Lisbon Property Prices, Rents & Rental Yields

About Lisbon

Lisbon pairs historic neighbourhoods and riverfront views with a capital-city pace that continues to draw long-term attention. Its apartment market reflects that blend of heritage and urban utility, with central districts and established transport links shaping value across the city.

July 2026 points to a market that is still holding firm in pricing, even as investor economics look a little tighter. The average apartment sale price stood at €599,000, while the average price per square metre reached €6,370, up 8.4% year over year. That annual gain suggests underlying value growth has remained intact, but the monthly movement was restrained, with both the average sale price and average m2 price down 0.2% from June.

Rents moved in the opposite direction of the longer-term price trend. The average apartment rent was €1,750 in July, down 2.8% month over month and also 2.8% lower than a year earlier. Against that backdrop, the citywide yield of 3.96% highlights the tension in Lisbon’s apartment market: capital values have advanced over the year, but rental income has not kept pace to the same degree. For investors, that leaves a market where pricing resilience is visible, yet return calculations still need careful attention.