The Lisbon real estate prices is fast growing year by year, as Portugal becomes popular with tourism, quality of life, golden visas and Airbnb
.
There are reasons for rise in property prices.
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Brexit: United Kingdom is leaving the European Union. So the companies are moving to Portugal (and other countries as well).
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Awards: Lisbon have been winning several awards every year for its tourism, food, life quality, etc.
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Brazilians interest: Brazilians are looking to buy properties and invest in real estate in Lisbon.
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Golden visas: The government of Portugal is giving out golden visas for those who buy properties above a certain value (300k euros I guess).
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Airbnb: As Lisbon tourism increases, it’s been more and more profitable to buy a property in Lisbon city centre, and rent throughout Airbnb (short term rentals). It’s giving a profit of up to 5% per year.
Foreigners prefer buying property in touristic and residential places in Lisbon.
In touristic places of lisbon, each square meter costs in average €3000 euros while in residential neighborhoods the square meter costs around €1700 euros.
Touristic neighborhoods in Lisbon
- Bairro Alto,
- Alfama,
- Baixa Chiado,
- Mouraria and
- Graça
Residential areas in Lisbon
These are nice places to have a calm and quiet life, and not so far from the crowded touristic places.
- Saldanha,
- Lapa,
- Campo Grande
- Areeiro.
In Jan 2019, the average of bank appraisals for housing flats in Lisbon reached a record high of €1,504 per sq.m
