The boom in real estate in Portugal continues with the latest Emerging Trends in Real Estate report noting that Lisbon is set to surpass other European cities in leading the real estate market across Europe.
Already this year, property prices in Portugal have been consistently rising with many foreign investors taking advantage of the exceptional tax benefits available for European and non-European property owners and investors. Now Lisbon has been highlighted as the city to watch for real estate thanks to the “relatively cheap real estate” found in the Portuguese capital.
The report states that Lisbon is a city to look out for in 2019, beating other more traditional hot spots in Europe such as Berlin and Dublin.
According to a report by ECO News: “The momentum which the country is going through in terms of real estate profitability is going to be sustained for longer. According to a study from PwC and the Urban Land Institute, Europe is standing out as the region attracting more investment in this area, Lisbon will be considered to be on a second level with the city attracting more investment. The life quality in the country, the “relatively cheap real estate” and the “incredible financial return” make the city really excel in the ranking.”
“The search for safer investment in the next year is going to be key in the European real estate market”, the “Emerging Trends in Real Estate” report notes. The large majority of investors are looking for secure ways to invest capital, above all else. The European Investment Bank’s (EIB) director, stated in the document: “some investors are still looking at real estate in Europe as capital preservation. They are not looking for outsized returns, but security”. Risks are everywhere at the moment, given the rise in “European and international political instability” which are “among the key concerns for the industry”.
If you are looking to invest in real estate in Portugal and the Algarve in particular, or are looking to relocate to the country, contact us today to discuss tax benefits and property opportunities on the market.
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (+351) 282 356 952
