Lisbon

Lisbon is complex and unique and until recently wasn't seen as the obvious choice for a 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.

The experts say

Outside of the value in this market and the lifestyle it offers, there are two other things fuelling interest in the city. Firstly the Non-Habitual Resident (NHR) programme, a tax-friendly programme, which enables buyers for a period of 10 years to potentially pay no tax on things like dividends and pensions, as well as income. Secondly, there is the widely acclaimed Golden Visa programme, which after application procedures, 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 property market in Lisbon

Having come out of economic struggle in 2010, the real estate market in Portugal has seen a consistent rise. The price of property for sale in Lisbon increased by 4.9% between 2017 and 2018. Portugal and Lisbon alike have excellent housing markets, which generally tend to offer good value for money. Because of this, 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, making an ideal property investment. A large proportion of foreign investors are French and Scandinavian, who have made Lisbon their second home. They, along with others, benefit from the low taxes and low-cost of living in the city.

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.

- Added to shortlist

- Removed from the shortlist

Undo