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A waiting list to buy luxury properties in Cascais

A waiting list to buy luxury properties in Cascais
By Joana P. . 4 years
Categories :
Luxury Apartments

The interest of foreigners for Lisbon remains

 

The new real estate tax, which rate the property with taxable value above 600 thousand euros, is not affecting the sale of homes of the highest segment, according to Expresso newspaper. The interest of foreigners for Lisbon remains and widens even to other areas beyond more central districts. Security, sun and tax benefits as well as the tranquility and quality of life - is what the Portuguese capital provides .

 

The interest in such areas as Cascais and Estoril already have a waiting list, mostly foreign clients for properties with certain characteristics, such as sea view, parking, downtown proximity and values ranging between 500 000 to 800 000 euros.

 

Another reality that is currently taking place is the demand for real estate opportunities in less expensive areas of the capital. Since the values in Chiado, Avenida da Liberdade and Principe Real have reached very high levels, between 8000 and 10 000 euros per m2, those looking for property to invest has turned their focus to neighborhoods like Almirante Reis, the parish São Paulo, Santos and Avenidas Novas.

 

Source: Expresso