Lisbon’s Real Estate Market Hasn’t Peaked Yet, Investor Says

Page created: Monday, 23 April 2018 12:00 GMT

Conde Naste  Housing Market  Lisbon  Paula Amorim  Prices

Paula Amorim, the Portuguese investor who’s chairman of oil producer Galp Energia SGPS SA, doesn’t think Lisbon’s booming real estate market has peaked yet as she plans to invest in offering new luxury services.

“I don’t think the market has reached a peak,” Amorim, 47, said in an interview at the Conde Nast International Luxury Conference in Lisbon. “We’ll still have maybe two more years ahead for real estate prices to stabilize at a high. There’s lots of foreigners also looking at Portugal.”