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The Portuguese Property market Thrives and Fuels Prices – The City of Lisbon

The City of Lisbon
More good news for the Portuguese property market sector has been that the city of Lisbon has been announced as the number one destination for property market investment in Europe for 2019.
This is according to the most recent edition of the “Emerging Trends in Real Estate” – a study done by the PricewaterhouseCoopers – The PwC – and the Urban Land Institute.
The study has stated that after the heyday of the mature property markets, the interest now lies in the smaller but dynamic cities.
Even though the city of Lisbon, the capitol of Portugal, was not featured in the top ten this year – 2018 -, it still seems set to outstrip cities such as Berlin – the number one property market to watch in 2018 -, Dublin, and Madrid, in terms of demand next year. “With some of the major markets in Europe having been judged to be peaking, the attention is now shifting to smaller, dynamic cities: the so-called “rising stars’”, the report has explained, adding: “The city of Lisbon is this year’s choice for overall prospects, rising 10 places to Number 1”, largely thanks to its “still relatively cheap labour and real estate”, “outsize returns” and “quality of life”.
The report has stated that the ten major cities that have been earmarked by investors for 2019 – the city of Lisbon, the city of Berlin, the city of Dublin, the city of Madrid, the city of Frankfurt, the city of Amsterdam, the city of Hamburg, the city of Helsinki, the city of Vienna, and the city of Munich – represent a “mixture of smaller and exciting newcomers, and larger tried and tested markets”. Additionally, the latest drop in the petrol prices in the country of Portugal has been the biggest one since the beginning of 2016, while the overall prices in the country of Portugal are now the same as they were back in the month of May this year, after several successive months of price hikes.
Since the last month, the price of diesel in the country of Portugal has fallen by seven cents a liter, while the price of the unleaded petrol in the country of Portugal is now twelve percent a liter cheaper.