Latest news and stories about property market in Lisboa, Portugal for expats and residents.
The book '108 voices for housing', launched at the Lisbon Book Fair, features diverse perspectives aimed at elevating the national discourse on housing policy and market challenges.
The Portuguese state has sold two vacant buildings in central Lisbon for 20 million euros, a price point that likely precludes their original intended use for public housing.
An analytical look at the property market reveals that Lisbon has become the least affordable capital city in Europe, driven by rising costs of living and housing.
Lisbon has joined major European cities like Barcelona and Milan in rolling back tax incentives for digital nomads and restricting short-term rentals to address severe housing shortages and market saturation.
A report highlights the significant price gap in the housing market, noting that foreign buyers are willing and able to pay 43% more for properties compared to local Portuguese residents.
This Wednesday features the ECO Festival's 10th-anniversary celebration, a parliamentary debate with the Prime Minister, the release of INE's April housing evaluation survey, and the publication of the financial stability report.
With only four months remaining until the European recovery fund deadline, the Minister of Infrastructure reports that 20,000 of the planned 26,000 houses have been completed under the Recovery and Resilience Plan.
Eight vacant government properties in Lisbon, recently sold or slated for auction, represent a missed opportunity to create approximately 450 public housing units.
The Casa para Viver platform is petitioning the President of Portugal to declare the housing crisis a national emergency, advocating for rent controls and eviction protections ahead of nationwide protests.
The Oeiras City Council has approved a significant real estate development at the former Foundry site, which contradicts the foundational principles of New Oeiras.
The Lisbon City Council has cancelled 40% of local accommodations due to inactivity, marking a significant move in the city's management of 'ghost' AL licenses. This week's highlights also include insights from César Araújo on the influx of Asian products into Europe, discussions on the PRR, and advancements in Quantum Computing. Other topics cover the unpredictability of European funds and TAP's potential role within the Air France/KLM group.
Reported house prices rose 16% year‑on‑year, but the data provided appears inconsistent: the body states prices reached €2,111 per square metre in Q3 last year, while the headline claims €5,000 per square metre in Lisbon. This likely reflects different measures or geographies (national average vs Lisbon city centre, asking vs transaction prices). Verify source breakdowns and timing; implications include tighter affordability, stronger expat/investor demand in Lisbon, and amplified regional divergence in the housing market.
Cascais City Council has exercised its right of first refusal to buy 32 plots near Quinta da Marinha for €30 million, blocking a sale the owner had negotiated with two private firms. The council approved a loan to finance the acquisition, raising issues about use of public funds to secure strategic, high-value land in one of the municipality’s most expensive areas and the implications for local planning and market dynamics.
Benfica members approved the “Benfica District” project at an extraordinary General Assembly, with 59.24% voting in favour. The development — a campaign pledge of re-elected president Rui Costa — aims to transform the area around the Estádio da Luz, increase stadium capacity and will have material implications for the club's revenue streams, the local property market and urban infrastructure planning.
Real estate developer AM48 is preparing to start construction on the Thomaz and Telles buildings, part of the 1965 Cidade Jardim development in Loures, with an investment of around 60 million euros. According to the company, 35% of the apartments have already been sold. The first building will feature 46 apartments, while the second will consist of 77 units, ranging from one to four bedrooms. Amenities include private parking with electric charging pre-installation, storage units, common areas, coworking spaces, a swimming pool, green spaces, and balconies or terraces. The overall 1965 Cidade Jardim project involves seven buildings and 400 apartments, with a total investment exceeding 140 million euros, and will include 7,000 square metres of retail and service space. The developer will ensure BREEAM certification. Plans also include planting over 400 trees and shrubs, creating two new playgrounds, a viewpoint, a sports field, and a kiosk area. Other developments mentioned include 150 million euro towers transforming Gaia by 2030 and Libertas launching a 'Portuguese construction' concept with a 70 million euro investment in Montijo.
The development consists of ten residences, starting at 234 square metres each, in the centre of Lisbon, near Marquês de Pombal. The developers guarantee that the luxury apartments already have interested parties and that some are Portuguese.
From Sintra to Seixal, the Santa Casa da Misericórdia de Lisboa (SCML) will hold a public auction on July 9th for eight properties with a total base value of 14.58 million euros. The auction is part of the restructuring plan that the institution began in 2024, which includes the sale of assets.
The comparison might seem stupid, but sometimes, here inside my tent, trying to survive, I feel like part of a human experience that I am not truly a part of. Chronicle by Cláudia Lucas Chéu
Portuguese local authorities have already cancelled 10,324 local accommodation (AL) registrations as part of a review of establishments deemed inactive, a process that has been ongoing since the end of last year, reports Diário de Notícias. Lisbon City Council was the first to act, ordering the cancellation of 6,765 of the approximately 19,000 units.
In short, we are living in a moment where the gap between asset prices and their intrinsic value seems larger than usual.
The 'Construir Portugal' (Build Portugal) strategy was presented as a structural response to the housing crisis. However, an economic and financial analysis of the approved incentives suggests a different conclusion: the programme is designed primarily to make medium-to-high-end real estate projects more profitable, particularly in the Lisbon Metropolitan Area. The main incentive provided is the application...
Where the pressure is at its peak, in Lisbon and Porto, where rent devours entire salaries and the tenant is the perfect portrait of the furious voter that theory imagined, no left-wing anger was born.
“It is very important to elevate the housing debate,” welcomed Patrícia Gonçalves Costa, who is also the author of one of the 108 texts, highlighting the “plural” and “informed” thinking of the book.
The company that manages municipal neighbourhoods says it is necessary to “ensure the protection of vacant properties and safeguard heritage.” Actions are focused on the Boavista, Cruz Vermelha, and Padre Cruz neighbourhoods.
The two cities are confirmed as the primary centres for the retail property market in the country.
The Bank of Portugal has hired Sérvulo via direct award for specialised real estate services for a two-year period. The bank has properties in Lisbon to sell, and the audit board has already exerted pressure.
Everything is there; in Rato Square we see Portugal to its very core. We pass by and understand what our country is like: disorganised, poor, dirty, full of the superfluous and devoid of reforms. Rato Square is a showcase exposed to the four winds of what we claim not to be when we present ourselves to tourists...
“The complexity of the housing problem cannot be reduced to ideological bias; the problem must instead be approached from an inclusive perspective, in which different solutions are mixed and multiplied” - Excerpt from the article by the Mayor of Lisbon to be published in the book '108 Voices for Housing', coordinated by ISCTE, which Expresso previews.
Real estate developer Overseas has kicked off sales for the ten ultra-luxury apartments at the Karl Lagerfeld Residences, the first of its kind in the branded residences category in Lisbon. It will be on sale in 10 countries – Portugal, Spain, France, Germany, the United Kingdom, Ireland, the USA, Brazil, Dubai, and China – and was officially presented this Tuesday at...
