Lisbon is going to be a real estate market leader next year, surpassing cities like Berlin and Dublin. Life quality and “relatively cheap real estate” are making the Portuguese capital stand out.
Lisbon is going to be a real estate market leader next year, surpassing cities like Berlin and Dublin. Life quality and “relatively cheap real estate” are some of the things making the Portuguese capital stand out.
The momentum which the country is going through in terms of real estate profitability is going to be sustained for longer. According to a study from PwC and the Urban Land Institute, Europe is standing out as the region attracting more investment in this area, Lisbon will be on a second level the city attracting more investment. The life quality in the country, the “relatively cheap real estate” and the “incredible financial return” make the city really excel in the ranking.
“The search for safer investment in the next year is going to be key in the European real estate market”, the “Emerging Trends in Real Estate” report notes. The large majority of investors are looking for secure ways to invest capital, above all else. “Some investors are still looking at real estate in Europe as capital preservation. They are not looking for outsized returns, but security.” the European Investment Bank’s (EIB) director, stated in the document. Risks are everywhere at the moment, given the rise in “European and international political instability” which are “among the key concerns for the industry”.
It is for these reasons especially that the real estate is getting more importance than other assets at the moment. And not necessarily only in the “Old Continent” – the investors are also focused on smaller, less dynamic cities, according to this study.
The top ten picks are the following: