Lisbon Real Estate to grow the rest of 2020?
Rich Start Spending As Lockdown Lifts; Here’s What They’re Buying
“Lisbon, Monaco, Vienna and Shanghai are the only four major prime residential markets set to see price growth throughout the remainder of 2020,”
said Knight Frank in a research note
said Knight Frank in a research note
Overall, overseas property searches were up 33% last month compared with May 2019.
Miles Shipside, a property expert at Rightmove, said:
“It’s still early days as we’re not out of lockdown yet and most airlines are still shut, but this is an indication that this has been a life-changing period for many who are reappraising both how and where they want to live.”
Spain, France and Portugal were the most popular destinations.
“It’s still early days as we’re not out of lockdown yet and most airlines are still shut, but this is an indication that this has been a life-changing period for many who are reappraising both how and where they want to live.”
Spain, France and Portugal were the most popular destinations.
We didn't expect this....?
I think most people expected the opposite – that prices would go down due to Covid19 crises. That doesn’t seem to be the case.
A week ago I had a drink at Klandestino – one of my favorite bars down the hill from us. Mostly because I thought they had a difficult times like us, and wanted to show my sympathy.
Their business is good!? And they were very optimistic about the future… a few days ago some of their guests bought two houses at Intendente which they took as a good sign.
Yesterday I killed time at the hairdresser browsing through old tweets. One of the first that caught my attention was a story from Forbes about investors buying properties in Lisbon.
This morning my Brexit refugee friend mailed me a story from Guardian that seems to confirm this.
… and coming weekend we have our first Post Covid guests.
So we’re optimistic, too.
Thomas
