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Portugal's housing crisis takes centre stage at Lisbon real estate expo

Lisbon's skyrocketing home prices push young buyers to the brink. Can a €70M Montijo development—and bold new ideas—turn the tide?

The image shows an old map of Lisbon, Portugal, with a building in the background. The map is...
The image shows an old map of Lisbon, Portugal, with a building in the background. The map is detailed, showing the streets, buildings, and other landmarks of the city. The text on the paper provides additional information about the city, such as its population, history, and culture.

Portugal's housing crisis takes centre stage at Lisbon real estate expo

In the last quarter of last year, housing prices surged 17% compared to the same period in 2023.

Lisbon, Cascais, and Oeiras have the highest property values in the country, according to new data released by Portugal's National Statistics Institute (INE).

In the capital, prices hover around €5,200 per square meter—figures nearly unattainable for young buyers.

At the 29th Portugal Real Estate Exhibition, projects aimed at tackling the housing crisis are on display.

Real estate group Libertas unveiled a €70 million development in Montijo, a 217-unit residential complex primarily targeting younger buyers.

Media conglomerate Impresa also attended the event with a stand for its Expresso newspaper, where a live recording took place for the podcast "Keys in Hand."

With homeownership increasingly out of reach, recent Eurostat figures show Portuguese youth leave their parents' homes at an average age of 29—one of the latest in the European Union.

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