Lisbon has jumped 10 places up to rank first for real estate market among major european cities, in Emerging trends in Europe 2019 study, which is a joint survey by PwC and the Urban Land Institute.
The Emerging Trends in Europe 2019 ranked the real estate markets in major European cities according to their overall investment and development prospects. The survey had 885 respondents from 22 european cities.
Rankings
- Lisbon
- Berlin
- Dublin
- Madrid
- Frankfurt
- Amsterdam
- Hamburg
- Helsinki
- Vienna
- Munich
Interviewees cite the Lisbon city’s “quality of life” and “positive” leadership. Plus, it’s seen as a late-cycle play. Portugal’s economy is growing healthily and its capital is now an international destination for companies, investors and tourists.
German cities still dominate the top spots for 2019.
Brexit impact on real estate investment in 2019
- 56 % of respondents say real estate will decrease somewhat in the UK
- 46% of respondents say the real estate will stay the same in the Rest of Europe
Golden visa
Portugal’s golden visa scheme also fueling property prices in Lisbon since its inception in 2012. As of today the investments through golden visa scheme exceeded 4 billion euros in Portugal with majority of investors from China, Brazil, Turkey, South Africa.
The average property investment for golden visas remains at 585,000 euros, which exceeds the minimum requirement of €500K
Lisbon property prices
In Lisbon the average property prices for apartments remains €1461 per square metre as of september 2018, compared to Portugal average of €1264 per m2
Read more about the report here
