Overseas purchases of property for refurbishment in Lisbon fall 12%

Foreign investment in the housing market in Lisbon’s Urban Rehabilitation Area (ARU) slowed again in 2025, with a 12% reduction in the number of homes acquired compared to the previous year.

Even so, invested capital remained relatively stable, supported by the increase in the average value of transactions.

The data comes from Confidencial Imobiliário, referring to the dynamics of residential investment in Lisbon’s ARU, a territory that encompasses all parishes of the city except Lumiar, Santa Clara, and Parque das Nações.

International investors acquired 1,390 residential properties in Lisbon’s ARU throughout 2025, 180 fewer units than in 2024 and the lowest level of activity since 2017.

Despite this contraction, total investment reached €879.5 million, only 3% below the €906.5 million recorded in the previous year.

The evolution of the market reveals a change in the profile of international demand.

Although less active, foreign buyers continue to demonstrate high financial capacity and greater willingness to invest in higher-value assets. As a result, the average ticket price per transaction increased by 10%, from €575,600 in 2024 to €631,800 in 2025.

In 2025, the Lisbon Urban Rehabilitation Area (ARU) had buyers from 64 nationalities, confirming the consolidation of the Lisbon residential market in the international context.

Source: Confidencial Imobiliário.