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
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