A home is more affordable relative to local incomes in Paris and London than in Lisbon.
Portugal has spent years marketing itself as one of Europe's great success stories: sunshine, safety, a booming tourism industry and an enviable quality of life. But behind the postcard image lies one of the continent's most stretched housing markets.
A home in Lisbon now costs about 18.7 times a typical household's annual income, according to the latest figures from data platform Numbeo.
Among Europe's major cities, only the Croatian coastal city of Split matches it.
10 cities with the highest price-to-income ratio in Europe
