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Greater Lisbon

Pastel facades tumble down seven hills to the Tagus, yellow trams grind past miradouros, and the old riverfront quarters give way to glassy Parque das Nações and the surf-and-commuter towns strung along the Cascais line. This is Portugal’s densest, most sought-after property market.

Last updated · First published

What does property cost in Greater Lisbon?

The figures below are the latest official medians for the region, each shown beside its reference period and INE source. Transacted (sold) prices are drawn from INE’s house-price statistics; the national median is shown alongside so you can see how the region compares.

Median sold price · Greater LisbonSold · INE

€3,598/m²

Grande Lisboa

1st Quarter 2026Instituto Nacional de Estatística (INE), Portugal
CC BY 4.0
Median sold price · PortugalSold · INE (national)

€2,168/m²

Portugal

1st Quarter 2026Instituto Nacional de Estatística (INE), Portugal
CC BY 4.0
Median new-lease rent · Greater LisbonRent · INE

€15.24/m²

Grande Lisboa

2nd Quarter 2026Instituto Nacional de Estatística (INE), Portugal
CC BY 4.0

Region-level only — INE does not publish a concelho-level rent series for Greater Lisbon.

How Greater Lisbon sold prices have moved

Median sold price · Greater Lisbon, last 12 months (line, left axis) against dwellings sold in the last 12 months (bars, right axis).

Q4 2019 → Q1 2026Latest data: Q1 2026

Median sold price · Greater Lisbon: Instituto Nacional de Estatística (INE), Portugal · indicator 0012234 (dim3=H1) · retrieved 2026-08-12 · CC BY 4.0

Sold in last 12 months: Instituto Nacional de Estatística (INE), Portugal · indicator 0014363 · retrieved 2026-10-02 · CC BY 4.0

Show the data as a table (26 quarters)
Every quarter in the chart (Q4 2019 – Q1 2026).
QuarterMedian sold price · Greater Lisbon (last 12 months, €/m²)Sold in last 12 months (dwellings)
Q1 20263,59829,955
Q4 20253,43930,838
Q3 20253,29631,851
Q2 20253,16531,938
Q1 20253,02530,713
Q4 20242,93929,011
Q3 20242,85626,709
Q2 20242,78225,102
Q1 20242,76924,522
Q4 20232,74024,826
Q3 20232,69125,458
Q2 20232,61527,024
Q1 20232,53728,893
Q4 20222,45430,789
Q3 20222,39532,285
Q2 20222,31932,541
Q1 20222,24132,266
Q4 20212,16130,608
Q3 20212,09229,224
Q2 20212,05327,699
Q1 20211,99825,232
Q4 20201,99526,441
Q3 20201,94727,839
Q2 20201,90529,610
Q1 20201,87532,082
Q4 20191,82032,147

Asking vs sold

Asking-price data pending — we publish an asking figure only from a licensed source, never scraped listings, and we always label it separately from the sold (INE) median so the two are never conflated.

What does each type of property cost in Greater Lisbon?

Two official medians, kept deliberately apart. Bank appraisals are what lenders valued homes at; registered sales are what buyers actually paid. They are measured differently, published on different cadences, and are never averaged together.

Flats vs villas

Bank appraisal · INE · €/m²

Median value of bank evaluations on housing — what lenders valued property at for mortgage purposes. It is a valuation opinion, not a transacted price, so it is never mixed with the sale medians below.

Median flats vs villas price per square metre in Greater Lisbon
FlatsMedian€3,487€/m²PeriodAugust 2026
VillasMedian€2,918€/m²PeriodAugust 2026
All housingMedian€3,414€/m²PeriodAugust 2026

Instituto Nacional de Estatística (INE), Portugal — CC BY 4.0. Each row carries its own reference period, shown above.

New vs existing homes

Sold · INE · €/m²

Median value of registered dwelling sales — what buyers actually transacted at, split by whether the home was newly built or already existing. This is the sold family; it is never mixed with appraisals.

Median new vs existing homes price per square metre in Greater Lisbon
New dwellingsMedian€4,172€/m²Period1st Quarter 2026
Existing dwellingsMedian€3,526€/m²Period1st Quarter 2026
All dwellingsMedian€3,598€/m²Period1st Quarter 2026

Instituto Nacional de Estatística (INE), Portugal — CC BY 4.0. Each row carries its own reference period, shown above.

