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THE MOST EXPENSIVE PRICE PER SQUARE METER HAS PASSED LISBON'S AVENIDA DA LIBERDADE

THE MOST EXPENSIVE PRICE PER SQUARE METER HAS PASSED LISBON'S AVENIDA DA LIBERDADE
By Joana P. . 4 years
Categories :
Real Estate Lisbon

The Renaissance of Avenida da Liberdade - the main avenue of Lisbon, began with the luxury segment of commerce. Now the housing market is back to this avenue.

The price per square meter at Avenida da Liberdade has spread to the other streets next to the avenue, for example, Avenida Duque de Loulé, Rua Alexandre Herculano, Rua Araújo Rosa and Rua Rodrigues Sampaio.

At Avenida Duque de Loulé you can find three buildings ("Sottomayor Residências") with 4 car parking floors and 97 apartments. The price of the apartments T1 with 71m2 and a parking space is €405.000 and of a T5 with 221m2 and four parking spaces will cost you € 1.7 million.

The trend of foreign buyers is beginning to change as well. According to Durão Pico - head of sales department in 'Fine & Country' real estate, in the case of "Sottomayor Residências" 50% of the buyers are Portuguese.

 

Learn more at: Diário de Notícias