Lisbon Property Prices, Rents & Rental Yields

About Lisbon

Lisbon, the capital of Portugal, blends river views, historic neighbourhoods and a wide mix of urban lifestyles, making it one of the country’s most closely watched apartment markets. Its central position in the Lisbon district and enduring appeal keep it firmly on the radar of investors and tenants alike.

August 2026 brings a clear tension to the apartment market: values are still advancing, but income is not keeping pace. The average sale price stands at €599,000, with the average price per square metre at €6,370, both unchanged month on month but higher year on year, up 5.6% and 7.9% respectively. That suggests capital values have continued to firm even without fresh monthly movement.

Against that backdrop, rental performance looks steadier. The average rent is €1,800, up 2.9% from the previous month, yet flat over the year. The result is a yield of 4.13%, which points to a market where price growth has outpaced rental growth. For apartment investors, August’s message is not about rapid re-pricing, but about a widening gap between asset values and the income they generate. In practical terms, Lisbon remains a market defined by appreciation pressure, while yields reflect the strain of keeping returns aligned with rising capital values.