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

Here’s looking at YOO

“Waking up worrying in the middle of the night, feeling like the sky is falling on your head, is a sensation most successful people have… Read more »

E Europe

CC Land’s next big play

When Dickie Wong is in London his phone doesn’t stop ringing. The CC Land deputy chairman, who led the £1.15bn acquisition of the Cheesegrater, EC3,… Read more »

E Europe

New ULI president Chris Choa puts focus on connectivity

“Connectivity is destiny.” It sounds more like the tagline of an epic Hollywood film trailer than the mantra of the Urban Land Institute’s new UK president. But… Read more »

E Europe