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:
- Buyer’s Passport.
- Portuguese Tax Number (NIF).
- Extract from the land registry.
- 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:
- Bairro Alto is the historic centre, famous for its narrow streets, bars and restaurants. A great choice for nightlife lovers and active leisure travellers.
- 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.
- 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.
- 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.
- 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:
- One bedroom flat in the city centre – 900-1200 euros per month.
- A two-bedroom flat – 1400-1800 euros.
Products:
- Bread costs 1 euro.
- A litre of milk is €0.90.
- Chicken fillet – 6 euros per kilo.
Transport:
- A monthly pass is 40 euros.
- 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.