Prices are one part of the picture. Below, see how Greater Lisbon sits through the market cycle — bank appraisals against sold prices, transaction activity and rents, each drawn live from INE with its source and reference period.

Where exactly in Greater Lisbon?

Those trends describe Greater Lisbon as a whole. Below, place it on the map to see exactly where they apply — and, where the data allows, how prices vary from one part of the region to the next.

Greater Lisbon on the map

The 9 municipalities that make up Greater Lisbon. Select a municipality to open its concelho guide.

CascaisLisboaLouresMafraOeirasSintraVila Franca de XiraAmadoraOdivelas
  1. 1. Cascais
  2. 2. Lisboa
  3. 3. Loures
  4. 4. Mafra
  5. 5. Oeiras
  6. 6. Sintra
  7. 7. Vila Franca de Xira
  8. 8. Amadora
  9. 9. Odivelas

Boundaries: Direção-Geral do Território — Carta Administrativa Oficial de Portugal (CAOP2025) — source — CC BY 4.0 (DGT)

What is living in Greater Lisbon like?

Knowing where a property sits is only half the decision — the other half is what daily life there is like. Here are the liveability signals we can source for Greater Lisbon today, each added as the data becomes available.

HealthcareINE · health access & supply

15.3doctors/1k inhab.

Medical doctors per 1,000 inhabitants · S7A2025

Instituto Nacional de Estatística (INE), PortugalCC BY 4.0

0.4pharmacies/1k inhab.

Pharmacies per 1,000 inhabitants · S7A2025

Instituto Nacional de Estatística (INE), PortugalCC BY 4.0

31hospitals

Hospitals · S7A2024

Instituto Nacional de Estatística (INE), PortugalCC BY 4.0

ConnectivityINE · fixed broadband

334,351accesses

Fixed broadband Internet accesses · S7A2025

Instituto Nacional de Estatística (INE), PortugalCC BY 4.0

SafetyINE · reported crime

60.1

crimes/1k residents

Registered crimes per 1,000 residents · 2025 crime counts over 2021 resident population

Derived: registered_crimes / population_2021 * 1000

Instituto Nacional de Estatística (INE), PortugalCC BY 4.0

CoastINE · Blue Flag beaches

19beaches

Blue Flag beaches (regional total) · S7A2026

Regional total (NUTS3) — shared across the surrounding region, not this municipality alone. NUTS regional total broadcast to member concelhos — the WHOLE region's count, NOT this concelho's own; never sum across concelhos.

Instituto Nacional de Estatística (INE), PortugalCC BY 4.0

ClimateIPMA · monthly temperature

13°C–31°C

Observed range · August 2025 – October 2026

Coolest: mean daily low, November 2025 · Warmest: mean daily high, September 2026

Not a full-year normal — our IPMA observations cover August 2025 – October 2026, so the coldest winter months are not represented.

IPMA — Instituto Português do Mar e da AtmosferaFree reuse with attribution to IPMA (open-data)

Explore the full climate strip →

Greater Lisbon at a glance

Greater Lisbon (Grande Lisboa) spans the capital and its ring of concelhos — from Lisbon city itself out to Cascais, Sintra, Oeiras, Loures and Amadora. It is the deepest and most liquid housing market in the country, and its transacted prices run consistently ahead of the national median shown below.

Because demand concentrates on the coastal and central concelhos, the region average masks a wide spread: the citable figures on this page are the official medians for the region as a whole. Concelho-level pages are planned so the intra-region gap can be shown with the same provenance discipline.

What are the rules and costs in Greater Lisbon?

Lifestyle is the human side of the decision; the rules and costs are the practical one. These are the two rules that shape most purchases in Greater Lisbon — plus the guides and calculator to model your all-in costs.

Two rules shape most purchases here — whether a property can be let short-term, and what it costs to hold each year — followed by the guides and calculator to model your full purchase.

Can you run a short-term rental here?

