Lisbon overtakes Madrid, Barcelona and Milan and becomes the most expensive capital city in southern Europe
According to CASAFARI’s Residential Market Report for June to August 2022—which analysed housing demand in southern Europe across Lisbon, Madrid, Barcelona, Paris and Milan—Lisbon overtook Madrid, Barcelona and Milan to become southern Europe’s most expensive capital, recording a 5.4% increase in residential property asking prices and a 23.2% rise in asking rents. Alongside its global database, CASAFARI is entering the United States in selected states for commercial real estate only, through Claro AI.
What did CASAFARI’s summer 2022 Residential Market Report measure?
Using CASAFARI Area Insights, the report measured:
- the average asking price per square metre, both for sale and rent, based on listings indexed by CASAFARI,
- supply and demand dynamics across indexed listings,
- residential properties, from studio to three-bedroom units.
“Considering the increase in rents and the potential destabilisation of sale prices, it seems to be a great time for investors in this asset class, which is seen as a safe and very attractive investment in these turbulent times”.
Juan Ruiz, Senior Transaction Specialist at CASAFARI
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Frequently asked questions
How much did asking prices and rents rise in Lisbon between June and August 2022?
According to CASAFARI’s Residential Market Report covering June to August 2022, residential asking prices for sale in Lisbon increased by 5.4%, while asking rents rose by 23.2%. These metrics reflect listing figures indexed across the Portuguese capital during the summer period.
Which European cities were compared in CASAFARI’s summer 2022 Residential Market Report?
The report analysed residential property data from June to August 2022 across five European cities: Lisbon, Madrid, Barcelona, Paris and Milan. It covered properties ranging from studios to three-bedroom apartments.
What metrics does CASAFARI track in its Residential Market Reports?
The report measures average asking prices per square metre for both sale and rent across residential listings indexed by CASAFARI. It also monitors supply and demand dynamics across the covered metropolitan markets.
How can property professionals track asking price trends and market supply across European cities?
Property professionals can use CASAFARI Area Insights to monitor asking prices per square metre, rental trends and listing supply across European markets. They can also learn how to extract a market report in CASAFARI or connect to the Area Insights API documentation.
Does CASAFARI cover real estate data in the United States as well as Europe?
CASAFARI provides comprehensive residential and commercial market data across 16 countries. Alongside its global database, CASAFARI is entering the United States in selected states for commercial real estate only, through Claro AI.