Current situation of
property in Lisbon?
The real estate market
in Lisbon is booming thus the prices are touching new heights. Properties are
being renovated, new buildings are being built. With such a boom in property,
Portuguese economy looks to have positive turning point from the economic crisis.
All this has led to an
increase in the accommodation and property in Lisbon. As Lisbon is booming again
and so is the real estate market. From the perspective of current trend and
analysis, this looks like it is going to be the new reality for a couple of
years.
The real estate market is really bubbling in Lisbon?
Without a doubt, the real
estate market has witnessed a bubble in the properties in Lisbon. The prices
are increasing continuously beyond the real market value especially in the last
half of the decade.
Even the prices of
properties in Lisbon were much cheaper as compared to other European cities,
but the remarkable increase in tourism and Lisbon being the commercial hub of
Portugal has led to a situation where the demand for housing is much higher
than the actual supply.
Is it the right time to invest in real estate of Lisbon?
Of course, it is a the right time to start your investment in Lisbon, but you must be cautiously
optimistic.
As discussed above,
the property market in Lisbon is really hot and stands as a wise choice of
investment in Portugal. Either you purchase an old apartment in the city centre
to renovate and rent out or buying a new house in your preferred location in
Lisbon, they all represent a better return on investment.
Quality Of Life In Lisbon
Study reveals that the
quality of life in Lisbon is one of the best in the world. The temperatures
& weather suits everyone, you allow you to easily go for a walk in a
pretty cold month like January as the weather is excellent throughout the year.
Can other nationals
buy property in Lisbon?
Yes definitely! Lisbon
properties come with no restrictions on overseas property ownership in
Portugal.
In fact, if you go
with the option to buy property worth at least €500,000, you would be eligible
for the Golden Visa Of Portuguese which allows you to be a permanent resident
of Portugal.
The list of hottest properties to buy in Lisbon?
The preferred choice
to buy an apartment in Lisbon are places like:
Chiado
Principe Real
Avenida da Liberdade
Lapa
However, the major
setback to purchasing a property in above-mentioned location is that prices are
always on the saturated point and it’s generally hard to find great deals.
Still, there are some
other neighborhoods to attract the investors:
A
B
C
D
Alternatives Of Properties in the city center of Lisbon?
The list of most
popular alternative areas to buy property outside of Lisbon’s is as follows:
Property in Cascais
Cascais continues to
be a preferred choice for expatriates searching to invest in property vertical
in Lisbon, the distance is just 30-minute drive from the Lisbon, it still
serves as a good alternative to Lisbon because it is peaceful and less crowded
as compared to Lisbon.
The key areas have
attracted investors from different foreign nationals like:
· South Africans;
· Turkish;
· British; and
· many more.
We’ll be glad to help, if you have any questions or comments about buying property in Lisbon?
We’re here to help you.
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