Comparing MEDIAN SALE PRICE / m² Median Home Sale Prices in IN PORTUGAL LISBON €1,031 Portugal by Diégo Villegas Santa Clara MEDIAN SALE PRICE / m² IN LISBON Olivais Parque €3,154 Lumiar das Carnide Nações Home prices are increasing rapidly in Portugal’s capital city. Median real estate prices in Lisbon are slightly Alvalade over three times the national São Domingos median. To demonstrate the Marvila affordability crisis this poses to de Benfica Portuguese people living here, Avenidas Areeiro we have to look at the average wages. Novas Benfica Campolide Penha According to the National Institute Arroios Beato of Statistics of Portugal, the de França These neighborhoods average worker earns Santo have higher median sale €1,034/month after tax in Campo de António Alcântara São prices than New York City’s the Lisbon metro area. The Ourique Vicente €6,532/m²! disjunct between income Ajuda and home prices is Santa PRICES ON FIRE! Maria Maior triggering a demographic Avenida shift in the city’s Estrela da Liberdade historic center. Many €7,560/m² residents are growing angry at the Belém Chiado Misericórdia frequency of long- Neighborhood time resident €7,418/m² displacements.

Ratio of Local Median Sale Price to Metropolitan Area National Median Sale Price As Lisbon’s neighborhoods continue to gentrify and of Lisbon attract more tourist amenities like hotels, hostels, 4.00 - 5.15+ AirBnB’s, and gift shops, the government will need to seek innovative solutions to address the crisis and 3.50 - 3.99 continue to enjoy the financial windfall from increased foreign investment and tourism in its population 3.00 - 3.49 centers. Without this increased activity, Portugal would likely have suffered the effects of the Great Recession 2.50 - 2.99 for much longer than it did. ±

2.00 - 2.49 Sources: Eurostat, DIVA-GIS, Zillow, INE, Público 25 km Central Meridian: -8.13°W 5 km Projection: Portugal Transverse Mercator