Lisbonlowers housing prices. In the Portuguese capital, the largest city of the country, fixed a decrease in real estate transactions.
In 2012 home sales dropped by 75 percent compared with 2006. Total for the year was commited 5000 transactions. As a result agents cut prices to regain buyers as historic low has been made. Complicates the matter is that Portuguese banks hardly lend. Also there is the threat of higher taxes inPortugal.
According to experts,Lisbonis the most underrated European capital. Investors are reluctant to invest in urban real estate. Now any offer can be reduced by 20-30 percent, and three-bedroom apartment in the heart ofLisbonis down by 28 percent.
Situation in the rental market is growing. Many families don’t get a mortgage and rent an apartment, according to Homes & Property. About 70 percent of real estate market inLisbonis secondary housing. Many assets are focused on foreign buyers, in particular, the Chinese and the Russians.