Lisbon overtakes Madrid, Barcelona and Milan and becomes the most expensive capital city in southern Europe

Tram in the city centre of Lisbon

This is one of the conclusions of the latest Residential Market Report from CASAFARI, the largest real estate database in Europe. According to the statistics, the Portuguese capital saw an increase of 5,4% in the asking price of properties, while rents skyrocketed with a positive variation of 23.2%.

The report analysed data from the months of June to August 2022 and took a deep dive into 5 European cities: Lisbon, Madrid, Barcelona, Paris, Milan.

The statistics show:

  • the average price per m2, both for sale and rent,
  • supply and demand in the listings inside CASAFARI,
  • residential properties, from studios to 3 bedrooms.

“Considering the increase in rents and the potential destabilisation of sale prices, it seems to be a great time for investors in this asset class, which is seen as a safe and very attractive investment in these turbulent times”.

Juan Ruiz, Senior Transaction Specialist at CASAFARI

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