Real estate as a sector might have taken a few knocks in the last few years, but Lisbon is having none of it. According to “Emerging Trends in Real Estate: Europe 2019” which is a joint survey made by PwC and the Urban Land Institute, the people who think that the growth of the property value of Lisbon will slow down are mistaken. The survey aims to provide an outlook on real estate throughout Europe, and it places Lisbon in number one in its list.
Properties in Lisbon Maintain Its Growth
Emerging Trends in Real Estate: Europe 2019 ranked the real estate markets in major European cities according to their overall investment and development prospects. According to the list, most of the bigger cities lost their places. There are several reasons behind this. For instance, other countries’ investment requirements are relatively much higher than Portugal’s. So, as Portugal’s Golden Visa programme gets more popular, its real estate value gets higher. Properties for sale in Portugal continue to increase their market value much faster than the property in bigger cities, and this constitutes an attractive alternative for the investors.
Overvalued real estate market in bigger cities creates a negative trend on their own part. Portugal properties, on the other hand, do not seem to have any intention of stopping their amazing run that is appetising for every investor who aims to have a good return on their investments. Bigger cities on the list offer low possibility of returns. However, Lisbon keeps proving otherwise and lures more and more investors.
Being Number One on the List
Last year’s 10th, Lisbon, goes up to the first place, and deserves it. According to the authors of the report, Portugal’s political stability at hand, good economic policies, high quality of life, ability to attract talents and investors, immediate capital returns and the growth in the number of leases are major contributors to its success.
Portugal’s steady and healthy economy lures financial interest from all over the world, and the country reaps its benefits. Lisbon, the capital of Portugal, is now an internationally popular destination for companies, investors and tourists. Ever-growing real estate value and powerful economy combined together make Portugal and Lisbon a strong candidate for the top place not only for 2019, but also for the years after.