An Overview of the Best Luxury Apartments Lisbon Has to Offer

Lisbon is a dream for lifestyle buyers and eagle-eyed investors looking to secure a stunning luxury property in Portugal’s gorgeous capital. From modern apartments with sweeping views of the famous River Tagus to spacious villas where you can enjoy a whole host of home comforts, the City of Seven Hills can certainly step up to the mark and deliver.

In this article, An Overview of the Best Luxury Apartments Lisbon Has to Offer, we’ll provide you with an introduction to luxury property market in Portugal’s captivating capital, outline key locations to find the very best luxury apartments in Lisbon for sale, and then arm you with key insights into the buying process.

An Introduction to Lisbon Luxury Real Estate

The luxury real estate market in Lisbon is a hot topic right now, making 2024 an ideal time to invest in property here. The Portuguese real estate market is dynamic, with real estate prices having been rising rapidly in the past few years and with demand outpacing supply. The Portuguese government has been attempting to rectify this, putting in place a plan to boost the supply of housing in Portugal’s highly sought-after capital.

A recent study in Frank Knight’s Wealth Report highlighted that international investors were 3.8 percent more likely to buy luxury homes in Portugal compared with the previous year. And, with Lisbon being the glimmering centerpiece of the country, there is arguably no better place to put your money. Do remember, however, that Portugal luxury properties can be found in stunning locations across the country, from the popular Algarve region to the historic charm of Porto.

One of the key strengths to investing in the property market in the Portuguese capital is the sheer diversity of Lisbon luxury real estate, from lavishly decorated modern apartments in the center of the city to large houses on the outskirts perfect for families. Retirees will also find beautiful apartments lining the coast on the Portuguese Riviera, between the bright lights of Lisbon and the charming seaside town of Cascais. Cascais itself could also be an incredible option, with several apartments here coming with beautiful ocean views. For proximity to the Portuguese coast, Cascais real estate should certainly be on your radar.

Why choose Lisbon for luxury apartments?

Lisbon manages to strike the perfect balance between tradition and innovation. The city’s historical and cultural significance is combined with the modern amenities and excellent infrastructure that have attracted expats from across the world. From families looking for a better quality of life to retirees looking for a vibrant city to enjoy their retirement to the maximum and investors seeking lucrative property investment opportunities, Lisbon holds all the cards.

Rental yields in the Lisbon Metropolitan Area stand at 6.7 percent, and with demand continuing to outpace supply, there is strong potential for capital appreciation. Should you invest in a luxury apartment in Lisbon, its value is highly likely to increase in the coming years.

Types of Luxury Apartments in Lisbon

As we’ve touched upon, one of the best things about Lisbon is the wide range of property types you’ll find in the city, from modern apartments in the city center to spacious mansions in quieter neighborhoods. You’ll be able to choose from old apartments that have intricate, historic architecture with contemporary interior designs alongside modern apartments, such as those you’ll find in Parque das Naçōes, which is unlike any other part of the city.

You will also come across luxury penthouse apartments which will come with outrageous views of the Tagus River or the city skyline, ground floor apartments, and fancy apartments that are fully equipped with everything that you could possibly need.

Plus, should you be seeking out an unfurnished apartment you will also have options, where you’ll be able to design the interior yourself, completely following your own creativity and preferences.

A Step-by-Step to Buying Luxury Apartments in Lisbon

There are no restrictions on foreign nationals buying property in Portugal and you’ll find the process to be quite straightforward. To make things as easy as possible for you, we’ve broken the steps to buying property in Portugal into the following steps:

• Decide if you require a mortgage to fund the purchase and, if so, determine which option is best suited to your specific situation.
• Find your ideal property in Portugal, which is made much easier by working with real estate professionals who will have access to properties not listed elsewhere on the market.
• Engage in negotiations with the seller. Again, this will be easier should you work with a real estate professional who will understand the market and will be able to negotiate on your behalf.
• Sign a Reservation Agreement to show your interest and take the property off-market. You will be required to pay a reservation fee at this stage.
• Sign a Promissory Contract (CPCV), which is essentially your promise to purchase the property. We recommend that the CPCP be signed in front of a Notary.
• Complete the purchase by signing the Escritura (Final Deed), the final step that formally transfers property ownership over to you, and where you will need to pay the remaining balance of the property price and other outstanding costs.

