Where can I find investment opportunities in luxury real estate in Lisbon?
Lisbon represents an exceptional opportunity for investment in luxury real estate, especially as demand has been on the rise from international buyers, including American and Brazilian investors. Key areas within Lisbon, such as the historic districts and waterfront neighbourhoods, are experiencing vibrant growth, with properties that showcase both architectural beauty and modern comfort. Investors are drawn to Lisbon for its cultural richness, dynamic lifestyle, and the promise of significant returns on investment. This city combines historical charm with contemporary amenities, making it ideal for those looking for a profitable real estate venture. The increase in luxury housing prices has not deterred buyers, as they continue to see Lisbon as a top choice for investment due to its unique market advantages. Properties often come with luxurious features and are located near cultural attractions, dining, and schools, appealing to a wide range of potential residents. As Lisbon’s property market strengthens, it is a prime time for investors to explore listings with high growth potential. The Knight Frank report supports this trend, indicating that investors are keen to purchase luxury homes. Don’t miss out on the chance to invest in this vibrant market. Contact us to explore investment opportunities in Lisbon before they’re gone!
This is a conclusion presented by Knight Frank's 'The Wealth Report 2024', which places Portugal among the 10 preferred countries to buy luxury homes in 2024.
International investors were asked in this study about the countries in which they would probably buy a new house in 2024. They indicated that there is a 3.8% probability of buying luxury houses in Portugal, placing Portugal in ninth position in a ranking that has 10 countries.
Buyers from the United Kingdom are most likely to buy a new home this year (17.7%), followed by the USA (9.8%) and France (7.2%).
The Knight Frank study predicts an increase in international investors, with a net worth equal to or greater than 30 million dollars. In 2023, 800 luxury housing investors were registered, 3% more than the previous year. By 2028, the outlook points to Portugal attracting a thousand investors, which represents a growth of 25% compared to last year.
The study shows that the Algarve is most sought after by the English, Irish, and northern European markets. The Lisbon and Cascais market is seeing an increase in demand from American and Brazilian investors, according to Alex Koch de Gooreynd, responsible for the Swiss, Austrian and Portuguese markets at Knight Frank, cited by Jornal Económico.
Prices of luxury homes in the Algarve rose 12.3% in 2023 compared to the previous year, the fourth biggest increase among the 100 cities analysed. In Porto, prices rose by 5% and in Lisbon by 2.2%. However, the high cost of housing in these regions is unlikely to influence demand from wealthy foreign investors, with demand even expected to grow this year.
