Lisbon Property Prices Lower Than Most Major European Cities

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.