Last updated on May 29, 2024 | Est. Reading Time: 2 minutes
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Discover the vibrant heart of Portugal’s capital in Lisbon City Centre, where a perfect blend of history, culture, and modern living awaits those seeking their dream property. From the charming cobblestone streets of Alfama to the trendy neighbourhoods of Bairro Alto and Chiado, Lisbon’s city centre offers a diverse range of properties to suit every taste and lifestyle.
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Color Wheel Information
Color Meaning for Price and Price m²
The BuyProperty Color wheel compares prices from other properties in the same location with the same characteristics and represents prices using our color coding mechanism.
Property is 20% less than average price
Property is 20% above or below average
Property is 20% more than average price
Color Meaning for Rental Rate Yields
We compare properties in the same area with the same characteristics with properties on popular rental websites then combine average rate for the entire year. We multiply the average rental rate by the occupancy to find the estimated yield for each property.
Yield for this property is over 5%
Yield for this property is 3-5%
Yield for this property is below 3%
Holiday rental rates shows average throughout the year. Rate will be more during the summer and less during winter in general. Estimates are based on properties being refurbished as some properties in disrepair will not be able to get rates listed.
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This opportunity is ideal for those seeking to save or generate income while purchasing property in Portugal, whether it's for personal use or on behalf of others.
How do we calculate the distress level of each property?
A distressed property typically belongs to a bank or is set for a government auction. Buyproperty extends this definition by providing a distress and stress percentage for each property across Portugal. Properties in bank ownership or scheduled for government auction receive a distress rating of 100%. Moreover, Buyproperty evaluates the stress level of all other properties using 27 unique data points. These points consider factors such as the length of time the property has been on the market, the frequency of price reductions, the property type, and whether the local area is facing price declines, among others.
With mild winters, beautiful cobbled streets, and easy access to nearby beaches like Carcavelos and Cascais, Lisbon is an increasingly popular destination for property buyers looking for the capital city that has it all. And there are homes to suit every budget: from cheap properties to luxury dream homes such as penthouse apartments, houses, and luxury villas.
When buying real estate in Lisbon, there are numerous neighborhoods to choose from. Alfama, the oldest district, is known for its narrow streets and stunning river views. Bairro Alto offers a mix of traditional and modern apartments, while Baixa, the downtown area, is home to grand plazas and historic buildings. Chiado is perfect for those seeking a sophisticated lifestyle, as is Príncipe Real.
With its diverse range of neighbourhoods, Lisbon is an attractive destination for property buyers looking for a charming and authentic European experience.