Lisbon remains attractive for real estate investment

This ranking of the most attractive European cities to invest in real estate in 2025 was recently published by PwC and the Urban Land Institute (ULI), which heard more than a thousand experts from real estate companies, funds, institutional investors and banks.
Lisbon, the only Portuguese city among the 30 analysed, was considered the tenth most attractive for investing in real estate next year. Thus, the Portuguese capital remains in the top10 of European cities that attract the most interest, even though it has fallen two positions compared to the 2024 ranking (when it was in 8th place).

Leading the 2025 ranking is London, which occupies first place for the fourth consecutive year largely due to its resilience, its great liquidity and its attractiveness to investors. In second place is Madrid, which has risen six steps since 2020, thus recording its best position in this, which is the 23rd edition of this ranking. In fact, the Spanish capital was the only city in the top 10 that managed to rise in position, largely due to its “economic growth, a stable population, quality of life, political stability and reception of students, tourists and immigrants”.