Property Match have partnered up with an established
Lisbon based Real estate company to bring you and
exciting offering of various Residential/Commercial
development opportunities in Lisbon, Portugal.

We offer an end to end service; from sourcing the properties, to arranging inspection trips, negotiating the sale, liaising with lawyers, finance houses, architects, city hall, construction companies and right through to resale of refurbished apartments.

This building is to be demolished and rebuilt as a hotel with a spa, hydro massage and conference room. Planning for this project has been approved.
A total of 88 rooms and 3 suites has been approved.
There will also be a total of 35 carparking spaces.

Total area for construction: 3.658 m2

Refurbished Buildings
• Government want urban renewal
• 4,500 buildings in the city require renovation
• Old rental contracts fixed for 50 years
• Landlords could not increase the rents
• Buildings became run down
• Last year laws changed for old rental contracts
• It is now possible to increase rents provided that the landlord renovates the building

Renovation of City Buildings
• Most buildings are 100 years old
• Any tenant living in these buildings are a minimum of 70 years old
• Example:
• Old rent can be approx €25 for an apartment of 170m2
• Value of a new apartment 170m2 = €3,000m2 x 170 = €510,000
• The legal municipal value on rental is 4% of price - €20,400 per year or €1,700 per month
• From 4,500 buildings: 300 belong to council and 350 are currently awaiting planning approval to reconstruct in council.

What is happening in the market now?
• Buildings are coming onto the market for sale.
• Landlords are selling to investors and developers from Portugal, Spain, Italy and France are buying up.
• Investors are buying blocks and once planning permission is through putting it back on the market at a profit.
• Other investors go through with construction and sell apartments to the local market.
• Prices have risen approx 20% within the last year in this sector
• Locals are buying up these new built or renovated apartments
• Portuguese have one of the highest rates of owner occupiers in Europe
• Population of Lisbon is 4 million, only 500,000 live in the City now
• There is enough accommodation in Lisbon to house 2 million people
• New International Airport under construction in Lisbon.

What is happening now in the market?
• Due to fixed rents no money was being invested in maintenance of the buildings and the standards dropped so residents moved out of the City
• New modern apartments are in high demand in Lisbon City
• Trends are changing and Portuguese are moving back into the City from suburbs as renewal is taking place
• There is not enough supply to meet the demand
• At the moment the price of property in Lisbon is only 1/3 of the average price of property in all European capital cities
• The real estate market in Portugal has been increasi