The Graça housing market report summarises key trends in Graça’s housing market in Lisbon. The analysis covers house prices and new developments. The report primarily draws on publicly available datasets. The Graça housing market (houses & apartments) report is updated regularly.
Prices per sqm in the Graça district in 2021 €4.500€ > €5.500
At a Glance
Welcome to Graça
This peaceful district is located on the highest hill in Lisbon, where camped the troops of Afonso I during the siege of 1147. In the 18th century, Graça welcomed many inhabitants fleeing the areas devastated by the earthquake of 1755. Aristocrats, then traders and bourgeois gave it a unique atmosphere that remains, with streets and squares lined with palaces and azulejos covered apartment buildings.
At the beginning of the 20th century, workers from the industries established on the banks of the Tagus moved into new districts made of two or three floors buildings, such as Vila Berta and the Bairro Estrela d’Ouro, near the Rua Senhora do Monte.
Apart from its quiet atmosphere, one of the many charms of Graça is its miradouros, balcony belvederes overlooking the city.
Good to know
From a central square, the inhabitants enjoy a quiet district life despite the flow of tourists who come to discover this neighbourhood.
Unmissable monuments (São Vicente convent and the Pantheon) are also nearby.
District perched on a hill, facing the Tagus. Very popular for its magnificent viewpoint over Lisbon and the Castle of São Jorge from the mirador of the Church of Nossa Senhora do Monte.
Carcavelos Beach: 20 minutes by train (Cais do Sodré)
Train station: Rossio Train Station : 20 minutes’ walk
Graça is located in downtown Lisbon
Graça is a richly historic district with many fantastic viewpoints of Lisbon
Next to the castle, the graceful Graça district is unique with its romantic belvederes, winding alleys and the white domes of the National Pantheon and the Church of São Vicente de Fora standing out on the skyline. Graça is one of those districts lost in time where, even with tourists present, visitors almost feel like they are sharing the daily life and customs of the locals. Despite the constant stream of visitors, this living district still feels calm and relaxing.
The Feira da Ladra (Fair of the Thief) flea market, held since the dawn of time every Tuesday and Saturday, is at the heart of this harmonious atmosphere between market traders, residents and visitors. It’s difficult to leave Lisbon’s flea market empty-handed!
A word from the real estate expert of Graça district of Lisbon
«A great location, a cosmopolitan district, well served by public transport, the highest hill in Lisbon with breathtaking views… Despite many assets, the property prices in Graça remain fairly low. The average price for a renovated apartment is between €4,500 and €5,500 per sqm. Graça properties offer a strong return potential on the medium and long term as typical and peaceful districts in Lisbon are getting rarer.» For a luxury apartment prices can reach €6,500 per sqm. The average is approximately €5,500.
Graça: real estate market conditions
Prices are quite low, potential for increase is high.
Discover the detailed prices for an apartment in Graça per sqm.
Location: Graça Lisbon
Type of property: Renovated apartment
Lowest average sale price (including agency fees): €4.500 /sqm
Highest average sale price (including agency fees): €5.500 /sqm
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