Lisbon housing among world’s cheapest

5 May 2016

Lisbon is one of the cheapest capitals in the word to buy apartments in, according to the Global Property Guide. If ranked the city 62nd worldwide in terms of the price square meter of living space. Monaco took the prize for most expensive city, follow by London. Sales prices of apartments in Lisbon are currently between €103,000 and €431,000, however these are meant for consumers whose average wages range between €476 and €1,951 per month. Yields on residential properties are currently at between 5.43 percent and 6.17 percent, while the price per sqm goes for between €1,200 and €2,464 and rental rates are between €9 and €11 per sqm. In Monaco, flats sell for prices that range from as little as €1,740 per sqm up to €10,370.

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