Lisbon, the capital city of Portugal consistently ranks among the top European cities to live and invest in, is a major city located on the western Iberian Peninsula, situated along the Atlantic Ocean and the Tagus River (Rio Tejo).
Lisbon is Portugal's political, economic, and cultural hub, and enjoys a mild Mediterranean climate, and is seen as a gateway between Europe, Africa, and the Americas.
There are many places to find distressed or foreclosed properties in Lisbon, for examples you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses and you may find cheap distressed Lisbon property for sale with broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
FEATURED Portugal LISTING
Location : PALMELA,
Property Type: HouseProperty Terms: For SaleLocal Currency Price: Euro 450.000Price in USD: $542,255
Lisbon generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Lisbon is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
In sought-after cities and tourist destinations, property values have shown consistent long-term growth-especially in areas with at times limited supply.
Real Estate Agents and Property Developers in Portugal
