Lisbon is the seventh city in the world where residential property prices rose the most in the first half of 2022.
Values in the residential property sales market in Lisbon rose 3.7% between January and the end of June behind cities such as Miami, Los Angeles and San Francisco that led the ranking compiled by the consultants Savills.
Lisbon continues to stand out in the property market when it comes to the exponential increase in house prices. The study from Savills shows that house prices rose more than in Berlin, London and Geneva.
“The resilience in the global residential real estate market continued in the first half of 2022,” states Savills in its study Savills World Cities Prime Residential Index which takes in 30 cities all over the world. In this index, average sale prices rose 2.4% on average.
Miami enjoyed the highest price increases (12.5%), followed by Los Angeles (6.5%), San Francisco (5.5%), Dubai (4.7%), New York (4.3%), Seoul (4.0%) and Lisbon (3.7%).
Three cities globally saw falls in property prices. Shanghai (-0.9%), Sidney (-1.7%) and Hong Kong (-3.0%).
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