Vicente
Historic neighborhood in Lisbon with flea market and panoramic views
Preis ab €6,900/m² (₪23,420/m²)
Covas e Vila Nova de Oliveirinha
Quiet rural area in central Portugal with very low prices
Preis ab €6,900/m² (₪23,420/m²)
Sé Nova, Santa Cruz, Almedina e São Bartolomeu
Historic center of Coimbra with ancient university and UNESCO heritage
Preis ab €6,900/m² (₪23,420/m²)
Silvares, Pias, Nogueira e Alvarenga
Rural area in northern Portugal with very low prices
Preis ab €6,900/m² (₪23,420/m²)
Viseu
Historic city in central Portugal with university and emerging property market
Preis ab €6,900/m² (₪23,420/m²)
Águas Livres (Lisbon)
Quiet residential area in Lisbon with affordable housing options
Preis ab €6,900/m² (₪23,420/m²)
Santo António dos Cavaleiros e Frielas
Suburb north of Lisbon with affordable family housing and metro
Preis ab €6,900/m² (₪23,420/m²)
Avenidas Novas
Modern business quarter; strong professional LTR; outside absolute containment areas
Preis ab €7,000/m² (₪23,759/m²)
Arroios / Sao Vicente
Multicultural; gentrifying; best value within Lisbon; STR possible outside containment
Preis ab €6,000/m² (₪20,365/m²)
Alcântara
Historic riverside neighborhood undergoing active urban renewal
Preis ab €6,900/m² (₪23,420/m²)
Almada, Cova da Piedade, Pragal e Cacilhas
Residential area on the south bank with lower prices and good connectivity to Lisbon
Preis ab €6,900/m² (₪23,420/m²)
Arroios
Multicultural and vibrant neighborhood in central Lisbon with good rental yields
Preis ab €6,900/m² (₪23,420/m²)
Campolide
Elevated residential area near Amoreiras with new development projects
Preis ab €6,900/m² (₪23,420/m²)
Baixa da Banheira e Vale da Amoreira
Low-price residential area on the south bank with growth potential
Preis ab €6,900/m² (₪23,420/m²)
Covilhã e Canhoso
Mountain town inland with university and seasonal rental demand
Preis ab €6,900/m² (₪23,420/m²)
Évora de Alcobaça
Small town near Alcobaça with cheap rural properties
Preis ab €6,900/m² (₪23,420/m²)
Loures
Suburb north of Lisbon with new residential projects and lower prices than center
Preis ab €6,900/m² (₪23,420/m²)
Campo de Ourique
Village-feel residential; strong LTR; young professionals; excellent amenities
Preis ab €6,500/m² (₪22,062/m²)
Ramalde (Lisbon)
Residential area in Lisbon with parks and family amenities
Preis ab €6,900/m² (₪23,420/m²)
Parque das Nações
Modern waterfront area with Vasco da Gama Tower and Expo
Preis ab €6,900/m² (₪23,420/m²)
Leitartikel | CASABROVA
Alle Artikel →Die Renditeillusion: Warum kommunale STR-Regulierungen grenzüberschreitende Bewertungen zerstören
Eine massive "Renditeillusion" ist entstanden. Investoren bewerten Immobilien auf Basis historischer Cashflows und ignorieren dabei fatal, dass hyperlokale kommunale Regulierungen historische Performance von künftigen Renditen entkoppelt haben.
Iberischer Scheideweg: Portugal vs. Spanien für Immobilieninvestoren im Jahr 2026
Spanien hat STR-Regeln verschärft und seine Golden Visa vollständig abgeschafft. Portugal hat umgesteuert — Lizenzstopps aufgehoben, aber die Eintrittssteuer verdoppelt. Ein präziser Vergleich der vier relevanten Vektoren.
Service Providers in Lisbon
Anwälte, Makler, Immobilienverwalter, Auftragnehmer
Alle Dienstleister ansehen→Market Review — Lisbon
Lisbon is Southern Europe's most polished real estate market — a city that has transformed from a budget destination into a global tech and lifestyle hub over the past decade. At €6,900–7,500/sqm, prices are approaching Western European levels, but STR yields of 7.5–8.5% remain strong enough to justify entry. LTR at 4–4.5% provides a stable baseline.
The STR regime in Lisbon is nuanced: new licenses in the historic center (Alfama, Baixa, Chiado) are restricted, but established licenses trade at a premium. The suburban ring (Almada, Cascais, Sintra) offers alternatives. Year-over-year growth of 6% is steady and sustainable — no longer the double-digit spikes of the Golden Visa era, which is actually healthier.
Post-Golden Visa, post-NHR, the investor profile in Lisbon is shifting from tax-optimizers to genuine lifestyle buyers and operators. This is positive for long-term market health. The Web Summit and tech startup ecosystem provide employment-driven demand that didn't exist a decade ago. Risk: Lisbon's rental market is increasingly regulated, with rent control proposals gaining political traction. For investors, the sweet spot has moved south to the Algarve and Silver Coast for yield, while Lisbon itself is increasingly a capital appreciation play.
Letzte Aktualisierung: 13. April 2026
Discussions — Lisbon
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