The capital city of Portugal and the largest city in the country is, like Porto, located on the Atlantic coast. In contrast to Porto, Lisbon is a much more lively metropolis. Here you can find a combination of tradition, modernity, and liberal thinking just like in other European cities. Lisbon’s unpretentious charm and cosmopolitan character make it increasingly popular among foreign investors.
The city has no internationally known landmarks like the Berlin Wall or the Eiffel Tower. Nevertheless, it convinces with its great variety of different attractions, cultural offerings and infrastructure. It also offers ideal excursions to nearby destinations such as Sintra, Cascais, Mafra, Óbidos or Sesimbra. The beautiful beaches by the Tejo estuary can be reached within 30 minutes from the city centre. The demand for apartments and houses has increased significantly in recent years. In particular, the rental to tourists by private individuals has increased so much that even politicians are concerned with the effects this might have on the city. In some areas, renting as an Alojamento Local has been suspended. This means that no more licenses are issued. Old permits remain valid. An overview of the city regarding the districts without new licenses can be found here.
If you want to buy real estate in Lisbon, you should take a close look at the location within the city. Realtors are not always the best source of information for purchasing a property in Lisbon. At Pearls of Portugal, we always ask the City Council directly whether an apartment is affected by the license restriction or not. In the middle and upper price segments, however, the range of real estate is still very diverse, the performance is stable, and the prices are still below the European average. Even in the very trendy suburbs of Sintra, Cascais, and Sesimbra, you can buy affordable houses and villas. Feel free to contact us.
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