Property development

Every year, millions of euros are invested in improving detached and semi-detached houses to increase their market value for sale or rental purposes, trying to make the most of the improvements made.

Not only is Porto in fashion, it's on the radar. Whose radar? That of investors and international markets.

The Algarve, Costa de Plata and more recently Lisbon: the domestic housing market is red-hot and more and more foreigners are investing in Portugal, a scenario that should continue in the near future, predicts Colm Wilkinson, regional manager of PortugalProperty.com Lisbon, in an interview with idea

Lisbon has definitely entered onto the radar of foreign investors, a scenario that is not just a passing trend, but seems to have come to stay. Colm Wilkinson, Regional Manager of Lisbon PortugalProperty.com, moved to Lisbon 13 years ago and says he is in love with the capital.

Lisbon has at least 44,000 derelict properties, 10,000 of which are in the city centre. It’s not only in the capital that there are properties in need of some TLC, though.

Too much demand and too little supply – it’s a scenario that continues to fuel the rise in the property prices. In the last year alone, prices have increased by 12.8%, the largest increase since 1992, according to data from Confidencial Imobiliário (Ci).

More houses and cheaper. In the end, though, where are these houses? Nowhere. The Portuguese real estate market is in the middle of a drama: there is a lot of demand and little supply at affordable prices.

One catamaran, 50 real estate professionals and just one aim: to explore the land of the three projects that make up Lisbon South Bay.

The ‘Cidade da Água’, City of Water, which will be built on the old Lisnave lands in Almada, is well underway.