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.