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.”