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Property Market Update – Lisboa – Julho 2020

Property Market Update – Lisboa – Julho 2020

This report compares the 1st quarter with the period between March and May 2020, that is, broadly speaking, the period before and after the pandemic.

Highlights:

  • The number of transactions fell by almost 50%. Arroios was hit harder, with -70%. Beato was the least affected, rising +23%;
  • The Eastern part of the city was less affected than the Western part (drops in transactions of -67.2% in Alcântara and -62.7% in Belém, and increases of + 17.4% in Marvila and 22.6% in Beato);
  • The transaction price/sqm fell slightly by -4.7%, with the greatest impact in Alcântara (-17.9%), Campolide (-17.6%) and Santa Maria Maior (-15.3%);
  • The Asking Price/sqm remained practically unchanged (+0.6%), and the available inventory increased 5.5%;
  • According to the first provisional data for June and the beginning of July, the market is recovering, although still at levels below 2019 (about -10% in the number of transactions).

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Cristóvão Matos

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