Expat Housing Guide: Moving to Lisbon

Lisbon's housing market is currently highly competitive, with demand significantly outpacing supply. Prices have been steadily increasing over the past decade, accelerated by foreign investment, golden visa programs, and the growth of short-term rentals. The city offers a mix of historic buildings with traditional Portuguese architecture (many with 'azulejo' tile facades), renovated apartments in older buildings, and new modern developments. Housing stock ranges from small studios in 18th-century buildings to luxury apartments with river views. The market has become increasingly international, with a significant portion of properties being purchased by non-Portuguese buyers, though recent regulatory changes aim to address affordability issues for locals.