Edition 1446
21 October 2017
Edition: 1446

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Over half of properties on Lisbon market sold within six months

in Regional · 15-09-2016 14:40:00 · 0 Comments

More than half of all properties on the market in Lisbon sold within six months, according to new figures from independent real estate specialists Confidencial Imobiliário.

Over half of properties on Lisbon market sold within six months

Between June last year and March this year around 55 percent of all available properties in the Metropolitan Lisbon area took less than six months to change hands.
During that period more than 6,700 transactions were sealed; 20 percent of those properties took less than three months to sell, while 35 percent of the properties took between three and six months.
The quick turnover of property in Lisbon is not due to cheaper prices either, information by online property information network Idealista revealed recently.
In the Lisbon region prices rose 6.0 percent in the second quarter of the year, to an average €1,451 per square metre, maintaining its lead as the most expensive area in the country.
In the smaller Lisbon district itself, prices rose 9.1 percent, to €2,716 per square metre.
The Portuguese capital has also been the part of the country which has greatly benefitted from the Golden Visa investment scheme.
The most recent figures out show that investment attracted by Portugal’s ‘Golden Visa’ programme, which facilitates residency permits for top-echelon investors, more than doubled during the first seven months of 2016, in comparison to the same period of last year, to in excess of €571 million.
In July alone, 106 of the permits were granted, of which 104 were for buying property.

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Edition 1446
21 October 2017
Edition: 1446

Read this week's issue online exactly as it appears in print.

Twitter