THE ADDRESS Magazine No.20 | Page 32

A fine collection of residences stunningly combining modern luxury and stylish living, in the historic centre of Lisbon I nternational property investors are turning their attention to Lisbon real estate. With Emerging Trends in Real Estate Europe 2015 placing Lisbon on its Top 10 most attractive investment cities ahead of London and Milan - buyers are falling in love with the investment allure of the Portuguese capital. The annual report evaluates the interest of real estate developers and professionals and looks at 28 European cities. Published jointly by ULI and PricewaterhouseCoopers (PwC), the research document placed Lisbon No. 9, up 17 places from the position it held only 12 months ago. Part of the city’s real estate attraction is price: Here, one may buy in prime locations that in many other European capitals have become unaffordable. But it is not price alone. Lisbon is known as one of the world’s most beautiful cities. Spread over seven hills bordering the Rio Tejo, it is a city full of cultural heritage and architectural richness, accompanied by stunning river views. Shaped by history and modernity, it is a city where gothic and baroque monuments stand side by side with bold contemporary buildings. 38 www.theaddressmagazine.com