Overview of the property market in Lisbon: information for future owners

The western corner of Europe is a place where ocean freshness meets the comforts of modern life. Property in Portugal opens up opportunities for a radical change of lifestyle. Let’s talk about it in more detail.

The energy of the Atlantic: why property in Portugal is in such demand

Living by the ocean has a special atmosphere – fresh breezes and endless expanses energise every day. Owning a property in this location is a symbol of quality living, where environmental friendliness is combined with European comfort. The Atlantic gives the opportunity to feel a part of nature, improving both physical and mental health.

Advantages of living near the ocean:

1. Clean air promotes health.
2. The climate is mild, without sharp temperature fluctuations, which makes everyday life comfortable.
3. Lusitania’s beaches are regarded as some of the best in Europe – there’s always a chance to exercise or relax on the coast.
4. There is a lack of industrial pollution, making the coast an ideal location for those seeking an eco-friendly lifestyle.

The pros of buying property in Portugal for investment: financial wisdom

The demand for housing by the endless waters is constantly growing, attracting investors interested in reliable assets. Tourism and the demand for rentals by the sea contribute to a stable income.

Benefits of investment:

1. Profitability: The possibility of renting out the property guarantees a stable income.
2. State support: The “golden visa Portugal” programme attracts investors.
3. Growing demand: Tourism is on the rise, which increases the demand for short-term rentals.
4. Investor benefits: Lower taxes on rental income for residents, making the market even more attractive.

An oceanfront villa or an apartment in the city?

Choosing between a villa by the ocean and an apartment in the city centre is a toss-up between different styles of everyday life.

Oceanfront villa – the advantages:

1. Total privacy and proximity to nature.
2. Beautiful ocean views.
3. Opportunity to create a personal oasis with swimming pool and garden.
4. Freedom in architectural solutions and the opportunity to develop the territory according to your taste.

Apartments in the city – amenities:

1. Developed infrastructure in walking distance.
2. Close proximity to cultural centres, restaurants and shops.
3. Great option for renting out.
4. Maintenance and security that reduces household hassles and makes life more comfortable.

Property in Lisbon and Porto – at the heart of Portuguese culture

Lisbon is a capital city where every neighbourhood has its own unique flavour. Investing in property here provides access to the best schools, restaurants, as well as opportunities for cultural enrichment. The city is home to numerous cultural sites – museums, theatres and galleries – making it an ideal destination for those who appreciate art and history.

Porto is famous for its wineries and ancient architecture. Here you can find both cosy apartments and luxury villas overlooking the Douro River. The city is famous for its half-timbered buildings, narrow streets and ancient bridges, which creates a unique atmosphere and adds a special charm to life here.

“Golden Visa”: how property in Portugal opens borders

The programme provides unique opportunities for investors. Acquiring square metres in the Lisbon Republic allows you to obtain a residence permit, which opens the door to life in Europe without unnecessary bureaucratic hurdles.

Benefits:

1. Travelling without visas: a chance to visit the Schengen area.
2. Possibility of obtaining citizenship after 5 years.
3. Stable investments: Portugal is one of the safest and most stable markets in Europe.
4. Attractive conditions for families: the visa is extended to family members, making the programme particularly convenient for those planning to move with loved ones.

Property in Portugal for permanent residence

For those who are looking for a calm and measured place for permanent residence, property in the Atlantic state will be an excellent solution. There is a high level of security, warm climate and developed infrastructure.

Slow life style living:

1. A calm rhythm helps to reduce stress.
2. Excellent medical care available to residents.
3. High quality food products, developed farming.
4. A community of friendly and welcoming people, which facilitates a quick adaptation and a sense of belonging to the local culture.

Investing in commercial property in Portugal: hotels, offices and restaurants with the ocean as a backdrop

Investing in commercial objects is an opportunity to get high returns in the context of the growing tourist popularity of the country. Hotels, restaurants and office space in sought-after regions offer excellent prospects.

Key areas of focus:

• Hotels by the ocean: high tourist flow guarantees a stable income.
• Lisbon offices: the rise of technology and the influx of start-ups are creating demand for workspaces.
• Restaurants and cafes: Portuguese cuisine is known for its uniqueness and gastrotourism attracts many visitors.
• Retail spaces: shops and shopping arcades in tourist areas provide a constant flow of customers and high revenue.

Conclusion

The Atlantic breeze, culture, stability of Portugal is a great choice for those who want to change life and increase capital with the purchase of property in the land of sailors. It offers horizons that one can only dream of – from relaxing beach holidays to active participation in the cultural life of Lisbon and Porto.

Considering Lisbon for a move? Portugal’s capital city offers a number of advantages to Russians, from its warm climate and rich history to its European standard of living and relatively easy adaptation. Lisbon is a city where majestic architecture, breathtaking views of the Atlantic and the dynamism of modern European life meet, intertwined with a measured southern pace. It offers good opportunities for living, business and investment.

In this article we will tell you in detail about life in Lisbon for Russians. Our material will help to thoroughly understand all the details: from the cost of living to the prospects of buying property.

Pros and cons of living in Lisbon

Living in the capital of Portugal has many advantages. Lisbon is famous for its mild Mediterranean climate. In summer the temperature stays between 28-30 °C, and in winter it rarely drops below 10 °C. The city has wide beaches that are open all year round. Lisbon is an ideal place for lovers of surfing and other water sports. The city’s infrastructure is developed at a high level. Metro, buses, trams – all types of transport operate on schedule. Lisbon Airport accepts flights from all over the world, which is convenient for travellers.

