RESIDENTIAL INVESTMENT IN LISBON CENTRES ON CHIADO-PRÍNCIPE REAL

RESIDENTIAL INVESTMENT IN LISBON CENTRES ON CHIADO-PRÍNCIPE REAL

The totals produced by SIR – Reabilitação Urbana, now announced Confidencial Imobiliário, show that 250.3 million euros were invested in 2016 in the housing segment in the capital’s historic centre. 28% of this total applies to the districts of São Paulo, Santos, 24 de Julho and Bica, approximately 71.2 million euros. Alfama, Mouraria and Sé had investments of 29.9 million euros, 12% of total investment, and  the Baixa Pombalina 12% of the total, 23 million euros. Avenida da Liberdade, Barata Salgueiro and Glória had 9%, about 22.4 million euros.

According to Ci, the district of São Paulo has the highest average sale prices in the historic centre, at 5,653 euros/m². In the luxury sector, the most expensive houses sold were in the Avenida da Liberdade and in the Chiado, over 11,000 and 10,000 euros/m², respectively.

On looking at these results, Ricardo Guimarães, director of Ci, points out, “the increase in value in the historic centre varies greatly according to the locality, with very distinct price differences from district to district and according to the type of housing.”  He continued, “Some sectors are traditionally more expensive, such as the Chiado or the Avenida da Liberdade, but other, less traditional  districts are also emerging as such, as is the case with São Paulo.” 

 

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