Lisbon Is Currently Placed At 6th Place For Being Most Profitable European Capitals

Lisbon is considered one of the best capitals for being the most profitable European capital. The Portuguese capital is currently placed at the sixth place in the list. It is one of the best places to buy a house and then place that house for rent.

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Lisbon Is Placed At 6th Place For Being Most Profitable Capital Real Estate Profitability In Other Portugues Cities

Lisbon Is Placed At 6^th Place For Being Most Profitable Capital

The Portuguese capital, Lisbon is considered one of the best to give a house for rent. It is among the best places to do business for renting a house. Currently, Lisbon city is placed at 6^th place among all the European capitals. The list is published by the Global Property Guide which has ranked the European capitals according to their rental business. Lisbon has landed at the 6^th spot among all the 32 European capitals. This city is considered one of the most profitable to buy a house and then give it on rent.

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According to the statistics, it was calculated that Lisbon is currently at 5.56% of the gross profitability of rental housing by the end of June for this year. There are only 5 European capitals that are ahead of Lisbon on the list. The first place goes to Dublin, Ireland which has an average gross profitability of 7.33%. You can check the other European countries who are better than Lisbon as follows:

Dublin, Ireland with an average gross profitability of 7.33%
Rome, Italy with an average gross profitability of 6.82 %
Riga, Latvia with an average gross profitability of 6.46 %
Bucharest, Romania with an average gross profitability of 6.3 %
Podgorica, Montenegro with an average gross profitability of 5.7 %

The worst capitals to buy a house and then give for rent are also listed in the rankings. The worst ranking has been given to Oslo, Norway with an average gross profitability of 2.46 %, and then Luxembourg with a 2.58 % of average gross profitability.

Real Estate Profitability In Other Portugues Cities

Some of the other Portuguese cities have good real estate value which makes them better for rental business. Some of these cities even have more value than the Portuguese capital, Lisbon. Setúbal is one such city that has an astonishing average gross profitability of 6.51 %. This is even higher than that of Lisbon. Portuguese cities which had more than 5 % of average gross profitability but less than that of Lisbon city are as follows:

Porto
Aveiro
Faro
Braga

The rate of profitability is calculated by taking the tax burden of that particular country into account. The income from housing in Portugal has been at a rate of 25 % which has decreased from 28 % last year. This rate is only for short-term contracts of rental places. The current rate can even be decreased more if the rental contract is signed for a period of more than 3 years. The comparison of European countries cannot be made because some markets have just a single rate while others have progressive rates.

Lisbon capital of Portugal — Lisbon profitable European Capital for buying a house and renting

Some statistics state that Portugal is placed at the middle of the list for tax burden on the incomes of properties. This is why the rental value that is charged in Portugal can make it possible to offset the burden of tax. People should check the market for taxes and rental contracts before proceeding with buying and selling their properties. Some of the cities in Portugal are considered the best to buy a house and then lay it off for rental purposes.