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The Luxury Real-Estate Scene in Lisbon
Lisbon, the capital city of Portugal, has emerged as a hotspot for luxury real estate in recent years.
The city's stunning architecture, rich culture, and thriving economy have attracted investors and high net worth individuals from all over the world.
With its beautiful weather, rich history, and bustling urban scene, Lisbon offers a unique blend of old-world charm and modern-day amenities that make it an ideal destination for luxury living.
The Luxury Real Estate Market in Lisbon
The luxury real estate market in Lisbon has been on an upward trajectory for the past few years. According to a recent report by property consultant, Knight Frank, Lisbon ranked fourth globally in terms of the price growth of prime residential properties. The report showed that prime residential properties in Lisbon increased in value by 10.5% in 2020, compared to 5.5% in 2019.
Lisbon offers a range of luxury real estate options, from historic apartments to modern penthouses, and from classic villas to contemporary homes. Many of these properties are located in the city's historic neighborhoods, such as Alfama, Bairro Alto, and Chiado, which offer a unique blend of old-world charm and modern-day amenities. These neighborhoods are known for their narrow, cobbled streets, stunning views, and a wide range of shops, restaurants, and bars.
Luxury properties in Lisbon are highly sought after by foreign investors, particularly those from the United States, United Kingdom, Brazil, and France. These investors are attracted to Lisbon's favorable tax regime, as well as its relatively low property prices compared to other major European cities.
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The luxury real estate market in Lisbon offers excellent investment potential. The city's economy has been growing steadily in recent years, with a strong focus on technology and innovation. This has led to an increase in demand for luxury properties, particularly among high net worth individuals and expats.
Furthermore, the Portuguese government has implemented several policies to attract foreign investment, including the Non-Habitual Resident (NHR) program, which offers tax incentives for foreign residents. This program has been particularly attractive to retirees, entrepreneurs, and other high net worth individuals looking for a favorable tax regime.
Another factor driving the luxury real estate market in Lisbon is the growing trend of remote work. With more people working from home, many are looking for properties that offer more space and a better quality of life. Lisbon, with its sunny weather, stunning beaches, and vibrant culture, offers an attractive alternative to more traditional remote work destinations.
In conclusion, the luxury real estate market in Lisbon is a growing and attractive investment opportunity for high net worth individuals and investors from around the world. With its stunning architecture, rich culture, and favorable tax regime, Lisbon offers a unique blend of old-world charm and modern-day amenities that make it an ideal destination for luxury living. Whether you are looking for a historic apartment in Alfama or a modern penthouse in Chiado, Lisbon offers a range of luxury properties to suit every taste and budget.