Prices for residential real estate in Lisbon are lower than most major European cities. Figures presented at Portugal’s 10th Property Conference held at the Jumeirah Carlton Tower Hotel in London last week showed Lisbon to be one of the most affordable cities for property investment. With an average price of €2600 per m2 Lisbon was lower than Barcelona (€4700 per m2) and Madrid (€5200 per m2). London toped the list with an average price of €21,800 per m2 more than 8 times that of Portugal’s capital city. There were 3500 foreign buyers of property in Portugal during the first quarter, many of them encouraged by the residency visas now on offer for purchases above €500,000.
In addition to resort property on the Algarve and silver coast we also have a large selection of property in the city of Lisbon and just outside the city in Cascais. The Portugal investor visa programme has been fuelling interest in property over €500,000 in Lisbon. Prices are rising and choice is reducing. €15 million was invested in Portugal in one week last month under the golden visa programme. There is a lot of interest from China, India, Russia and the Middle East. Lisbon is a popular choice with an international airport just 10 minutes from the centre of the city offering excellent links to the rest of Europe and worldwide. Please contact us for further details and a brochure.