ilmscore | WARNING - LISBON REAL ESTATE TO AVOID BUYING (We Refuse to Invest in Portugal Real Estate Like This)

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Prediction
Topic
Status
Units purchased in recently completed new construction buildings in Lisbon are likely to see their equity decrease as original investors, who bought at lower prices, will resell their units and drive down prices.
"likely soon after you buy your unit you are going to realize that many more units are going to be up for resale and those resale prices are going to start to compete with one another... when all of these new construction house flippers start to sell their units they will start to lower the price and depending on when you bought in that building you could start to see the equity of your home start to go down"
Lisbon Apartment Market
Pending
Apartment buildings in Lisbon with significant deferred maintenance are at high risk of structural issues or reaching the end of their functional lifespan.
"These types of buildings in our opinion are ticking time bombs the Deferred maintenance has gone on for so long that really these buildings may be on their last leg"
Lisbon Apartment Market
Pending
High-floor apartment units in Lisbon buildings without elevators will become difficult to resell or rent due to buyer/renter aversion to stairs.
"not having an elevator here in Portugal is going to be an issue at some point or another you are either going to grow tired of going up five flights of stairs or if you ever try to go to resale or rent your unit you will have a very hard time doing it because most people do not want to live in a high floor Building without an elevator"
Lisbon Apartment Market
Pending
Purchasing an apartment adjacent to old, abandoned, or dilapidated buildings in Lisbon will likely result in years of nuisance (noise, dust, traffic) from future renovation or new construction projects on those neighboring properties.
"if you are looking at a building and you notice that the buildings next to it are old abandoned dilapidated those buildings that are on either side of you those buildings could potentially be renovated torn down and rebuilt again and so that is something that you should keep in mind is that when you are buying a building look at your neighbors because the construction activity that happens with your neighbors because buildings are so close together they would definitely affect you and they could affect you for years"
Lisbon Apartment Market
Pending