Lisbon property news

MESPIL, a Portuguese-Irish property developer focused on pan-European investment and asset management, has received 7 awards at the International Property Awards.

The luxurious 14th floor apartment ‘Castilho 203’, in the centre of Lisbon, ended up being bought for 7.2 million euros after being disputed by three millionaires.

Portugal was voted the world's most gay friendly destination (alongside Sweden and Canada), according to the Spartacus International Gay Guide Index 2019.

There are 260,000 square metres (2.8 million square feet) of new constructions in an area of approximately 20 hectares.

29 new luxury apartments are due to be built at number 95, Avenida da República in Lisbon and because of its status as a classified property, the buyers of any future apartments there will be exempt from having to pay the IMI and IMT property taxes.

The effects of the real estate pressure currently being experienced in Lisbon are beginning to spread to the other side of the Tagus River.

The real estate segment focussed on offices in Europe, especially the development of greenfield projects and/or the rehabilitation of old buildings, continues to offer interesting investment opportunities both for investors with a core profile and for investors with a value-added profile in Europe.

After the regeneration of the historical centre comes the Alta de Lisboa. This is the area of the Portuguese capital that will receive more than 500 new apartments in the coming years, in an investment totalling around 200 million euro.

The Queen of Pop, Madonna, is preparing to leave Portugal.

Lisbon has an exclusive, luxury residential area with private villas just a few metres from the Torre de Belém and the Tagus River.