Friday, November 8, 2024

Lisbon ranks 1st for emerging real estate market in major european cities

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

 

  1. Lisbon
  2. Berlin
  3. Dublin
  4. Madrid
  5. Frankfurt
  6. Amsterdam
  7. Hamburg
  8. Helsinki
  9. Vienna
  10. 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

In the survey
  • 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

 

Source: Statistics Portugal

 

 

Read more about the report here

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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