Lisbon

Lisbon is complex and unique and until recently wasn't seen as the obvious choice for property investment, but in the past few years, it has seen a dramatic increase in popularity. Paris, London, Berlin, Rome are all cities that have a clear identity and cultural offering. Often thought of as the San Francisco of Europe, Lisbon is undergoing a major change.

Portugal's capital 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 scene 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 one of the most interesting European capitals to invest in at the moment with several opportunities for those who look for a unique property or to register for the Portuguese Golden Visa programme.

The experts say

In addition to offering an exceptional lifestyle, there are two other incentives fuelling demand for property in Portugal. First, there is the Non-Habitual Resident (NHR) programme. This is a tax-friendly programme which can reduce the amount of tax that property owners pay on incomes like dividends and pensions for a period of 10 years. The other incentive is the acclaimed Portuguese Golden Visa scheme which grants international investors residency if they invest more than €500,000 in Portuguese real estate. After five years, it is then possible to apply for a Portuguese citizenship.

The property market in Lisbon

With the economic struggles of 2010 firmly in the past, Portugal’s real estate market is steadily growing and saw property prices in Lisbon rise by 4.9% between 2017 and 2018. Thanks to its excellent housing market which generally offers good value for money, Portugal boasts the highest owner-occupation rate in the EU with nearly 70% of the population owning their homes. 

Unlike many European capitals, affordable property can still be found in Lisbon’s most central and popular locations. This makes it an attractive destination for investors, particularly those from France and Scandinavia.

In addition, Lisbon also has a number of other attractions such as a lower cost of living and access to the lucrative Non-Habitual Residential tax scheme which can reduce taxes and the acclaimed Portuguese Golden Visa programme which grants residency to those who invest €500,000 or more in Portuguese real estate.

How to Get There

By Train

The city is 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.

By Air

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

Weather

Spring / Summer

The summers in Lisbon are extremely warm and very dry. The Gulf Stream gives 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°C with July being the hottest month. The summers bring more sunshine here than in Madrid, Rome or Athens. However, with the city being so close to the ocean, it is windy and offers a cool and dry atmosphere.

Fall / Winter

The winters see the temperature drop, but there is rarely frost. The average temperature is 11°C in the coldest month, which is January. Generally the weather in November, March and April is above 20°C.

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