Madonna House Hunting in Lisbon Adds to Rising Price Fears

Rock star Madonna is house hunting in Lisbon, and that has some in Portugal excited. For others, the city’s allure spells unaffordable property prices.

The U.S. singer, the latest celebrity to consider a home in Lisbon, last month visited a hilltop palace that belonged to Antonio Champalimaud, who was Portugal’s richest man when he died in 2004, according to Gustavo Soares, the head of Sotheby’s International Realty in the country. Madonna also visited a few estates in the lush-green hills of Sintra, near Lisbon, he said.