Latest news and stories about investment in property in Lisbon, Lisboa, Portugal for expats and residents.
Savills data cited by Dinheiro Vivo and ECO shows Lisbon’s luxury residential market rose about 4.4% last year and could increase between roughly 4% and 5.9% in 2026. The consultancy ranks Lisbon among the top five global cities with high appreciation potential next year, alongside Seoul, Tokyo, Madrid and Cape Town. Buyers, investors and landlords in the capital should factor continued price growth into purchase timing and rental pricing decisions.
Cultural investments via the golden visa scheme have surged, with 85% of total funding occurring in 2024 and 2025, primarily concentrated in the North and Greater Lisbon regions despite a lack of mandatory impact assessments.
Benfica members approved the “Benfica District” project at an extraordinary General Assembly, with 59.24% voting in favour. The development — a campaign pledge of re-elected president Rui Costa — aims to transform the area around the Estádio da Luz, increase stadium capacity and will have material implications for the club's revenue streams, the local property market and urban infrastructure planning.
The opposition praises the increase in investment in the municipal housing company, which has risen by 520% over the last four years. However, they point to the aid from the PRR and note that there are buildings lacking minimum safety standards.
The Banco de Portugal audit board stresses that the cost of the new building in Lisbon will “inevitably” exceed 192 million euros with the finishing works, and requests that the sale of empty buildings be accelerated.
ACA Real Estate, part of the ACA group, is exploring opportunities to build housing in Aveiro, Vila Nova de Gaia, and Lisbon at a rate of 300 homes annually. The company utilizes an operational model that allows for the construction of five buildings per year, each with at least 60 units, targeting the middle class. By acting as developer, designer, and contractor, the Famalicão-based firm claims it can eliminate cost and schedule overruns. Projects are funded by the parent company and capital from family offices. The expansion will focus on their 'Pousio' brand, which has already seen success in Porto and Guimarães. These projects, which include amenities like gyms and coworking spaces, represent an investment exceeding 200 million euros.
Filippo Macchi, the Italian entrepreneur behind the Nobile Group, is expanding his business portfolio in Portugal, spanning sectors from car rentals and hospitality to luxury dining. With a total investment plan of 77 million euros by 2027, the group aims to grow its Sicily by Car fleet, enter the boutique hotel market in Lisbon and Comporta, and launch a new luxury restaurant in the capital, despite concerns over real estate speculation.
Sérgio Runa, manager of SIL, highlights this year's event focus on new housing models
Portugal continues to attract interest from international investors, according to Diário Imobiliário.
João Cília, CEO of Porta da Frente Christie’s, warns that Portugal builds only 25,000 new homes annually against a need for 70,000, causing supply shortages across all segments, including luxury. High-end supply has dropped by nearly 25% since 2021, driving prices up by 8.5% last year. Growth in the luxury sector is hindered by a lack of available property in prime locations like Lisbon and Cascais, though expansion is occurring in areas near the Algarve's 'Golden Triangle' and the coast towards Sines. Despite geopolitical tensions, Cília remains optimistic for 2026, citing strong domestic demand supported by falling interest rates and continued interest from international investors, particularly from Brazil and the US.
Anidaport, a real estate company of the BBVA group, has sold a plot of land for a residential project in central Lisbon to the developer Vizta. Located on Rua Sarmento Beires, between Areeiro and Alto do Pina, the asset includes an architectural plan for a housing development with 7,921 square metres of gross area.
Benfica District is currently the most ambitious project in the history of the club from Luz and, according to Nuno Catarino, also the most attractive to international investors. The financial officer of Benfica SAD reveals, in this second part of his interview with ECO (read the first part of the interview here), that interest in the megaproject...
The construction project for one of Lisbon's first branded residences, featuring the Karl Lagerfeld brand, was approved this Wednesday during a Lisbon City Council meeting, as confirmed to ECO/ECO Avenida by Pedro Vicente, CEO of Overseas, the developer behind the project. The building is located at Rua Braancamp 48-48A and 50-50B, in the parish of Santo António.
Our guest today is Bobby O’Reilly, the straight-talking Irish investor-developer behind projects in Lisbon and the ‘Margem Sul’, who saw Ireland’s Celtic Tiger boom and bust first-hand and is now The post Fixing Portugal’s housing crisis – Interview with Bobby O’Reilly appeared first on Portugal Resident.
The price per square metre in Lisbon had already reached its highest value ever in the third quarter of 2025, at five thousand euros.
The architectural project for the Karl Lagerfeld Residencies Lisbon is expected to be approved at a council meeting on Wednesday. The development will be built on Rua Braancamp and involves the demolition of two buildings.
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The government also indicates that Estamo will hold more public auctions by the end of the year.
The building on Avenida Visconde de Valmor was sold for 15.7 million, 2.7 million above the base value. The one on Rua Filipe Folque was sold for 5.2 million. There will be two more auctions this year.
The OECD publishes interim economic outlooks. The INE releases quarterly national accounts by sector, accompanied by the release of Bank of Portugal data on the banking system. Engel & Völkers presents a report on housing, and on the Lisbon stock exchange, Glintt releases its annual results. The OECD updates its outlook for the global economy.
PLMJ advised Actium Capital, a Portuguese investment and consulting firm, on the acquisition of the Castilho 165 building in Lisbon from Tristan Capital Partners, a real estate investment manager. The PLMJ team that advised Actium Capital throughout all stages of the acquisition was led by Ricardo Reigada Pereira, partner and co-coordinator of the area of...
PLMJ advised the Yael Foundation, a philanthropic organisation, on the acquisition of the Impala Building, the headquarters of the Impala Group. The PLMJ team involved in the operation was led by partner and co-coordinator of the Real Estate and Tourism practice Ricardo Reigada Pereira, with the participation of coordinating associate Hélder Santos Correia and associate Miguel André.
Increasing housing supply and facilitating access through direct support or tax incentives were the goals set by the AD government when it presented its 'Construir Portugal' strategy in May 2024. Nearly two years later, the measures have not been able to stem the continuous rise in house prices, which climbed nearly 18% in the third quarter of 2025 year-on-year. The average price per square metre nationwide reached 3,000 euros, rising to 4,500 euros in Lisbon, which is a major source of dissatisfaction for the Portuguese people. Repeatedly breaking records, real estate inflation has been the combined effect of a deficit in new construction and available properties, a very rapid and constant increase in demand—driven by tourism, immigration, digital nomads, and golden visas—and a lack of units on the market at controlled prices. To address the supply shortage, the government aims to accelerate the Recovery and Resilience Plan (PRR) to build 25,000 homes and finally release public buildings for affordable housing. Another change involves revising the Land Law to allow rustic land to be used for sustainable housing, such as affordable rentals or controlled-cost housing. More disruptive measures include support for young people and the middle class to buy homes, such as IMT and Stamp Duty exemptions for those under 35 buying their first home up to 316,000 euros, alongside a public guarantee for 100% bank financing. Regarding foreign investment, the government introduced 'cooling measures' by increasing IMT to 7.5% for non-residents to curb speculative demand, while offering exemptions for those who become tax residents and commit to moderate-rent leases. In the rental sector, the government led by Luís Montenegro revoked forced leasing of vacant homes, reduced construction VAT to 6%, and lowered the IRS tax rate on rental income to 10% for landlords offering moderate rents. However, the 'moderate rent' cap was set at 2,300 euros per month, a figure considered high for the middle class. Additionally, restrictions on local accommodation licensing were revoked, and new measures were announced to facilitate the market entry of properties in undivided inheritance processes.
