A full refurbishment of a one-bedroom apartment of around 62 m² costs us roughly €36,000. Water columns are a line item, not an afterthought We budget the vertical water risers the same way we budget façades and roofs — as named items with their own cost. Across one building's common areas, that program runs to about €150,000. Across the apartments and common areas currently in works, roughly €380,000. Pipes are the reason. A riser runs the full height of a building, so you c

Meta description: Portuguese house prices rose 17.8% in early 2026. One of the fastest rates in the EU. Here's what's driving the market and what it means for buyers and investors. Portugal's housing market is still running hot. House prices rose 17.8% year-on-year in the first quarter of 2026, according to Statistics Portugal (INE) — one of the steepest increases in the European Union. Prices have now climbed for years, and the momentum shows little sign of easing. But the s

If you're benchmarking Lisbon real estate against the city center, you're looking at the wrong number. Gross rental yields in prime Lisbon have compressed to roughly 3.5–4%, with average asking rents around €1,800/month against average prices of €6,315/m² as of May 2026 — up 8.6% year-on-year. That's a market rewarding capital appreciation, not income. Margem Sul is telling a different story, and it's the one that matters for anyone building a rental portfolio. Prices are cat