Lisbon City Council has put 10 plots of land scattered across the city on the market, worth a total of €59.2 million, with the aim of boosting investment.
This was confirmed following an executive committee meeting, and the document will now be submitted to the Municipal Assembly for approval. Once the regulatory steps for preparation and transparent disclosure have been completed, the public auction is expected to be launched and the contracts finalised during the second half of 2026.
According to Jornal Económico, the Deputy Mayor of Lisbon, Gonçalo Reis, has assured that the revenue will be channelled towards capital expenditure – such as transport and infrastructure. The aim is to stimulate private investment in the city and, at the same time, raise a minimum estimated revenue of €59 million for key public projects.
Gonçalo Reis said that the measure forms part of a strategy of “rational, judicious and rigorous management” of the municipality’s property portfolio. “The City Council must have assets adequate for the development of its activities, but it must not have excessive assets, with any unnecessary excess”, he argued.
“We are identifying surplus assets – plots of land that were scattered and unused, and which have no potential or strategic value for the council’s activities. What we are doing is putting them on the market to finance investment”, confirmed Gonçalo Reis.
The portfolio of 10 properties comprises various plots of land with individual reference values ranging from one to €13 million. Gonçalo Reis also noted that the local authority will not sell below the value set by experts, arguing that these are “capital revenues”, which will be “strictly used for capital expenditure”.
The extraordinary revenue will be channelled into accelerating municipal programmes in areas considered critical for residents, such as infrastructure, road surfacing, street lighting, safety, mobility and transport.
The mayor also made it clear that the tender is aimed at the open market: “We are selling the land so that private investors can develop their projects. The sites could then be used for housing, services, retail or public facilities. This in itself has the merit of helping to build the city, create jobs and stimulate construction”, he said.
It was also mentioned that buyers will have to comply with the building density limits and town planning parameters set out in the Municipal Master Plan for each zone.
