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Principe Real property market in 2022 / 2023 – Prices per sqm meter to buy a home in Lisbon – Portugal

The Principe Real housing market report in 2022-2023 summarises key trends in real estate prices in this area of Lisbon. The analysis covers residencial prices (houses, villas, apartments) and new developments. The report primarily draws on publicly available datasets. This housing market report is updated regularly.


What is the average purchase price of a home in Principe Real?

Information updated: October 10, 2022

Principe Real prices per sqm in 2022 ~ 9 500€

Information on the average purchase price for a home in Principe Real. Average property prices per sqm and by category of property (flat/apartment/villa/house)

LocationProperty typeAverage selling price per sqm
Principe RealFlat / Apartment8 000€/sqm
Principe RealHouse / Villa11 000€/sqm

A word from Principe Real’s real estate expert in Lisbon

«The price per sqm in the district of Principe Real is one of the highest in Lisbon. Definitely Principe Real is a must-consider investment destination of Lisbon, offering many prospects if you are looking for a good location to live.»

Tagus Property

At a Glance

Welcome to Principe Real

On the doorstep of the Bairro Alto of Lisbon, the Principe Real district is a rather residential district (many former small palaces can still be seen) that revolves around the square of the same name (Praça Príncipe Real).

Nevertheless, its proximity to the more touristic and commercial districts of the lower town, easily accessed on foot (Chiado, Rossio, Restauradores, Baixa), and the night life of Bairro Alto, makes Príncipe Real a perfectly pleasant and practical district to live or based yourself in temporarily. In fact, investors such as Eastbanc, the American investment bank, spotted this opportunity and bought several former palaces to convert them into luxury properties or hotels.

In this district can be found squares and gardens ideal for relaxing strolls, and a number of luxury shops such as stunning antique shops, art galleries, but also fine groceries and wine shops as well as museums.

As the district is quite central, you are only a few steps away from Amoreiras, Estrela, Bairro Alto, Chiado and all the districts of the lower city or from the Marqués of Pombal square and many other things to discover.

Good to know

  • This district stands out with several palaces, charming buildings and a growing selection of alternative “bobo” street traders. Principe Real is also one of the most cosmopolitan and fashionable residential districts of Lisbon. All these qualities have generated an increase in the demand in this part of Lisbon, not only to live there but also to invest in. Portuguese and foreigners with alternative lifestyles and investors in the short-term rental market make up most of the residents and investors in what is now one of the most desirable districts in the capital.
  • This is the up-and-coming small district!
  • Fashionable boutiques are blooming in this district popular with Lisboans. To the north of Chiado and Bairro Alto, it is quiet and has a nice view over the city all the way to the 25th of April Bridge.
  • Relax, enjoy a coffee in one of the garden’s kiosks and relax reading in the shade of its gigantic cypress tree (cedro do Buçaco).
  • A good district to live in, particularly as the city centre can be reached on foot.

Some figures…

  • Carcavelos Beach: 20 minutes by train (Cais do Sodré)
  • Cascais: 40 minutes by train (Cais do Sodré)
  • Airport: Humberto Delgado Lisbon Airport : 20 minutes’ drive
  • Train station: Rossio Train Station : 20 minutes’ walk
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Principe Real is in the heart of Lisbon, located between “Chiado” and “Avenida da Liberdade”.

Principe Real is an aristocratic district of the old historic Lisbon

Voted the trendiest district of Lisbon by the journalists of the city, Principe Real has found a second youth thanks to foreign investors. The Praça do Príncipe Real, with its sprawling cypress tree, was fully renovated in 2010 and the surrounding old palaces have also undergone a facelift.

Trendy, chic, bobo style, the district is animated during the day but watch out for the traffic jams after midnight around the Praça das Flores, the historic HQ of the gay population! The area of Amoreiras, the old silk workers district, has been gentrified.

It has been the favourite haunt of fashion victims since the opening of the shopping centre of the same name.

Don’t miss the jewel of the district: the Águas Livres aqueduct.

Around the block

Visit a rather incredible shopping arcade full of local designers who took over in a former palace (Ribeiro Da Cunha – Praça do Príncipe Real, 2). Worth a look!
Not to be missed, the view from the São Pedro de Alcantara belvedere overlooking a magnificent recently renovated French garden. Forming a balcony above the lower town, it offers a breathtaking view over the Tagus and the São Jorge castle.
Located in the basement of the França Borges garden (under the Principe Real garden), it is a marvellous water reservoir built by the water company between 1860 and 1864. With 31 pillars 9.25 m high, it is a bit of an underground cathedral dedicated to water… La Galeria do Loreto and its 410 m tunnel, lined by stone canals bringing water towards the fountains, leads to the light of the Miradouro de São Pedro de Alcântara.

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