Lisbon is in 1st place in the top 10 of the European real estate market for 2019

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Lisbon is in 1st place in the top 10 of the European real estate market for 2019
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Published: 21st May 2019, 7:47pm

Lisbon tops the ranking of favourite European destinations for the Real Estate market, in 2019

Even with the whole world looking at Portugal and its well-heeled real estate market, Lisbon did not rank among the 10 favourite destinations in the European real estate market in 2018. For 2019, however, the situation changes: the Portuguese capital is at the top of the ranking by the Emerging Trends in Real Estate study of the PwC consultancy along with the Urban Land Institute. The survey, which also listed Berlin, Dublin, Madrid, Frankfurt, Amsterdam, Hamburg, Helsinki, Vienna and Munich, points to relatively low prices, high possibility of return and quality of life as the main reasons that led the Portuguese capital to first place.

Portugal now has a very positive set of factors for investors: political stability, a rapidly recovering economy and long-term prospects for sustainable growth and dynamic markets. Even if it appreciates at an accelerated rate, around 10% per year, real estate will still maintain this upward trend for the next few years, as demand is high”, explains César Damião, founding partner of the Global Trust, specialists in international real estate investment.

The Portuguese Golden Visa

There is also a wide public interested in the Portuguese Golden Visa, a residence visa that the European country offers to those who, for example, buy a property of at least 500 thousand euros. As Portugal is part of the European Union, the person with a Golden Visa can live with her/his family legally in any country of the bloc.

The real estate market in Portugal has attracted so many stakeholders with different profiles, that the offer of apartments has diversified. Until recently, Lisbon had basically old buildings, some renovated and modernized, but retaining the original facade and architecture. Today, there are options for new condominiums, with complete infrastructures, such as garages, leisure areas, swimming pools, elevators and even some services perfect for those who want to live there.

If you’re interested in finding your dream home in Portugal, submit an enquiry in our website and download our Guide to Portugal brochure to learn everything you need to know about moving to Portugal.

Source: Exame

About Portugal Homes
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To find out more, please contact us:

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Buying Property in Portugal

Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.

Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!

To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.

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