The average selling price of buildings over 500 m² in Lisbon increased by 34% in the 12 months to the end of the second quarter of 2019 to 2,915 euros / m².

These figures are now released by Confidencial Imobiliário and concern the territory covered by the SIR Urban Rehabilitation, which covers 17 central parishes of Lisbon.

Campolide is the parish where this type of building is more expensive, with transactions recording an average selling price of 4,246 euros / m², followed by Belém, with a value of 4,071 euros / m². Santo António, Santa Maria Maior and Estrela recorded prices between 3,000 and 3,900 euros / m² in the period analyzed.

The price increase was transversal to almost all parishes, according to Ci, which highlights Alvalade, which reached 2,542 euros / m², and Alcântara, with a value of 2,394 euros / m², compared with less than 1,000 euros / m². to which both parishes traded this type of assets a year earlier.

Santo António, Arroios, Avenidas Novas, Santa Maria Maior and Estrela are the main investment destinations, representing 14% to 9% of sales of buildings of this size in these 12 months. Areeiro, Alvalade, Penha de França, Ajuda and Campolide, with shares of only 2% to 6% of the total, are the new points of interest, with the largest growth in trading of these assets until the second quarter of this year, with increases of more 50%.

It should be noted that, overall, the number of sales of buildings over 500 square meters fell 9% in the total territory covered by the SIR-Urban Rehabilitation, with decreases always above 16% in all parishes.

Source: VidaImobiliaria.com