Lisbon remains one of Europe’s most dynamic housing markets. Here’s what stood out this quarter.

Prices & inventory

• Median asking prices were broadly stable quarter-over-quarter; renovated stock in central parishes led gains.

• Inventory improved slightly as new listings outpaced sales in August, easing bidding pressure.

Buyer mix & financing

• Local buyers increased share in T2–T3 apartments; cash purchases still common in prime micro-locations (Chiado, Príncipe Real).

• Mortgage approvals held steady; rate sensitivity showed up in suburban segments.

Neighborhood notes

• Chiado/Príncipe Real: renovated, elevator buildings moved fastest.

• Parque das Nações: family-sized units near schools and the river saw strong absorption.

• Alcântara/Estrela: value-add opportunities with solid rental demand.

Rental snapshot

• Rents rose modestly for well-located T1/T2 units; concessions limited outside shoulder months.

Outlook (Q4)

Expect a normal seasonal slowdown with motivated sellers pricing more precisely. Buyers should be pre-approved and ready to act on high-quality listings within the first week.