Lisbon

The city is built on seven hills and is thought to be one of the oldest capitals in Europe after Athens. The weather is one of the mildest in Europe and the cost of living is low. Other than the excellence of its seafood and its pastries, pastel del nata, it is often a forgotten capital of Europe. Recently, Lisbon has seen an influx of creative young talent charmed by the climate, the relaxed atmosphere of the city and the low cost of living, and people are starting to pay attention.

Overview

Paris, London, Berlin, Rome are all cities that have a clear identity and cultural offering. Lisbon is complex and unique and not the obvious choice for a destination, but it is seeing an increase in popularity. Often thought of as the San Francisco of Europe, Lisbon is undergoing a major change.

The city is filled with winding, hilly streets. The architecture perfectly harmonises the old with the new. In addition, Lisbon is attracting young creative talent and because of this fact it is starting to stand out as a city of design. The relaxed ambience is perfect for young artists looking to live a bohemian life. Small independent boutiques are popping up around the city. Lisbon also still manages to provide the ideal environment for an older crowd wanting to enjoy the sun and the sea alongside a city life.

The buildings are bright and colourful and speak to the heritage of the culture. The café culture is very much thriving with young entrepreneurs opening new restaurants and cafés, adding great culinary value to the city. The energy is unpretentious, relaxed and vibrant. It is uncomplicated and certainly the most interesting European capital to watch out for in the coming years. 

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The experts say

The Non-Habitual Resident (NHR) programme, which the Portuguese government has put in place, offers the right to live in Portugal to anyone who invests more than €500,000 in a property. After six years, you are able to apply for a Portuguese citizenship. The programme also offers tax exemptions for people of a certain income. To attract more foreign investment, Eastbanc is acquiring properties and investing €50,000,000 to create a thriving residential development. The development in question is located on Príncipe Real. The properties will range from €1,500,000 upwards.

The luxury property market in Lisbon

The prices of property for sale in Lisbon have increased by 4% from the previous year in March of 2015. With the struggling Euro, a Lisbon property for sale has technically increased in value. Portugal and Lisbon alike have excellent housing markets, which generally tend to be good value for money. Because of that, Portugal has the highest owner-occupation rate, with nearly 70% of the population owning their homes.

Unlike many European capitals that have become nearly unaffordable, Lisbon allows individuals to buy a house in central and prime locations. Most homes available for sale in the city make an ideal Lisbon property investment. A large proportion of homebuyers are French and Scandinavians who have made Lisbon second home. They benefit from the low taxes and low-cost of living in the city. 

How to Get There

By Air

The largest international airport of the city is Aeroporto da Portela, located between the cities of Loures and Lisbon. All the main airline carriers fly into Lisbon airport as do plenty of low-cost carriers. Flights are daily and frequent. The airport is a short taxi ride away from the centre of town and very easy to get to.

By Rail

The city is also linked to a network of trains that run across Europe. Reaching the city from Madrid, Paris, or even London is possible, if time is not an issue.

Weather

Spring / Summer

The summers in Lisbon are extremely warm and very dry. Largely influenced by the Gulf Stream, it makes the city one of the mildest climates in all of Europe. The summer season usually lasts for about six months. The average temperature during the summers is 24 degrees Celsius with July being the hottest month. The summer brings more sunshine than Madrid, Rome or Athens. However, with the city being so close to the ocean, it is often windy and therefore offers a cooler and dryer atmosphere.

Fall / Winter

Despite its hot summers during winter the temperature drops considerably, but you rarely see frost. The average temperature is 11 degrees in the coldest month, which is January. Generally the weather in November, March and April is above 20 degrees.

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