Neighbourhood Guide · Lisbon 2025

Where in Lisbon
will you belong?

Every Lisbon neighbourhood has a distinct character. We've mapped the city so you can find the pocket that fits your life — and your investment.

Filter by:
from €6,500/m²
Luxury · Historic · Boutique
Príncipe Real
"Lisbon's most refined quarter"

Manicured garden squares, antique dealers, and beautifully restored 19th-century palaces. This is old-money Lisbon — quiet, elegant, and deeply coveted by international buyers seeking the city at its most refined.

€6.5–9k/m²
Purchase price
4.5–5.2%
Gross yield
★★★★★
Walkability
★★★★☆
Transport
LuxuryExpat HubFamilyRestaurants
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from €4,200/m²
Modern · Investment · Tech Hub
Parque das Nações
"Lisbon's future, built today"

Reimagined for Expo '98, this riverside district is now Lisbon's most modern neighbourhood — gleaming towers, tech company HQs, and the highest concentration of young professionals in the city.

€4.2–6.5k/m²
Purchase price
5.8–6.5%
Gross yield
★★★★☆
Walkability
★★★★★
Transport
InvestmentModernFamiliesTech
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from €4,800/m²
Creative · Riverside · Emerging
Alcântara
"Where the creatives landed"

Industrial warehouses turned design studios, a buzzing nightlife strip along the LX Factory, and sweeping river views. Alcântara rewards early movers with strong capital appreciation potential and a distinctive character.

€4.8–7k/m²
Purchase price
5.2–6.0%
Gross yield
★★★☆☆
Walkability
★★★★☆
Transport
InvestmentCreativeNomadNightlife
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from €5,200/m²
Historic · Fado · Iconic
Alfama
"The soul of the city"

Lisbon's oldest neighbourhood, with labyrinthine streets, Moorish architecture, and the haunting sound of Fado. The most requested neighbourhood by international buyers seeking authenticity — and one of the strongest short-term rental zones.

€5.2–8k/m²
Purchase price
5.5–7.5%
Short-term yield
★★★☆☆
Walkability
★★☆☆☆
Transport
IconicShort-LetTourismHeritage
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from €4,500/m²
Residential · Riverside · Prestigious
Belém
"Where Lisbon breathes"

Prestigious and spacious, Belém offers wide avenues, world-famous monuments, and a quieter, residential atmosphere. A top choice for families seeking space, culture, and prestige without the tourist crowd.

€4.5–7k/m²
Purchase price
4.5–5.5%
Gross yield
★★★☆☆
Walkability
★★★☆☆
Transport
FamilyPrestigeQuietRiver Views
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from €3,800/m²
Multicultural · Emerging · Value
Mouraria
"The next Alfama — at today's prices"

Vibrant, multicultural, and ascending rapidly. Mouraria is where savvy investors are buying now. Strong community spirit, independent restaurants, and prices that still offer significant upside as the neighbourhood gentrifies further.

€3.8–5.5k/m²
Purchase price
5.5–6.5%
Gross yield
★★★★☆
Walkability
★★★★☆
Transport
Value BuyEmergingInvestmentCulture
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Side by Side

Compare every
neighbourhood at a glance.

Area Price/m² Yield For Families For Investors Expat Scene Transport
Príncipe Real €6,500–9,000 4.5–5.2%
Parque das Nações €4,200–6,500 5.8–6.5%
Alcântara €4,800–7,000 5.2–6.0%
Alfama €5,200–8,000 5.5–7.5%
Belém €4,500–7,000 4.5–5.5%
Mouraria €3,800–5,500 5.5–6.5%
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