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Lisbon's Hot Property Market Leaves Buyers Struggling for a Home

date29 de novembro, 2017Imprimir
Lisbon's Hot Property Market Leaves Buyers Struggling for a Home

Lisbon's Hot Property Market Leaves Buyers Struggling for a Home

In central Lisbon’s property market, sellers are kings.

The Portuguese capital’s real estate boom is entering a new phase as a shortage of prime property in the city center is prompting some buyers to bid above the asking price for the last available units.

“There’s a big gap between supply and demand,” said Luis Tilli, a real estate agent at Lisbon-based HomeLovers, which is selling a three-bedroom, 236 square meter (2,540 square feet) refurbished duplex in the historic quarter of Chiado for 2 million euros ($2.38 million). “It’s reached a point where some investors offer to pay above the asking price just so they can close a deal.”rket Leaves Buyers Struggling for a Home".....



Link: Bloomberg