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Luxury homes, short lets and shacks: inside Lisbon’s housing crisis | Housing
Manuela Lopes dates her misfortune from the moment her Lisbon neighbourhood began attracting comparisons with Brooklyn. It was the mid 2010s: former warehouses in the old working-class parish of Marvila were giving way to co-working spaces, art galleries, artisan breweries, creative hubs and tech startups. In 2018, average property prices in the neighbourhood were up 79.8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} on the previous year. A short walk from Lopes’ home, a 12-building luxury residential project designed by the world-famous architect Renzo Piano is now rising from Marvila’s old industrial waterfront. Prices for apartments, some with balconies overlooking the Tagus, range from €500,000 to €925,000 (£425,000 to £786,000) and many have been sold off-plan. Promotional…