Hello Buyers!
By June, 3,760 transactions had been completed, totalling €1.953 billion.
In the first half of this year, 3,760 residential property acquisitions were recorded in Lisbon’s Urban Rehabilitation Area (ARU), representing an investment of €1.953 billion—a 29% increase compared to the €1.510 billion invested during the same period last year.
According to the latest data from Confidencial Imobiliário, based on preferential purchasing rights data reported by Lisbon City Council, this investment volume also exceeds the average half-yearly investment levels of the past five years. Additionally, in terms of transaction volume, activity is now 20% higher than the 3,140 transactions recorded per half-year in 2023.
During this period, private buyers accounted for 76% of the total number of transactions and investment value, completing 2,865 transactions worth €1.479 billion. Companies made up the remaining 24% of housing investment in the ARU, with 895 acquisitions valued at €474 million.
According to Confidencial Imobiliário, this increase in investment has been driven by both private buyers and companies. Private individuals boosted their investment by 32%, with a 19% increase in transaction volume. Meanwhile, corporate investment rose by 21%, with transaction volume up by an additional 21% compared to the same period last year.
Among the various areas in Lisbon, Avenidas Novas stands out with 340 transactions totalling €235 million, representing 9% and 12% of total half-year activity, respectively.
Estrela ranked as the second most sought-after parish, with 280 property purchases and €196 million invested, corresponding to 7% and 10% of the half-year’s total, respectively. These two parishes showed significant increases in investment volume, with Avenidas Novas rising by 83% and Estrela by 30%, compared to the half-year average in 2023.
However, the most substantial growth in housing investment activity was recorded in São Vicente, Alvalade, and Belém. In São Vicente, investment volume increased by 179% to €102 million, capturing a 5% market share. Alvalade saw an increase of 129%, reaching €165 million and becoming the parish with the largest market share at 8%. Belém’s investment volume rose by 126% to €138 million, holding a 7% share of the total.
It should be noted that Lisbon’s ARU includes all parishes in the city, except for Santa Clara, Lumiar, and Parque das Nações.
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