This article is an abbreviated version of the original. To read the full article, click here.
Discovering a property at a good price in Lisbon is almost like finding a needle in the haystack. It's not easy! But it is possible. In the second quarter of 2018, 45,619 properties were sold, the highest number since registration.
The reduction of interest rates, falling unemployment, and low inflation have boosted real estate investment in recent years. The arrival of foreigners to reside in Lisbon and the turf of tourists that invaded the city, increased, even more, the pressure on the demand. The construction industry, however, was not prepared to respond.
Does it pay to rent? The conclusion we have reached is as follows: market prices in Lisbon for T2 type buildings are, on average, inflated by 12% on the fair price. That is, the conclusion of the April issue of PROTEST INVESTE that prices are inflated remains.
Is the periphery the solution? The answer is yes. In general, prices can rise on average by 21% until they reach a fair price. However, not all parishes have the same potential.