Looking for a Home in Lisbon
By Maria Thermann

Looking for a Home in Lisbon

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Voted the world's leading city break destination in 2017, Lisbon is also Europe's hottest property market right now. Prices have risen sharply for townhouses and apartments. This makes it far harder to relocate for work purposes, to study in Lisbon, or to buy a retirement home in the Portuguese capital. However, not all districts are equally expensive.

Lisbon sees a large number of tourists each year, who come to visit Belém Tower, São Jorge Castle, Rossio Square or Praça do Comércio, the main commercial square in the city lined with shops, restaurants and cafes, or to take the historic tour with the world-famous Tram 28.

Situated at the heart of the city is Lisbon Zoo, easily reached via the Blue Line, which goes directly to Jardim Zoológico Station. The zoo is part of a major global conservation project to protect endangered species such as the Sumatra Tiger. Lisbon Zoo is a major attraction for children - there's even a Children's Farm, where young Lisboa adventurers can come face to face with cuddly animals that they can pet. A cable car and Zoo train make getting around easier on a hot day. This is a major family attraction not to be missed.

Lisbon is a young, vibrant city thanks to its large student population and highly innovative start-up scene. Thanks to rising property prices, many young people have become more proactive when it comes to their property search - they go to the suburbs and buy a house together with five or six people. Demand for property in Lisbon's 18 districts is being driven by foreign investors, for example by the French, Brazilian investors or Scandinavians, South Africans and British investors. The latter favour the towns of Estoril and Cascais, which lie within an acceptable drive of Lisbon and are more affordable.

As Lisbon lies within a short drive of the coast, water sports enthusiasts will find all they need to start an enjoyable new life in the city. Other things to do nearby are paragliding, cycling and dining out - Lisbon offers many fine restaurants serving both Portuguese and international cuisine.

Prices for Lisbon properties can vary considerably. In Baixa renting student accommodation can be as much as 500 euros a month of more just for one room. Here a luxury 5-bedroom apartment will cost in the region of 1.6 to 2 million euros, but moving out into districts of Lisbon's urban area, such as Setúbal or Alcochete, means finding a supply of 5-bedroom houses that range in price from 340,000 to 900,000 euros is not impossible. If all you're looking for is a start on the property ladder while you're starting up in business, there are even small one-bedroom houses for under 100,000 euros in districts like Alcochete.

The 18 districts of Greater Lisbon are: Alcochete, Almada, Barreiro, Amadora, Cascais, Central Lisbon, Loures, Mafra, Moita, Montijo, Odivelas, Oeiras, Palmela, Seixal, Sintra, Sesimbra, Setúbal and Vila Franca de Xira. Together these villages and towns cover a large area, but are still within an easy drive of Central Lisbon.

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