Prices of high-end housing in Lisbon tipped to keep rising

15 May 2020

Real estate consulting firm Knight Frank says Portuguese capital Lisbon will be one of just four main markets for high-end housing where prices will keep rising for the rest of this year.

A Knight Frank publication says prices of high-end housing in Lisbon may rise by up to 4.9 percent this year and even faster in 2021 as demand strengthens.

Separately, a report in Forbes magazine quotes a partner in Knight Frank Great Britain, Kate Everett-Allen, as saying demand in Lisbon will be driven by foreigners, among them Chinese, that buy property in Portugal in return for permission to live there, known as a golden visa.

The number of applications for golden visas was one-half greater in the first quarter of this year than a year earlier, Forbes quotes another consulting firm, Henley & Partners, as saying.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):