Is Lisbon a good investment destination in 2026?

Gross rental yield data is not available, so a full yield-based assessment cannot be made from the provided data. Prices are up 15.3% year on year, which indicates strong recent momentum, but the Red Flag risk score of 81/100 suggests elevated risk.

What property taxes apply when buying in Lisbon, Portugal?

In Portugal, buyers pay IMT (municipal property transfer tax, sliding scale 0–8% depending on property value and buyer type), IMI (annual municipal property tax, 0.3–0.8% of tax assessed value), and stamp duty at 0.8% of the purchase price. These rates apply nationally, including Lisbon.

How liquid is the Lisbon real estate market?

Lisbon has a market liquidity score of 92/100, which indicates a highly liquid market relative to the 0–100 scale provided.

What are the main property investment risks in Lisbon?

Lisbon’s Red Flag composite risk score is 81/100. The dominant risk factor is aviation noise, scored at 100/100, with construction pressure also very high at 99/100 and air quality risk at 92/100.

Municipality

Lisbon

Lisbon, Portugal PT

Lisbon’s residential market is priced at €5,000/m² and has recorded 15.3% year-on-year growth, indicating strong recent price momentum. Liquidity is high at 92/100, which supports transactionability, while infrastructure and walkability score a perfect 100/100. Risks are also elevated: the Red Flag composite score is 81/100, driven primarily by aviation noise at 100/100 and construction pressure at 99/100.

AI Summary•Updated July 2026

Area

86.8 km²

District

Lisbon

Country

Portugal

INE — verified prices & volumeListed asking pricesJRC EFAS — flood riskEEA — air qualityRASI — crime statisticsOpenStreetMap — POI

Verified Price · €/m²

€5,198/m²

YoY+17.5%

Gross Rental Yield

4.3%

Verified rent · annualized

Red Flag Index

Very High

81 / 100

Walkability Score

100

Walker's Paradise

OpenStreetMap POI density · national percentile

AI Score

Good

DistrictScore attractiveness · national model

Lisbon Property Prices & Rental Yield

Verified INE transaction data and listed asking prices for Lisbon, Lisbon.

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Market Economics Snapshot

Jul 2026

Metric	Value	YoY
Median Sale Price (Verified)	€5,198/m²	+17.5%
Asking Price (Listed)	€6,107/m²	—
Median Rent (Verified)	€16/m²/mo	+5.1%
Gross Rental Yield	4.3%	—
Liquidity Score	88 / 100	High
Short-Term Rental Licenses	11,850	cumulative

Is Lisbon Safe? Environmental Risk

Red Flag Index composite across four dimensions, plus inherited Lisbon crime context.

Red Flag Breakdown

81 / 100

Very High Risk

Composite is impact-weighted: flood 30%, air quality 25%, aviation noise 25%, construction pressure 20%.

Aviation Noise100Very High

Construction Pressure99Very High

Air Quality92Very High

Flood43Moderate

4/4 dimensions scored · JRC / EEA / OSM

Crime (district-level): Lisbon averaged 38.0 crimes and 2.20 violent per 1,000 residents in 2025 (RASI). Official Portuguese statistics report crime at district level only.

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Zone-level flood & noise detail with Pro

What Stands Out AI Insight

Appreciating market — +17.5% sale-price YoY

Highly walkable municipality — score 100/100

Liquid resale market — liquidity 88/100

Established short-term rental market — 11,850 AL licenses

Aviation Noise risk is Very High (100/100)

Construction Pressure risk is Very High (99/100)

Insights are generated from Lisbon's live DistrictScore metrics.

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Walkability & Amenities in Lisbon

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

100

Walker's Paradise

Walkability Score

145

Grocery

390

Schools

228

Hospitals

57

Pharmacies

356

Transit Stops

35

Coworking

POI counts are amenities within Lisbon's municipal boundary, scored against the walkable urban center.

Buying Property in Portugal as a Foreigner

Tax & residency facts for non-resident buyers, plus official Lisbon safety statistics.

Buying as a Foreigner

PT Tax & Residency

IMT Rate

IMT (transfer tax): 0–7.5% of purchase price. Primary residence exempt up to €104,261 (threshold updated annually). · AICEP Portugal Global — IMT (verified 2026-04)

IMI Rate

IMI (annual property tax): 0.3–0.45% of assessed value (VPT) for urban properties. Rate set by each municipality. · AICEP Portugal Global — IMI (verified 2026-04)

Stamp Duty

Stamp duty (IS): 0.8% on purchase price + 0.6% on mortgage (≥5 years) or 0.5% on shorter-term mortgage. · AICEP Portugal Global — Stamp Tax (verified 2026-04)

Capital Gains

Capital gains: non-residents taxed on 50% of gain at progressive IRS rates (same as residents, per Law 24/2022). Reinvestment exemption applies. · Portal das Finanças — Código IRS, Art. 10 (verified 2026-04)

IFICI Regime

IFICI (replaces NHR, 2024): 20% flat rate on Portuguese income for 10 years. Must not have been tax resident in Portugal in prior 5 years. · Portal das Finanças — IFICI (verified 2026-04)

Golden Visa

Golden Visa (ARI): residential property no longer qualifies since Oct 2023. Fund investment from €500K or cultural heritage from €250K still valid. · AIMA — ARI Golden Visa (verified 2026-04)

AL Moratorium Lisbon

AL licence (short-term rental): moratorium active in Lisbon — no new licences for apartments since Feb 2023 under DL 76/2023. · Decreto-Lei n.º 76/2023 (verified 2026-04)

Buying Costs

Buying costs: notary + registry via Casa Pronta from €375 (purchase) or €700 (with mortgage). Legal fees typically 1–2% of price. · Justiça.gov.pt — Balcão Casa Pronta (verified 2026-04)

General guidance only — rules change. Always consult a licensed Portuguese tax lawyer before making investment decisions.

Talk to a Portuguese real-estate tax advisor

NHR, Golden Visa & IMT guidance for foreign buyers

Lisbon Crime Trend

RASI

Year	Crimes / 1k	Violent / 1k	YoY
2025	38.0	2.20	+4.5%
2024	36.4	2.28	-7.6%
2023	39.4	2.32	+6.6%
2022	36.9	2.29	+14.8%
2021	32.2	2.06	+3.1%

Reported at district level — the finest official Portuguese crime aggregation (RASI annual report), inherited by every municipality in Lisbon. RASI 2025 report ↗

Lisbon Real Estate FAQ

The average property price in Lisbon is €5,000/m².

Municipalities near Lisbon

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