For more detailed information on each step, feel free to check out our comprehensive guide on buying property in Portugal.

Working with a real estate agent

If you are considering investing in luxury apartments in Portugal, you’ll want to have an expert in the field to help you with the purchase. From identifying prospective neighborhoods that fit your requirements and having access to properties that you will not find elsewhere to guiding you through the intricacies of the property purchase, having a real estate professional by your side is your ticket to a successful and stress-free property-buying process.

It’s important to note that real estate agents in Portugal who work on behalf of the seller will receive a higher commission for a higher sale. On the other hand, a buyer’s agent, like Goldcrest, works solely for the buyer, focusing on meeting their specific needs and safeguarding their interests.

Seek legal guidance

Alongside working with a buyer’s agent or real estate team, we highly recommend enlisting the assistance of a real estate lawyer to ensure you adhere to all the legal requirements. From making sure that the seller has the right to sell to outlining potential issues with the property, having a lawyer by your side could be instrumental in saving you money in the long run.

Financing your new apartment

With more than 15 banks offering mortgages in Portugal, make sure you find the best deal for your situation. You can find out more in our article on getting a mortgage in Portugal for more information.

Luxury Apartments Lisbon: Features and Amenities

Luxury apartments are the crème de la crème of properties in Portugal. The interiors of numerous luxury apartments in Lisbon feature modern finishes, whether it is for a spacious kitchen or an ensuite private bathroom. Many properties also have large windows to make the most of the city’s natural light. If you’ve visited Lisbon before, you may be aware that the city is largely built with light colors, which reflect and scatter the light, creating beautiful cityscapes.

You will find luxury apartments that come with private balconies or rooftop terraces, often offering breathtaking river views if you’re near the coast, alongside those that come with a swimming pool, private gym, or private security. Keep in mind that, as we’ve mentioned, while you can find fully finished luxury apartments in Portugal, there are also options where you can customize the interior to suit your tastes.

Lifestyle in Lisbon

Lisbon is unlike anywhere else in Portugal. You’ll find a thriving expat community, a relaxed pace of life, and an array of activities to get involved in. Whether you are a keen golf player, a water sports fanatic, or are looking to spend some quality time on golden sandy beaches, Lisbon can certainly deliver.

From its excellent gastronomy, art galleries and museums galore, and an array of festivals throughout the year, you’ll get to the heart and soul of what Portuguese life is about.

There are 8 schools in Lisbon City, with a further 20 in the surrounding area, offering children a wide range of curricula, facilities and teaching methods. Should you be considering moving to Lisbon with family, you’ll find an array of options.

Goldcrest: How We Can Help You 

Goldcrest is a buyer’s agent that is based in Lisbon. We provide expert, impartial advice on real estate investments and how to buy property in Portugal. From scouting out the perfect property through to property acquisition, we have you covered throughout the process.

If you are looking to purchase property in Portugal, don’t hesitate to get in touch. Our team of skilled experts is available to solve all your real estate doubts, helping you with the property search and offering insightful expertise and strategic advice.

Why choose Goldcrest?

• Local knowledge: With offices located across Portugal, our presence nationwide allows us to assist you personally across the country.
• Independent service: As an independent buying agent, we do not represent any development or project. Our service is entirely tailored toward each individual client, providing you with everything you need to secure the perfect property at the best possible price. As an impartial advisor on the market, we work solely on behalf of our client and provide a service tailored to your needs and requirements.
• Streamlined process: Our real estate agents speak English and Portuguese, and our service is completely focused on providing you with a hassle-free buying experience, saving you time.
• Experienced team: Our expert real estate team has a vast local knowledge of the Portuguese property market. We have cutting-edge technology and metasearch tools at your disposal to provide full market coverage, ensuring the best investment choices and negotiated prices.
• Network of partners: We have a close network of partners, including lawyers, property management services, builders, architects, designers, and landscape gardeners, again saving you time and hassle by providing you with trusted experts in their field of work.