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Real Estate Investment Falls by 54% in Lisbon’s ARU

12 October 2020 – Real estate investment in Lisbon’s Urban Rehabilitation Area (ARU) totalled €603.6 million, as 1,525 properties were bought and sold during the second quarter of 2020. The previous quarter saw €1.303 billion in sales (-54%), including 2,913 transactions (-48%). The average amount per transaction also decreased, down by 12% q-o-q from 451,301 euros to 396,307 euros.

The data was compiled by Confidencial Imobiliário and covered sales of buildings, flats and houses, including the residential sector, commercial, services and land.

Original Story: Diário Imobiliário

Translation/Summary: Richard D. Turner