Lisbon is doing well for property investment

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Lisbon has been ranked 16th in the PwC list of the most attractive European cities for real estate investment 2022.

The 31 best European cities for real estate investment in 2022 have been compiled in a report by PwC and ULI.

Lisbon’s real estate market will continue to attract real estate investors in 2022 according to the latest report from PwC and the Urban Land Institute (ULI), which place the Portuguese capital among the 20 most attractive European cities for real estate investment this year. In this ranking, London occupies first place, followed by Berlin and Paris.

By analyzing the 31 European cities, PwC and ULI place Lisbon in 16th position in the ranking (-1 place compared to 2021). But it notes in its report “Emerging Trends in Real Estate – Road to Recovery” that the main indicators have improved compared to last year: the investment outlook has increased by 3.92 points, while the outlook for development progressed by 3.80 points. According to the report’s classification, from a local perspective, investment expectations in Lisbon are “good” in 2022.

At the top of the table is London, the capital of the United Kingdom (+1 position than in 2021). Even after Brexit pushed nearly 400 financial firms to Europe, “London may have the potential to reinvent itself,” the report says. Indeed, instead of focusing on being a financial metropolis, it can start to turn to technology and science. “The London market has depth and liquidity and, ultimately, what prevails in times of crisis is stability,” said Richard Garey, partner responsible for the business area at PwC Real Estate.

The German capital Berlin is the second most attractive European city for real estate investment in 2022, according to the list. And Paris (France), Frankfurt and Munich (both in Germany) are in the top 5. Demand in these cities is high. And “many people are excluded from Germany and Paris. And, by default, they look for alternative markets. Suddenly, “Lisbon, Madrid, Milan and Amsterdam continue to benefit”, he added.

On the side of Southern Europe – where cities like Lisbon or Madrid enter -, “real estate linked to leisure tourism should recover strongly from the impacts of Covid-19”, according to a local consultant who participated in the study. , which also sees the “German, Swiss and some Spanish investors very aggressive and eager to buy into the office market”.

At the bottom of the table are cities like Moscow, Russia, Istanbul (Turkey) and Budapest (Hungary). These are the least attractive cities for major real estate investors in 2022.

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