How far will the rise in property prices in Lisbon go? This is a question that we are entitled to ask following the sale of the most expensive real estate in the history of Portugal. It is a rooftop apartment with private pool, gym and spa overlooking the Tagus River. Although the penthouse was acquired for an amount deemed exorbitant, the owner of the penthouse asked to remain anonymous. The owner of Lisbon's most expensive apartment will also enjoy views of Eduardo VII Park or São Jorge Castle from its 260-square meter terrace. Is it too expensive for an apartment in Lisbon? Does it deserve its price of 7.2 million euros? Lisbob, the expatriate's assistant in Portugal, tells you all about this new real estate madness in the Portuguese capital.
After the euphoria of recent years, the rise in property prices in Portugal is declining and stabilizing. Investment in the residential market is starting to "lose momentum" at a time when demand is weakening and showing signs of slowing down. Lack of supply continues to weigh on prices, but less than before, also because of the upward trend in supply for new construction. With this change of cycle in sight, is it time to think about selling your property in Portugal ?