All 15 apartments in a soon-to-be-rehabilitated building in Lisbon were sold within 48 hours, highlighting the city’s robust demand for luxury housing. Lisbon remains the city with the highest property prices in Portugal, with a nearly 4% increase in housing valuations over the past six months. This high demand is evident from the rapid sales of properties such as the building on Gomes Street 141, which sold out entirely within two days.
The building, located at Campo dos Mártires da Pátria Square near Avenida da Liberdade, was sold out at the pre-project stage. The most expensive apartment among the 15 units was purchased for 750,000 euros. This trend reflects the city’s median price per square meter, which exceeds 3,700 euros according to data from the National Statistics Institute (INE).
Conclusion
For real estate investors, the rapid sales and increasing valuations of luxury properties in Lisbon indicate a thriving and lucrative market. The city’s high demand and limited supply of premium housing make it an attractive opportunity for investment, promising potential for significant returns.
Source: Expresso
