An international outlook and visa incentives boosting Lisbon property market

International developers are boosting the property market in Lisbon while Government incentives are attracting more buyers from overseas, a new real estate insight report shows. In particular Government incentives’ known as the golden visa scheme, have been popular with figures showing that 7,291 residence permits have been granted to non-EU residents since its start in 2012. The report from international real estate firm Knight Frank points out that prices are competitive in Lisbon €1 million buying 125 square metres compared to London where it only buys 43 square metres. Overall, international demand is strengthening with interest from Brazil, Turkey, France, the UK and China and buyers are also encouraged by more than just affordable prices, looking at a low cost of living, improving global transport connections and growth in investment.