Karl Lagerfeld’s luxury homes in Lisbon set to cost €20,000 per m²
The Karl Lagerfeld Residences project in Lisbon is indeed going ahead. The Lisbon municipality has approved the construction of the branded residences project, which will feature the most expensive homes in the country, with prices around €20,000 per square meter (m2).
Luxury house prices in Portugal rise by 6.5% in a year
The latest analysis by idealista reveals that the houses for sale with the highest prices on the market (10% of the total supply) are becoming even more expensive, with prices rising by 6.5% in April 2024 compared to the same month last year. The price increase of these most exclusive properties in the country was similar to the overall market, which saw a 6.4% rise during this period.
Portugal's richest families live where houses are most expensive
The richest families in Portugal earn around 21,000 euros gross per month. And they live in the municipalities of Lisbon and Porto, on their outskirts, and in Loulé, concludes the most recent analysis by the Ministry of Finance.