International appetite drives up Lisbon property prices

Lisbon's cheap property prices will only last for so long as the city continues to attract record levels of overseas investment.

Arthur Moreno, founding partner of Portuguese developer Stone Capital, said that as interest in the city increases, he predicts prime central prices will rise by between 5% and 10% over the next five years.

He said: “The average price right now for prime residential in the city centre is between €4,000 and €8,000 per square metre. That will go up.

“There is a big increase in the number of people want to invest and buy apartments in Lisbon. It is up and coming and has strong outside potential. Short-term rental yields are between 5% and 7%. And long term they are between 3% and 5%.

“Lisbon’s fundamentals remain very strong.”

Other News

Accor checks in to the millennial mindset

The furniture is inflatable and the tables are on wheels. Even the kitchen units can be swiftly moved aside if a party breaks out. There… Read more »

E Europe

China’s Belt and Road initiative

An initiative is emerging from the depths of Asia that will transform economic growth, construction, investment and trade. Not just in China – which is… Read more »

E Europe

Lessons in Shariah compliance

It is not just about the prohibition of interest The prohibition on the charging of interest (or riba) is probably the most well-known aspect of… Read more »

E Europe