Prime rental values in Lisbon also rose by 1.3%, ranking among the strongest increases in Europe. The report highlights that rental growth is outpacing property values worldwide, reflecting a shift towards income-generating assets and evolving tenant demand in volatile markets.

Rita Bueri, Head of Residential at Savills Portugal, underlined Lisbon’s continued international appeal. She described the city as “one of Europe’s most attractive prime markets,” combining lifestyle, safety and a cosmopolitan character that appeals to both Portuguese and overseas buyers. She added that, while price growth has slowed compared to recent years, the market is becoming more balanced and mature.

Lisbon’s resilience is underpinned by persistent international demand and a shortage of available stock in the luxury segment. These factors have sustained values even as global economic and geopolitical uncertainty weighs on many other markets.

Although cities such as Tokyo, Berlin and Seoul led global growth with stronger gains, Lisbon remains firmly on investors’ radar, particularly for lifestyle-driven buyers seeking stability and quality of life.

Looking ahead, Savills forecasts an average 1.7% increase in global prime property values in the second half of 2025. Lisbon is expected to remain one of the most robust European performers, supported by steady demand, limited supply and its growing reputation as a prime international destination.