Estate Living Magazine Connection - Issue 43 July 2019 | Page 62

L I V E
S M A R T
INVEST IN EUROPE’S
‘COOLEST’
CAPITAL
Satisfy your dream of owning property in Europe by investing
in one of the region’s most dynamic and affordable cities – the
wealthiest city in Portugal and its capital, Lisbon.
With mild weather year-round, a growing economy and attractive
tax rates, Lisbon is quickly emerging as a hub for trade, transport and
accommodation and an attractive base for company headquarters,
of which there are over 323,000, including 29 international
companies.
Meanwhile, the PWC Emerging Trends in Real Estate Europe 2019
study ranks Lisbon as the top real estate market in Europe, citing
the city’s quality of life and growing attractiveness as an international
destination for companies, investors and tourists as solid reasons
behind its elevation to first place.
Investing in Lisbon is more than a sure bet, say international property
investment experts, IP Global. While housing prices have increased
for five consecutive years, the Portuguese capital retains its status as
a value-for-money investment destination, offering property prices
per square metre as much as 70% lower than London, and less than
half of what investors would pay for property in Paris. Portugal is enjoying an economic revival, with over 23,000 foreign
nationals choosing to settle in the country to benefit from its
preferential tax treatment. As such, some 70,000 new homes need
to be built in Portugal every year to meet demand, over half of these
in Lisbon and Porto.
IP Global, whose clients have invested over US$3.2 billion across 32
markets worldwide, indicates that there has been a robust housing
market in Portugal’s capital since 2015, with 29% growth in prices
up to 2018 and a further 6% growth per annum expected up to 2022. With a population of almost 2.83 million people, Metropolitan Lisbon
offers investors and residents convenient links to the rest of Europe.
At least 57 airlines fly to 132 destinations from Lisbon airport, which
is also currently undergoing a €1.15 billion expansion.