Lisbon

Lisbon experienced between 2015 and 2023 an explosion of international demand, driven by climate, taxation (Non-Habitual Resident regime, Golden Visa) and quality of life. Since the Golden Visa rework and partial NHR end, the market has restructured. Premium districts — Chiado, Príncipe Real, Lapa, Estrela, Avenida da Liberdade — show prices of €6,000 to €11,000/sqm. Other areas of the city range from €3,500 to €6,000/sqm. MAPA Property acts as international broker.