Emerging Trends in Europe 2019 ranked the real estate markets in major European cities according to their overall investment and development prospects.
With some of Europe’s major markets judged to be peaking, attention is shifting to smaller, dynamic cities; the “rising stars”.
This year’s choice for overall prospects is Lisbon, rising 10 places to number one. Interviewees cite the city’s “quality of life” and “positive” leadership. Plus, it’s seen as a late-cycle play.
“It’s not just about investing in London, Paris, Frankfurt and Amsterdam. There can be a whole second tier of cities that win on a number of different measures,” says a pan-European investment manager.
Portugal’s economy is growing healthily and its capital is now an international destination for companies, investors and tourists.
“It’s on everyone’s platter of cities they like,” says a European fund strategist.
“Everyone is talking about Lisbon now”, says a private equity investor, as the Portuguese capital takes the top spot on the Emerging Trends Europe leader board.
You can read the full report by PWC here.