Investing Portugal

Investing in Property in The City of Lisbon / Navigating a Growing Market – Tourism and The City of Lisbon

Tourism and The City of Lisbon

As the city of Lisbon continues to grow in stature and the investors continue to arrive to the country of Portugal, there is one question that our team of expert property investment consultants at PropertyLisbon is constantly asked – Is it still possible to find a good property investment deal in the city Centre of Lisbon; Does one need to look outside of the main city areas such as the Baixa area and the Chiado are of the city of Lisbon in order to find a good property investment opportunity, or is it still possible to enter the property market in the best areas that the historical city of Lisbon has to offer?

Tourism and The City of Lisbon

Next, we have the increase in the tourism industry and the foreign tourist activity all across the country of Portugal,

but most importantly in the city centre of the Portuguese capitol – the city of Lisbon. The city of Lisbon has experienced an increase of enormous proportions over the last six years – With the city airport now at capacity with more than twenty million passengers passing through it each year, and with the numbers of tourists in the city centre of Lisbon increasing from six million to more than eleven point five million, it is clear to see that the city of Lisbon is one of the leading city breaks in the world.

What does that mean for investors though? First and foremost, it means higher rents and fantastic occupancy rates, with certain areas of the city of Lisbon, such as the Baixa area experiencing occupancy rates of over eighty percent throughout an entire year. It is also worth mentioning that returns rates are significantly higher that interest rates in the city of Lisbon as well, which makes the historic capitol of Portugal a prime location for buy to let property investment.

So, taking all of this into consideration, the answer to the question “Is it still possible to find a good property investment deal in the city centre of Lisbon” the short answer is “Yes”.

 

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