Lisbon buy to let

Unlocking
Lisbon buy-to-let

A rare chance to own a central Lisbon property and generate rental income in Portugal’s most sought-after locations.

Challenge

Lisbon’s popularity has made it nearly impossible to own a pied-à-terre you can legally rent on the short-term market. Strict rental restrictions mean many buyers are locked out of generating income and enjoying flexible use.

Solution

New opportunities for pied-à-terre ownership are emerging. And they're proving extremely popular.

One such option allows you to invest in a freehold property which is eligible for short-term lets in a prime Lisbon or coastal location. Enjoy hassle-free rental management, strong occupancy, and exclusive owner benefits – including access to a network of amenities across the city when you visit.

Why invest?

Choose between 4% fixed turns or 6% variable net yields

Benefit from Portugal’s resilient economy and booming tourism
Use your residence whenever you choose and earn income the rest of the year
Turnkey income via professional management
5* hotel-style services and facilities

Income-generating property locations

How it works

Choose your property

Select a freehold residence in a high-demand area like Baixa, Santos or Alfama.

Earn effortlessly

A full management team handles marketing and rentals

Enjoy anytime

Stay whenever you like and access exclusive amenities across a burgeoning portfolio of locations

“We wanted to own a bolthole in Lisbon, but putting it on the long-term market would mean we could visit it 3-4 times a year. This way we can generate income and visit as much as we want.”

Owner

Liberdade Club, Av. da Liberdade

Short-term buy-to-let

Why are short-term buy-to-let opportunities so rare in Lisbon?
Lisbon’s short-term rental market is tightly controlled – and getting tighter.

Citywide scarcity

Only about 6% of all Lisbon homes hold an active short-term rental (AL) licence.
Historic centre

No new permits are being granted in the most desirable central neighbourhoods.
More reform expected

Recent proposals include revoking existing AL licences for those few traditional short-term buy-to-let properties.
Investment opportunity

These dynamics strengthen the long-term value of owning a compliant rental property in Lisbon – rare, in demand and positioned to grow.

What our clients say

Sarah Lewin

"Athena lived up to its reputation...
They went above and beyond throughout the process and continue to do so even post-acquisition of our property."
Imad Moher

"I really like dealing with Athena, very professional but also people who I feel I can really trust. I could have gone shopping to other agencies, but I liked dealing with them so much that I decided to stick to Athena."
James Anderson

"I should stress that you have been incredibly helpful with my many questions and I would like to thank you for all your considerable assistance."

Start your journey today

Please fill out the form below and one of our Portugal property experts will get in contact.

Added value and 360° purchase support since 2003

In addition to organising property viewings from our office in Annecy, we support our clients through every step of the purchase process from accessing the 20% VAT rebate programme, to finding the best French mortgage at a low rate, and introducing you to the best rental management company.

We also decode the paperwork and contracts and become the bridge between all the different legal and official parties involved in the purchase, guiding our clients through every step of the process.

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