If the city of Lisbon remains in the same tier as other large cities of the European continent, it is owing to the fact that increasing numbers of international investors acknowledge the strong potential that this city possesses.
The 2019 Global Property Market Index which has been conducted and published by the UBS – a Swiss bank – has identified which cities across the globe are fairly valued and which are facing a considerable risk of property market bubble at the moment. The city of Munich has ranked as number one on the list of top seven cities which are high at risk. Munich was closely followed by the city of Toronto, the city of Hong King, and the city of Vancouver, all of which are also considered to house high-risk property markets.
Even though the city of Lisbon is not on this list, thanks to the measures which have already been adopted by the Bank of Portugal to prevent this, the recently conducted studies published by the National Institute of Statistics – the INE – have indicated that the prices of property have soared across the country of Portugal – most particularly in the capitol – over the past years. The lack of adequate action undertaken by countries for the purposes of lowering the risk of the imminent property market bubble is worrisome. However, if one is considering property investment in the country of Portugal, or if they want to know what can be done for their current investment if they already have one in the country, our team at PropertyLisbon is always available to answer all their questions and to provide advice on the subject, as well as provide the best possible solutions.
To learn more about why investing in the property market of the country of Portugal, one may read more about how to purchase property in Portugal on our website. If one wants to make sure that their property investment in Portugal is safe from the property market bubble, our After Sales program department will address all of their question in relation to their property investment. One may also get in touch with our After Sales program department through our website.