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The Property Market in Portugal, Lisbon

Likewise, the world of Portugal has also suffered from many economic troubles in the past years. The real estate or property market got its share of the 2008 global economic downturn. The average homeu2019s value lost around 11% between 2011 and 2012.

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The Property Market in Portugal, Lisbon

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  1. Black Concrete The Property Market in Portugal, Lisbon

  2. Portugal is a second home to tonnes of refugees. The friendly community, enchanted coast, and unparalleled climate make Portugal an ideal destination to relocate to. The capital, Lisbon, shines out as one of the most affordable European capitals. It has about half a million residents. The large population and small size give it a unique charm. Do not for a moment believe that it lacks the conveniences and amenities of a vibrant European metropolis. Portugal has something to offer for any ex-pat, whether you’re looking for a luxury property for sale in Lisbon to electrify the energy of a larger city. or the magic of a quiet rural oasis. First, know the market for real estate. Introduction

  3. Likewise, the world of Portugal has also suffered from many economic troubles in the past years. The real estate or property market got its share of the 2008 global economic downturn. The average home’s value lost around 11% between 2011 and 2012.  Luckily, after a long run down in 2012, the market started to recover in 2013. A successful recovery occurred in 2013 and 2014, and the market began to grow steadily from 2015 onwards. The Portuguese economy and the real estate market are very similar. Since 2016, Lisbon’s real estate has been growing in value at an annual rate of around 2.5%. That’s not the most impressive market growth in Portugal. Some areas, like Santa Maria da Feira, have shown unprecedented annual growth of about 12%. As we all know, the secret to real estate purchases is location, location, and location. The Portuguese real estate market did not experience as much expansion as in some locations. The towns of Guimaraes and Coimbra exhibited a growth of only about 0.9% annually. Description

  4. Lisbon is the soul and heart soul of Portugal. Considered one of the cheapest European capitals, it increasingly draws ex-pats and investors alike. Many start-ups and tech companies have started moving to Lisbon, turning the city into a lively economic hub. The real estate market is hot in Lisbon. The prices in some sections of the city, like Lapa, Avenida da Liberdade, and BaixaChiado, increased dramatically with the incoming demand. Yet, many investors and buyers are still turning their eyes toward these trendy neighbourhoods. If you are looking for cheaper options, moving further away from the city centre helps. Some good examples are the neighbourhoods of Benfica and Amadora. Many young professionals choose to live in Estoril and Cascais. Being headquartered in these seaside towns makes a lot of sense because they are close to Lisbon by car and have lower housing costs. Why Lisbon?

  5. For more information related to houses for sale in Lisbon or real estate in Lisbon, you can go through our website, which will help you think wisely. Conclusion

  6. Visit us:-Av da liberdade N 110, 1st First floor.1269-046 Our website:- https://www.blackconcrete.pt/ Call us:- + 351 96 9954444 Contact Us

  7. THANK YOU

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