Property News · September 23, 2019

Portugal, Europe’s hottest property market, is becoming increasingly unaffordable for locals


Ana Guerreiro points across the street at a handful of housing projects in Lisbon’s up-and-coming riverside neighbourhood of Marvila. It is where she moved in with her mother last year after soaring rents meant she could no longer afford to live alone.“Prices have gone through the roof here,” said Guerreiro, 33, stepping outside the cafe where she waitresses for a break.Portugal is western Europe’s most dynamic property market thanks to tax incentives for foreign buyers and a so-called golden…

Source : South China Morning Post
Read more…Portugal, Europe’s hottest property market, is becoming increasingly unaffordable for locals

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