Smith & Adams, Lisbon

Property investment made easy.

An independent real estate group providing end-to-end solutions for foreign investors in Portugal.

Track record

Let the numbers speak for themselves.

1,000+
Investors advised
€300M+
In advised investment value
300+
Assets under management
100%
Residency applications approved
  • Hygge Kaffe
  • Hygge Residences
  • Smith & Adams Investment Advisory
  • Smith & Adams Real Estate
  • Smith & Adams Property Management
  • Smith & Adams Food & Beverage

How we can help

Three steps, one team.

  1. Step one

    Understand your needs

    An initial consultation about what you want the asset to do: income, growth, residency, a home, or all of them.

  2. Step two

    Find the solution

    Independent advice on the options that fit, with no upfront cost and no obligation to proceed.

  3. Step three

    Execution

    We carry it through, then run the asset for profit, efficiency and use, and report on it.

A typical client journey

From the first call to the resale, in one place.

  1. Investment advisoryStrategy, budget and location, including Golden Visa or D2 where residency is part of the plan.
  2. Due diligenceOur investment team and lawyers check the asset, the title and the numbers before you commit.
  3. Project managementFor properties under construction, we follow the works and the developer on your behalf.
  4. Handover and snaggingDefects listed and closed before the keys change hands.
  5. Asset managementFurnishing, licensing, condominium, utilities and maintenance.
  6. Rental managementShort or long-term letting, priced and run for occupancy and yield.
  7. ReportingIncome, costs and occupancy, in the same format every quarter.
  8. Exit and resaleWhen the time comes, we value, market and sell the asset for you.

Case studies

Assets we own, run and report on.

Living room of an apartment at Hygge Residences S. Julião, Lisbon

Hospitality · Multi-unit · Restaurant

Baixa, Lisbon

Hygge Residences S. Julião

Twelve apartments and a restaurant that we specified, delivered and still run.

Units
12
Occupancy
85.2%
Since
2022
Read the case study
Dining room of an apartment at Anjos 40, Lisbon

Residential · Multi-unit

Anjos, Lisbon

Anjos 40

Eight apartments held and let since 2021, with a cost line kept short.

Units
8
Occupancy
86.3%
Since
2021
Read the case study
Bedroom at Hygge House Picoas, Lisbon

Hospitality · Restaurant

Picoas, Lisbon

Hygge House Picoas

Serviced apartments and food and beverage under one brand and one operator.

Units
9
Model
Stay + F&B
Read the case study
Hygge Kaffe, Lisbon

Restaurants

Lisbon

Hygge Kaffe

Our own restaurant brand, built and run in-house across three locations.

Locations
3
Margin
23%
Since
2022
Read the case study

Real stories, real success.

International investors we have advised across Portugal, in their words.

Insight, not marketing.

Keep up to date with our latest news, market insight and what we are working on.

All articles

Investment

Investing in Portugal real estate in 2026

Yields, the strongest markets, tax after NHR, and what net-of-cost returns really mean.

Read the article

Market

The real estate yield in Lisbon

Stability, compression, and the new investor profile behind Lisbon's numbers.

Read the article

Analysis

The scarcity premium

Why supply-side constraints are Lisbon's real value floor.

Read the article

Residency routes

D2 or Golden Visa: which route fits you?

D2 VisaGolden Visa
Best forEntrepreneurs and business ownersPassive investors
BasisA viable business planA qualifying investment
Entry amountNo fixed minimumRoute-dependent, from €200k to €500k
Does buying a home count?It can support the applicationNo, not since October 2023
Physical stayGenuine residence, with exceptions for justified absencesLight-touch
Path to citizenshipYes, over timeYes, over time

Information as of 2026, general in nature and not legal advice. We confirm what applies to your case.

FAQ

Questions, answered.

What does Smith & Adams do?
We are an independent real estate group for foreign investors in Portugal. One team covers investment advisory and residency, the search for the right property, property management, and hospitality through our own Hygge brands.
Can foreigners buy property in Portugal?
Yes. There are no restrictions on foreign ownership of residential property. You need a Portuguese tax number (NIF), and non-residents usually appoint a fiscal representative; we arrange both.
Does buying property still give a Golden Visa?
No. The direct real-estate route to the Golden Visa closed in October 2023. The Golden Visa remains available through other investments, such as regulated funds, and property can support residency under the D2 visa. Golden Visa guide · D2 guide.
Is there a cost to speak with you?
No. The first consultation is free and without obligation. If you decide to go ahead, the scope and any fees are agreed with you before work starts.
Do I have to live in Portugal?
It depends on the route. The Golden Visa has a light stay requirement. The D2 visa requires genuine residence, with exceptions for justified absences such as business travel. We confirm what applies to your case.
Where in Portugal do you work?
Across the country, with most activity in Lisbon, Cascais, Porto and the Algarve. Our own buildings are in Lisbon.

Objective advice starts with a conversation.

No obligation, no pressure to buy anything specific. Just a clear view of what is possible, and whether residency belongs in the plan.