Real Estate
Southern Europe’s Prime Property Prices Are Booming, Study Shows
- Lisbon, Madrid, Athens home values rising more than elsewhere
- Prime rental market growing rapidly, outstripping sales growth
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Southern European cities including Lisbon, Madrid and Athens saw strong growth in residential-property values in the first half of the year, as an ongoing supply crunch buoyed the high-end housing market.
Out of 30 cities analyzed by property firm Savills Plc, Lisbon notched the strongest capital-value growth in prime residential real estate, with a 4.2% gain, thanks largely to an influx of wealthy foreign buyers. Amsterdam, Madrid and Athens all saw increases of more than 3%, according to an index that tracks prime residential property in cities around the world.