International demand propels Lisbon’s resi market

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Lisbon’s residential market has been growing. International demand explains an important slice of that growth, with international demand considering Lisbon a valid option where to live. Colliers International studied international demand and estimates the future trend of a novel reality, of which Madonna is the visible face.

Portugal's increasing international appeal is intertwined with tourism growth and the recent regulatory framework intended to attract international demand (Golden Visa, NRR Tax Regime). Colliers International estimates international demand to account for a quarter of the overall residential market volume, in Lisbon.


2017 International demand 2

International demand propels Lisbon’s resi market

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Joaquim Chambel

Managing Director

Lisbon

Prior from joining Colliers, Joaquim was a director in RAR Imobiliária - a property company - managing its property portfolio and the property development arm of the firm, engaging in land negotiation, project definition, construction contract and construction control, marketing and sales. Developments started and finished under his tenure amounted to 220 million euros sales figures.

He then joined Colliers in 2004. Within these last years the company has grown more than threefold (prior to the financial crisis) and expanded its staff by 2. The company is primarily focused on professional services and is also active in transactional services. Joaquim is also the responsible for the opening and supervision of the office in Angola, which started operations in mid 2009.

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Gustavo Castro

Head of Porto Office

Porto

Gustavo joined Colliers in 1999 as a Junior Consultant. Gustavo's work was highly appreciated and in 2000 became Senior Consultant. In 2001, Gustavo was appointed head of the Porto office. In 2007 and 2008, he assisted Colliers' local offices in Africa (Mozambique and Angola).

Since 2008, Gustavo is not only responsible for the Porto office but also for the Research Team.

The Research Team has vastly improved their performance, covering several types of properties and periodically monitoring the most important property markets.

You can connect with me on LinkedIn.

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