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Nov 30, 2017

Rental yields on both Lisbon District houses and apartments are good.

Last Updated: Nov. 30, 2017
Lisboa District COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
Cascais apartments 334,183 1,878 6.74% 3,125 16.96
Lisboa apartments 347,507 1,578 5.45% 3,830 15.10
Oeiras apartments 251,390 1,126 5.37% 2,383 11.53
Lisboa District
Cascais houses 516,546 2,551 5.93% 2,742 11.60
Lisboa houses 397,376 1,797 5.43% 2,937 15.72
Oeiras houses 413,057 2,117 6.15% 2,092 13.19
Faro District apartments 173,250 651 4.51% 1,875 6.54
Porto District
apartments 164,807 918 6.68% 1,422 8.30
houses 277,402 1,381 5.97% 1,135 5.66
Setubal District
apartments 119,253 547 5.50% 1,232 6.24
houses 265,163 1,200 5.43% 1,346 6.70
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: CasaSapo Definitions: Data FAQ See also: Update Schedule

Lisbon´s property market is now reasonably priced. Comparatively speaking, Lisbon housing prices are among Europe´s lowest:

  • an 85 square metres (sq. m.) Lisbon apartment in an elite area may cost around EUR 200,000 to buy.
  • a 120 sq. m. Lisbon apartment may cost around EUR 300,000 to buy.
  • a 250 sq m. Lisbon apartment may cost around EUR 840,000

How much will you earn? Apartment yields in Lisbon District range from 4.5% to 6.7%, with smaller apartments earning proportionately more. These are good yields and the purchase price is attractive for a European capital city, though Lisbon is hardly at the centre of things. Villas in Lisbon have similar gross rental yields.

Cascais apartments can generate excellent returns at 6.7%, while houses in Oeiras can generate surprisingly good returns at 6.15%

In Faro, Algarve, a 120 sq. m. apartment costs on average EUR 1,870 per sq. m., or EUR 215,000. Apartments in Faro return rental yields of around 4.5%.

Our rental yields figures assume long-term lets; short-term rentals may earn higher returns.

Conclusion: after many years on the back-burner, Lisbon is looking good. Tourist interest in the centre of Lisbon is enormous, so the option of letting via Airbnb is there for much of the year. Lisbon´s rental yields are comparatively among the highest in Europe, and Lisbon´s price to rent ratios are among Europe´s lowest.

Round trip transaction costs can be high in Portugal. See our property transaction costs analysis for Portugal and Property transaction costs in Portugal, compared to the rest of Europe.


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