Sales price of buildings in Lisbon up 34%

By Kim Schiffmann, in Regional · 29-11-2019 01:00:00 · 0 Comments
Sales price of buildings in Lisbon up 34%

In the 12-month period up to the second quarter of 2019 (inc.), buildings with more than 500m2 in Lisbon were sold at an average price of €2,915/m2, up 34 percent compared to the €2,173/m2 that were transacted in the 2nd quarter of 2018.

The data calculated by Confidencial Imobiliário, relates to the transaction of buildings with an area exceeding 500m2 located in the territory covered by the SIR-Urban Rehabilitation, which covers 17 central parishes of Lisbon.


Campolide is the most expensive parish for this type of asset, with transactions recording an average price of €4,246/m2, followed by Belém with a price of €4,071/m2. Also noteworthy are Santo António, Santa Maria Maior and Estrela areas, where the sales prices of buildings were, in the period under analysis, between €3,000 and €3,900/m2. The price increase was transversal to practically all parishes, however, highlighting Alvalade, which reached €2,542/m2, and Alcântara, which trades to €2,394m2, compared to less than €1,000/m2.


In terms of demand, the parishes of Santo António, Arroios, Avenidas Novas, Santa Maria Maior and Estrela remain the main investment destinations, with shares of 14 percent to 9 percent of sales of buildings of this size in the last year. But it is Areeiro, Alvalade, Penha de França, Ajuda and Campolide that are emerging as new areas of interest, recording the largest growth in the transaction of such buildings between the second quarter of 2018 and the same period of 2019, with increases over 50 percent. Still, this set of parishes has shares of between 2 percent to 6 percent of total transactions. Overall, however, the number of sales of buildings over 500m2 fell by around 9 percent of the total territory covered by the SIR-Urban Rehabilitation, with declines always above 16 percent in the different parishes.



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