Our Golden Rule at Housers is diversification, and diversifying with Real Estate assets in Lisbon is definitely a wise decision.
Lisbon experienced a great growth in the real estate sector in 2017 and according to experts it will continue to offer attractive returns in 2018. As we had previously mentioned in our other article presenting Portugal at Housers, Lisbon continues to offer great results for investment.
Lisbon has the highest prices in the country
The Portuguese capital is BOOMING, and we can even say that it is “the place to be in”. From major technology events, to the installation of a Google service center, to the opening of the first restaurant of the renowned British chef Jamie Oliver…no one wants to be left out!
That Lisbon is one of the best cities to live in, and one of the top tourist destinations in Europe, we all know. But in addition, it is one of the best cities to invest in real estate assets and one of the favorite cities of foreign investors.
Due to the economic recovery and the rising of confidence in the market, Portugal is currently experiencing a period of real estate growth. Factors such as tourism, the establishment of important multinationals and prices below the European average attract both domestic and international investors.
In fact, foreign capital has played a very important role in investment in real estate. According to the Association of Professionals and Real Estate Companies of Portugal (APEMIP), of the 152 thousand properties sold in Portugal last year, 25% of the total operations were carried out by foreigners. Brazilians, French and English are the nationalities that invest the most in the country. In addition, Lisbon leads with the number of operations and volume of foreign investment.
The Portuguese capital is again present in the study Emerging Trends in Real Estate 2018 from the consulting firm PwC, and is considered one of the cities not to lose sight of in this year that has just begun.
Meanwhile, real estate prices keep rising in Lisbon. In the third quarter of 2017, the capital maintained its leadership with the country’s highest selling prices. The average value of housing sale is 2,315 euros/m2, according to INE data.
Portugal with one of the highest increases in member states
In the third quarter of 2017, home prices increased by 4.1% in the Euro area and 4.6% in the European Union, according to Eurostat. While Portugal recorded the third highest increase (10.4%) in the member states (compared to the same period in 2016). This is the highest rate of change since 2009.
This result was essentially an effect of the price of existing housing, which increased by 11.5% year-on-year.
In the third quarter of last year, there were 38,783 purchase and sale operations, of which 84.7% of total operations were in existing housing. The volume of sales made between July and September was close to 4.9 billion euros, the highest ever.
This can only mean that 2018 is sure to bring another promising year for Lisbon in the Real Estate Market.
Head over to Housers.com to see the latest opportunities available for investment.