Innovative land & property investments
Portugal Property Investment News
Low costs in Lisbon
For stunning coastal properties and profitable rental returns, Lisbon offers some fantastic prospects.
Prices in the Portuguese capital have remained comparatively low and though property has exhibited the same meteoric growth as other European cities, the region's popularity with tourists makes it a great destination for buy-to-let investment.
In conversation with the Independent, Paul Houston of estate agents Lucas Fox said interest in Lisbon was growing:
"We've seen a lot more visitors, tourist numbers are up, even through winter. That interest then trickles down into property - people come here and fall in love with it.
"Plus, prices are competitive with other capitals."
Mr Houston told the newspaper that property in some parts of the city could be picked up for as little as £1,360 per square metre.
Even the most sought-after areas of Lisbon are noticeably cheaper than in other European investment destinations, with property costing around £2,000 to £2,380 per square metre.
With regeneration projects going on across the city and a new rail link to Madrid recently approved, this could be the perfect time to invest in a beautiful city.
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