Lisbon is a top choice for first-time property buyers due to its vibrant culture, sunny climate, and booming real estate market. With a variety of neighborhoods to suit different lifestyles and budgets, there’s something for everyone. Here are the top 10 neighborhoods in Lisbon for first-time buyers.
1. Alfama
Price Range: €2,500–€5,000/m²
Alfama, Lisbon’s oldest neighborhood, is famous for its historic charm and breathtaking views. It’s ideal for buyers looking for renovation opportunities or short-term rental potential.
Why Choose Alfama?
- Proximity to the city center
- Rich cultural heritage
- High demand for short-term rentals
Keep in Mind: Many properties may require extensive renovations.
2. Graça
Price Range: €2,200–€4,500/m²
Graça offers stunning hilltop views, a local vibe, and affordable properties. It’s perfect for first-time buyers seeking a relaxed yet authentic Lisbon experience.
Why Choose Graça?
- Scenic city and river views
- Green spaces and local amenities
- Excellent transport links
Keep in Mind: Steep streets can be challenging.
3. Cais do Sodré
Price Range: €3,000–€5,500/m²
This revitalized district is now a hotspot for trendy living. It’s ideal for buyers wanting modern apartments close to Lisbon’s nightlife and waterfront.
Why Choose Cais do Sodré?
- Vibrant atmosphere with bars and restaurants
- Excellent public transport connections
- Strong short-term rental potential
Keep in Mind: Prices are higher due to its popularity.
4. Alcântara
Price Range: €2,000–€4,000/m²
Alcântara blends industrial charm with modern living. It’s a great option for buyers seeking affordability and growth potential near Lisbon’s city center.
Why Choose Alcântara?
- Affordable compared to central areas
- Young, vibrant atmosphere
- Convenient transport options
Keep in Mind: Some areas still have an industrial feel.
5. Areeiro
Price Range: €3,000–€5,200/m²
Areeiro is a peaceful residential area with excellent transport links and family-friendly amenities. It’s a quieter alternative to the bustling city center.
Why Choose Areeiro?
- Tranquil, family-oriented neighborhood
- Proximity to business districts
- Well-connected transport system
Keep in Mind: Property prices are higher than in outer districts.
6. Baixa
Price Range: €3,500–€6,000/m²
Baixa, the heart of Lisbon, is known for its stunning architecture and lively atmosphere. It’s a premium option with excellent rental potential.
Why Choose Baixa?
- Central location
- High demand for rentals
- Iconic squares and landmarks
Keep in Mind: Prices are among the highest in Lisbon.
7. Mouraria
Price Range: €2,000–€4,500/m²
Mouraria offers an authentic, multicultural vibe with affordable prices. It’s an excellent choice for first-time buyers wanting a property in an up-and-coming area.
Why Choose Mouraria?
- Vibrant and diverse culture
- Affordable compared to central neighborhoods
- Growth potential as the area gentrifies
Keep in Mind: Some properties may need renovation.
8. Campo de Ourique
Price Range: €3,500–€6,000/m²
This family-friendly neighborhood is popular for its peaceful atmosphere and strong local community. It’s great for buyers seeking long-term living options.
Why Choose Campo de Ourique?
- Quiet streets with parks and schools
- High quality of life
- Excellent rental demand
Keep in Mind: Prices are rising due to its popularity.
9. Príncipe Real
Price Range: €3,500–€7,000/m²
Príncipe Real combines tradition with modernity. It’s a trendy neighborhood with boutique shops, parks, and a strong expat community.
Why Choose Príncipe Real?
- Trendy, vibrant atmosphere
- Excellent transport links
- Strong potential for appreciation
Keep in Mind: Higher property prices.
10. Beato
Price Range: €1,800–€3,500/m²
Beato is a hidden gem east of the city center. This quiet, artistic neighborhood offers affordable properties with future appreciation potential.
Why Choose Beato?
- Affordable entry point
- Thriving creative and cultural scene
- High potential for long-term growth
Keep in Mind: Gentrification is still in progress.
Conclusion
Lisbon offers a range of neighborhoods for first-time buyers, from historic Alfama to trendy Príncipe Real. Whether you’re looking for affordability, family-friendly living, or rental potential, Lisbon has the perfect neighborhood to meet your needs. As the market continues to grow, early investment in these areas could yield significant rewards.