Short-term letting (Alojamento Local, AL) in Greater Lisbon is regulated at the municipal level: several concelhos operate zonas de contenção that suspend or restrict new AL registrations, and national rules under the Alojamento Local regime (Decreto-Lei 128/2014, as amended) set the registration and operating requirements. Restriction status varies by concelho and changes over time.

This is general information, not legal advice — confirm the current status for a specific address with the relevant câmara municipal before assuming a property can be operated as AL.

What about annual property tax (IMI)?

Municipal Property Tax (IMI) is levied annually by each concelho within a band set nationally, so the exact rate depends on the municipality and the property’s taxable value (VPT). Any specific rate we publish is sourced from the official register with its reference year; where the warehouse cannot yet source a rate for this region it is shown as pending rather than estimated.

Common questions about Greater Lisbon

How much does property cost per square metre in Greater Lisbon?
In Grande Lisboa, the median transacted (sold) price is about €3,598 per square metre (1st Quarter 2026). For comparison, the national median sold price is about €2,168 per square metre (1st Quarter 2026). Source: Instituto Nacional de Estatística (INE), Portugal, CC BY 4.0.
How much do flats and villas cost per square metre in Greater Lisbon?
In Grande Lisboa, the median bank appraisal value is about €3,487 per square metre for flats and €2,918 per square metre for villas (August 2026). These are lender valuations for mortgage purposes, not transacted prices. Registered sales — what buyers actually paid — ran about €4,172 per square metre for newly built homes and €3,526 per square metre for existing homes (1st Quarter 2026). Source: Instituto Nacional de Estatística (INE), Portugal, CC BY 4.0.
What is the average rent per square metre in Greater Lisbon?
In Grande Lisboa, the median new-lease rent — what tenants pay to let, a separate measure from any sale or asking price — is about €15.24 per square metre (2nd Quarter 2026). Source: Instituto Nacional de Estatística (INE), Portugal, CC BY 4.0.
What is the climate like in Greater Lisbon?
Over the August 2025 – October 2026 climate observations available for Greater Lisbon's anchor municipality, the mean daily low reached about 12.6°C (in November 2025) and the mean daily high about 31.4°C (in September 2026). This is the observed range for that window, not a full-year normal: our IPMA observations do not span a full calendar year, so the coldest winter months are not represented. Source: IPMA — Instituto Português do Mar e da Atmosfera, Free reuse with attribution to IPMA (open-data).
What is the reported-crime rate in Greater Lisbon?
Greater Lisbon's anchor municipality records about 60.1 crimes/1k residents (Registered crimes per 1,000 residents, reference period 2025 crime counts over 2021 resident population). Derived as registered_crimes / population_2021 * 1000. Source: Instituto Nacional de Estatística (INE), Portugal, CC BY 4.0.
What healthcare access does Greater Lisbon have?
Greater Lisbon's anchor municipality reports medical doctors per 1,000 inhabitants: 15.3 doctors/1k inhab., reference period S7A2025; pharmacies per 1,000 inhabitants: 0.4 pharmacies/1k inhab., reference period S7A2025; hospitals: 31 hospitals, reference period S7A2024. Source: Instituto Nacional de Estatística (INE), Portugal.
What is internet connectivity like in Greater Lisbon?
Greater Lisbon's anchor municipality reports fixed broadband internet accesses: 334,351 accesses, reference period S7A2025. Source: Instituto Nacional de Estatística (INE), Portugal.
How many Blue Flag beaches does Greater Lisbon have?
Greater Lisbon's anchor municipality reports blue flag beaches (regional total): 19 beaches (regional total, shared across the surrounding region), reference period S7A2026. Source: Instituto Nacional de Estatística (INE), Portugal.

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Municipalities in Greater Lisbon

Every municipality below has its own page, held to the same provenance discipline: a figure appears only when the warehouse can source it, shown with its INE source and reference period. Where it cannot, the page says so in place of the figure. Never an estimate.

We publish a number only when the warehouse can source it. Many of the series shown here, including the sold-price median, are listed in the public data registry with their official sources, reference periods and licences. The dwellings-sold bars in the price chart print their source, INE indicator code and licence under the chart.

Buying in Greater Lisbon?

Map the numbers on this page to your specific purchase. Speak with an advisor about costs, timeline and paperwork.

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