Dear Luis the reason that prices are so high is because of several reasons, one is because there are not enough properties for sale, if the government made it easier to do renovations then there would be a lot more properties and the prices would go down. Just in Praça de Armada in Estrela there are over 6 abandoned big buildings for example that are owned by the CML. Our company does historic restoration and renovations, so we really know how complex and difficult the process of renovating a building and even an apartment can be. Many people have moved to Portugal, almost a million in the last few years, and as you know that was necessary ,since the birth rate could not sustain the financial burden of the country.
Dear Luis the reason that prices are so high is because of several reasons, one is because there are not enough properties for sale, if the government made it easier to do renovations then there would be a lot more properties and the prices would go down. Just in Praça de Armada in Estrela there are over 6 abandoned big buildings for example that are owned by the CML. Our company does historic restoration and renovations, so we really know how complex and difficult the process of renovating a building and even an apartment can be. Many people have moved to Portugal, almost a million in the last few years, and as you know that was necessary ,since the birth rate could not sustain the financial burden of the country.
Real estate speculation by foreigners is making impossible for locals to buy or rent a house