Luxury Portfolio Vol. 08 Issue 01 - Gary E. Richardson

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ATTRACTING LUXURY BUYERS

NEW DEVELOPMENTS

5-YEAR PREDICTON

Condominiums, private villas with sea views, refurbished buildings with luxury amenities, balconies, open kitchens, spacious communal areas.

In high demand and typically sell very quickly once they hit the market.

Due to recent trends in the market the prices of luxury homes in Lisbon are expected to continue to increase by about 20% over the next 5 years.

Traditional affluent neighborhoods, tranquil lots, sea views, large homes within 30 minutes of downtown, ability to renovate.

Our experts predict modest growth over the next 12 months. This is primarily due to high home prices, a low level of transactions combined with low interest rates, low unemployment rates and below average new housing supply.

The transaction volume of new developments has increased and at certain times contributes about half of the total residential transaction volume.

Since Brexit, home prices have seen a consistent decline, however our experts predict that prices will stabilize over the next year followed by a gradual increase over the next 5 years.

Although political change is evident, new construction continues despite the actions of the government.

Luxury concierge services, privacy, exclusivity.

Prices are expected to rise in prime locations each year. Our experts predict there will be a yearly increase overall of about 0.6% in the area.

The first few months of 2017 showed an increase in issued building permits in premium destinations.

Beachfront properties in premium destinations, properties in bigger cities near shopping centers and the airport.

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