In just a few years, Portugal has become a preferred market for real estate investors. According to a study conducted by PwC in 2019, Lisbon has topped the European ranking of the most interesting cities to invest in real estate
Unlike most European countries, Portugal did not experience the housing bubble of 1996-2007, and the crisis seems to have wiped out the inflationary price increase, allowing the country to maintain a relatively low price per square meter.
According to the study “Emerging Trends in Europe in 2019” conducted by the British audit and consulting firm PwC (PricewaterhouseCoopers) and the American association Urban Lan Institute, Lisbon is at the top of the European ranking of the most interesting cities to invest in real estate. In one year, it went from 11th to 1st place, dethroning Berlin. This marked preference of buyers is explained by the “quality of life”, but also by the growth of the Portuguese economy, which is attracting more and more foreign companies and investors.
JLL (Jones Lang LaSalle) another US real estate consulting firm estimated that €3.3 billion was invested in Lisbon stone in 2018, an increase of 74% over the previous year.
The perceived trend in the capital is spreading to other major cities in the country and their agglomerations. And it is in these new regions that good deals are to be found today.