Foreign investors continue to be attracted to Portugal by opportunities to purchase and renovate buildings, with the condominium Castilho 69 in Lisbon providing just the latest example. This €5m residential development involves the reconstruction of a building is located in one of the capital’s most iconic neighborhoods and will feature 92 apartments, one third of which have already been sold. Last year saw a record volume of American investment come into the Portuguese real estate sector, with €800m in transactions taking place in just the first five months.
