Investment Guide · Lisbon

Invest in
Lisbon with
confidence.

Europe's most compelling buy-to-let market. Strong rental yields, stable capital growth, and a legal framework built for international investors.

Gross Rental Yield by Zone — 2025
Príncipe Real
4.8%
Parque das Nações
6.5%
Alcântara
5.7%
Belém
5.1%
Alfama
4.5%
Mouraria
5.5%
Source: Lisbonest Market Research. Gross yield. Subject to vacancy and management costs.
What You Can Buy

Three paths to
returns in Lisbon.

01
Short-Term Rental (AL)

Alojamento Local licensed apartments in tourist zones delivering strong Airbnb and booking yields. Ideal for €300k–€600k budgets. We handle licensing, furnishing, and management introductions.

Yield: 5.5–7.5% gross · High occupancy in Baixa, Alfama, Mouraria
02
Long-Term Residential Let

Stable tenancy agreements with professional or expat tenants. Lower yield but minimal management overhead — ideal for hands-off investors seeking passive income.

Yield: 4.0–5.5% gross · Parque das Nações, Alcântara, Beato
03
Buy, Renovate & Resell

Distressed or unrenovated properties in emerging neighbourhoods. Requires capital and patience but offers the strongest total return potential over a 3–5 year horizon.

Target IRR: 12–18% · Mouraria, Penha de França, Marvila
The Buying Process

From search to
keys in hand.

01
Strategy Call

We define your budget, yield targets, and risk profile.

02
Shortlist

Curated selection of 5–8 matching properties within 48 hrs.

03
Site Visits

In-person or virtual viewings with full financial analysis.

04
Legal & Offer

NIF, solicitor, CPCV contract. We guide every step.

05
Close & Collect

Escritura signing, key handover, rental setup if needed.

Tax & Legal

Understand the
numbers before you buy.

Cost / TaxRateNotes
IMT (Transfer Tax)1–8%Based on property value & type
Stamp Duty (IS)0.8%On purchase price
Notary & Registration~€1,500Fixed cost
Solicitor / Legal1–2%Recommended for all buyers
IMI (Annual Property Tax)0.3–0.45%Urban property. Lisbon rate ≈ 0.3%
Rental Income Tax (NHR)20% flatFor NHR residents. Otherwise 28%.
Capital Gains (CGT)28%50% exemption if reinvested in main home
The NHR regime changes everything.

Portugal's Non-Habitual Resident tax status allows new residents to pay a flat 20% on Portuguese-sourced income and 0% on most foreign income for 10 years.

20% flat rate on Portuguese rental income (vs 28% standard)
Possible 0% on foreign pension, dividends and interest
10-year benefit window from date of registration
Must be a new Portuguese tax resident to qualify
Get Started

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Investment
Report.

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