Famous for its hills and for its narrow and steep streets, which combine history and charm, Lisbon is the westernmost capital city of mainland Europe and is one of the
according to tourists in 2023. While Portugal is amid the
, Lisbon stands out because of its cosmopolitan cultural offer and diverse natural landscape, combining a golden coast with picturesque neighborhoods.
Lisbon has a strong economy, favored by tourism
The capital of Portugal is attractive for the settlement of businesses and entrepreneurs. In 2022, the
Metropolitan Area of Lisbon had almost 427,000 enterprises and the country’s highest gross domestic product (GDP). Furthermore, the region displayed the highest
GDP per capita, much superior to the national average, thus showcasing the good performance of the regional economy.
Tourism much contributes to the good results of the Lisbon region. In 2023, it generated over 1.9 billion euros in profit, with the
hotel business being favored among visitors above any other type of accommodation. During the same year, the Metropolitan Area of Lisbon received more than 8.8 million tourists. Even though
Portuguese nationals were the ones who most visited the city and its surroundings, the United States, followed by Spain and Brazil, also had high numbers of visitors in the region.
Real estate prices are high in Lisbon
For those who reside in Lisbon or in its metropolitan area, the region stands out for being the most expensive in Portugal in terms of housing. Among the
leading cities in Europe by the average cost of an apartment in 2023, Lisbon’s residential real estate is costly for both renters and buyers. As of April 2024, the
median value of bank appraisals on housing in the Greater Lisbon region was 2,333 euros per square meter. High prices are also a factor when considering other real estate segments. Office real estate, for instance, had a
prime headline rent of 324 euros per square meter in 2023, the highest value of the past decade.
Lisbon attracts foreigners to visit, but also to live
Even though the number of deaths in the city has decreased over theplast years and the number of births increased, Lisbon presents a shrinking
population density. However, because Lisbon and its metropolitan area are boosting with enterprises which generate employment, the number of
employed individuals is rising. With the prospect of a job, Lisbon has become an attractive location for foreigners to live and work, as attested by the growing numbers of
foreign inhabitants in the city.
Lisbon: a place for all
With a positive economic outlook and a hopeful demographic scenario, Lisbon stands as an important European capital. It is worth exploring as a tourist, especially due to the low
average daily costs of visiting, but it is also an advantageous region for investing or residing in.
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