Discover Lisbon: lifestyle, living and property in Portugal’s capital 

Nestled along the sun-kissed shores of Portugal, Lisbon stands as a testament to timeless beauty, boasting cultural richness, and now, more so than ever, a burgeoning real estate market.  

With its winding cobblestone streets, pastel-coloured buildings, and stunning vistas of the Atlantic Ocean, the Portuguese capital has captured the hearts of locals and visitors alike. No wonder it topped our lists of both the best places to buy property in Portugal and the best places to live!

Currencies Direct have delved into the allure of Lisbon’s properties, its vibrant cultural scene, and the practicalities of living in this enchanting city. 

Lisbon’s property market: a melting pot of tradition and modernity 

Lisbon’s property market has undergone a remarkable transformation in recent years, evolving into a hotspot for international investors seeking a blend of historical charm and modern amenities. From quaint apartments in the ancient Alfama district to luxurious penthouses overlooking the Tagus River, there’s something for every taste and budget. 

The Baixa and Chiado neighbourhoods, with their elegant squares and historic landmarks, offer prime real estate opportunities, albeit at a premium. Drawing in flocks of theatre and shopping lovers, the opulence of these waterside districts is not to be overlooked. 

Meanwhile, areas like Graça and Estrela provide a more laid-back atmosphere, ideal for those seeking tranquillity without sacrificing proximity to the city centre. Blending tradition and modernity, these areas are known best for their stunning miradouros (viewpoints), offering unmatched views of the city.   

One of the most notable trends in Lisbon’s property market is the revitalisation of neglected areas such as the riverside district of Alcântara and the industrial-chic hub of Marvila. These emerging neighbourhoods are attracting a young and creative crowd, drawn to their affordable housing options and flourishing cultural scene. Lovers of art and food will find their haven in up and coming neighbourhoods, where local crafts and culinary delights can be found nestled on every corner.  

Living the Lisbon lifestyle: culture, cuisine, and community 

Beyond its architectural splendour, Lisbon pulsates with a vibrant cultural energy. From world-class museums and art galleries to lively markets and street festivals, there’s never a dull moment in the coastal capital. 

Take a leisurely stroll through the narrow alleys of Alfama, where the sounds of Fado music echo through the cobblestone streets, or savour the flavours of Portugal’s rich culinary heritage in one of the city’s many quaint taverns and seafood restaurants. 

For those with a penchant for the outdoors, Lisbon offers ample opportunities to bask in the Mediterranean sun. From surfing along the picturesque coastline of Cascais to hiking in the lush forests of Sintra, nature enthusiasts will find no shortage of adventures in and around the city. 

Counting the cost: understanding the cost of living in Lisbon 

Compared to other major European capitals, Lisbon remains relatively affordable, offering a high quality of life at a fraction of the cost. While prices have been rising due to increased tourism and foreign investment, it remains more budget-friendly than many Western European capitals. 

Rent prices in Lisbon vary depending on location and property type but are generally lower than those in cities like London or Paris. A one-bedroom apartment in the city centre typically rents for around €800 to €1200 per month, while outside the centre, prices may range from €600 to €1000. 

When it comes to daily expenses, Lisbon offers excellent value for money. Groceries, dining out, and transportation are all reasonably priced, allowing residents to enjoy a comfortable lifestyle without breaking the bank. A meal at a mid-range restaurant may cost anywhere from €10 to €20 per person, while a monthly transportation pass can be obtained for approximately €30. 

Learn more about the cost of living in Portugal versus the UK.

Navigating the property market: tips for prospective buyers and renters 

For those considering a move to Lisbon or investing in property, Currencies Direct have a few top tips to get you started:  

• Do your research: Familiarise yourself with Lisbon’s neighbourhoods and property prices to find the best fit for your lifestyle and budget. 

• Seek professional advice: Consider enlisting the services of a local real estate agent or lawyer to guide you through the buying or renting process and ensure a smooth transaction. 

• Visit properties in person: Whenever possible, visit properties in person to get a feel for the neighbourhood and assess the condition of the property firsthand. 

• Factor in additional costs: In addition to the purchase or rental price, be sure to budget for additional expenses such as property taxes, maintenance fees, and utilities. 

We also have a page on buying property in Portugal that goes into more detail, so be sure to take a look.

Embrace the joys of living in Lisbon 

Whether you’re drawn to its diverse properties, vibrant cultural scene, or affordable cost of living, the Portuguese capital has something to offer everyone.  

With offices located amidst Portugal’s old-world charm, why not pop in to Currencies Direct’s Lisbon office today to chat with a member of our friendly team. If you’re looking to buying a property on Lisbon’s stunning shores, we could help you save significant, time, money and hassle on your transfers. 

Whether you’d prefer to reach out by email at lisbon@currenciesdirect.com or speak with us in-branch, find out more by getting in touch today.