Luxury housing rents in Lisbon rose 7.6%, representing one of the biggest increases among 30 world cities analyzed by real estate consultancy Savills. This growth places Lisbon among the most dynamic markets in the high-end housing segment globally.
Rental in this segment is being driven by the scarcity of supply for sale, which has led more potential buyers to opt for rental as an alternative. The accumulated demand for luxury properties, both for purchase and rental, has exceeded availability in the Lisbon market.
According to Savills data, rental values in the luxury segment in Lisbon already surpass those of cities such as Madrid and Berlin. This reflects the growing attractiveness of Lisbon for investors and residents in the premium market, despite the significant increase in values practiced.
Real estate consultancy Savills identifies this trend as a common phenomenon across several world cities, where the limitation of available supply for acquisition has directed demand toward the rental market, pushing values upward.