The cost of living in Lisbon is relatively low compared to other European capitals. For example, renting a one-bedroom flat in the city centre costs 900-1200 euros a month, and a meal in a middle-class restaurant costs 15-20 euros. The city also offers opportunities for quality education. Study in Lisbon takes place in world-renowned universities such as Universidade de Lisboa and Universidade Nova de Lisboa. There are many international schools with instruction in English, which is convenient for families with children.

The disadvantages of living in Lisbon

The pros and cons of living in Lisbon go hand in hand. The disadvantages include bureaucracy and a lengthy paperwork process. For example, it can take several months to obtain a residence permit (VNG).

Another disadvantage is high income and property taxes. For example, property tax in Lisbon varies from 0.3% to 0.8% per year of the assessed value of the dwelling. Traffic congestion and traffic jams can be a problem during rush hour. The narrow streets of the historic centre are not always suitable for modern transport. In addition, tourists flood the city in the summer, which increases prices for services and rentals.

Peculiarities of buying property in Lisbon

Property in Lisbon attracts Russian buyers due to the variety of offers. In the city you can find both old flats with high ceilings in the districts of Bairro Alto and Alfama, and modern flats in the Park of Nations. The cost per square metre in the central areas ranges from 4000 to 7000 euros, and in the suburbs you can find housing at prices from 2500 euros per square metre.

Lisbon is divided into the old and new city. The old city has historical architecture, narrow streets and famous trams. The new city offers modern residential complexes, shopping malls and business centres. Buying property in these areas is suitable for investment and personal residence.

How the process of buying a property works

There are several steps required to purchase a home. First, a preliminary contract is signed with the seller. The buyer pays a deposit of 10% of the cost of housing. Then the object is checked for legal cleanliness. After that, the parties sign the main contract at a notary.

The following documents will be needed for the transaction:

1. Buyer’s Passport.
2. Portuguese Tax Number (NIF).
3. Extract from the land registry.
4. A document of the appraised value of the property.

Once the contract is signed, the buyer pays property transfer tax (IMT), which ranges from 2% to 8%. Notary fees and title registration are also required.

How to get a residence permit in Lisbon through buying a property

One of the ways to get a foothold in Lisbon is to participate in the Golden Visa programme. An investor buys a property worth 500,000 euros or more and receives a residence permit for 1 year with subsequent extension. After 5 years, it is possible to apply for permanent residence and, subsequently, for Portuguese citizenship.

The best neighbourhoods in Lisbon to live in

Lisbon is divided into several interesting neighbourhoods for living and investing. Among them stand out:

1. Bairro Alto is the historic centre, famous for its narrow streets, bars and restaurants. A great choice for nightlife lovers and active leisure travellers.
2. Alfama is the city’s oldest neighbourhood with stunning views of the Tagus. It is home to old buildings, fado clubs and cosy cafés. The cost of accommodation is higher than average due to its popularity with tourists.
3. Parc des Nations is a modern neighbourhood with new residential complexes, waterfront and developed infrastructure. A great option for families and investors looking for modern housing.
4. Ajuda is a quiet and inexpensive area where you can find flats priced at 2500-3000 euros per square metre. Suitable for those who prefer to live away from the tourist flows.
5. Cascais and Estoril are suburbs of Lisbon offering luxury villas and flats by the ocean. The cost of real estate here starts from 5000 euros per square metre.

Family neighbourhoods and infrastructure

For families with children, proximity to schools and kindergartens is important. Living in Lisbon with children for Russians is comfortable due to the presence of international schools such as Carlucci American International School of Lisbon and St. Julian’s School. These schools offer programmes in English and a high level of education.

The infrastructure of neighbourhoods such as Oeiras and Almada includes parks, playgrounds and sports complexes. Transport links allow quick access to the city centre.

Features of life in Lisbon for Russians

Life in Lisbon is made easier for Russians thanks to the loyal attitude of the Portuguese towards foreigners. Many locals speak English, which makes communication easier. Portuguese culture combines southern emotionality and European openness.

Russian communities are actively developing in Lisbon. Russian-speaking doctors, lawyers and business consultants work in the city. There are shops with familiar products and cafes offering Russian cuisine.

Language barrier and obtaining documents

Knowing Portuguese makes it much easier to adapt. Language courses are available in language schools and online. In order to obtain a residence permit or permanent residence permit, it is necessary to pass a basic language proficiency exam (A2).

The process of obtaining a visa to Portugal for Russians requires the preparation of a number of documents, such as a certificate of income, health insurance and proof of residence. After moving in, an application for a residence permit is submitted. After 5 years one can apply for a residence permit and subsequently for Portuguese citizenship.

Cost of living in Lisbon

The cost of living is lower than in other European capitals such as Paris or London.

Rental Housing:

1. One bedroom flat in the city centre – 900-1200 euros per month.
2. A two-bedroom flat – 1400-1800 euros.

Products:

1. Bread costs 1 euro.
2. A litre of milk is €0.90.
3. Chicken fillet – 6 euros per kilo.

Transport:

1. A monthly pass is 40 euros.
2. Taxi around the city – 10-15 euros per trip.

Utility payments and taxes

Utilities cost an average of 100-150 euros per month for a 70 square metre flat. This includes electricity, water, gas and internet. Property taxes in Lisbon include an annual IMI tax (0.3%-0.8% of the value of the property). When buying a home, the IMT tax is paid, which is up to 8% of the value of the property.

Conclusion

Life in Lisbon for Russians combines comfort, warm climate and European standard of living. The city offers opportunities for business, investment and quiet living. Moving requires careful preparation, but the advantages – a mild climate, affordable housing and developed infrastructure – make Lisbon an attractive choice for many Russians.