European Property Markets

Rome offers a 4.98% estimated gross yield, but PFC’s standard entry-cost case reaches 10.04%. See what that means for holding time.

Lisbon has cooled enough to give buyers more room to negotiate, but the 2026 IMT change has raised the starting bill for many non-residents. James Lumley-Savile of Lisbon Property explains where opportunity remains and what foreign buyers should check before committing.

Lisbon’s 7.5% non-resident IMT is already included in the PFC Property Investor Index 2026Q3. See how total mandatory entry costs reshape the city’s investment case across all 11 markets.

Europe needs more rental homes, but the causes and policy risks differ by city. Milan, Barcelona, Budapest, Lisbon, Athens and Vienna show where careful long-term investors can still add useful supply and find opportunity.

Zagreb ranks eighth for today’s investment conditions but fifth in the PFC Property Investor Index five-year view. Ivan Varat of San Patrik Real Estate explains prices, districts, rental demand and the building-level checks foreign buyers should not skip.

Budapest ranks fifth for today’s investment conditions, combining a 4.30% estimated gross yield and useful buying power with entry costs that remain clearly visible.

Sofia ranks fourth for today’s investment conditions, combining almost 78 m² of buying power with moderate entry costs and a 4.04% estimated gross yield.

Athens is more than the PFC Property Investor Index five-year leader. It also ranks third for today’s conditions, supported by buying power, gross income carry and a competitive starting point.

Warsaw takes second place in the PFC Property Investor Index test of today’s European investment conditions. The highest estimated gross yield in the 11-city group is its clearest advantage.

Bucharest leads the PFC Property Investor Index Current Investment Case through a strong mix of buying power, gross income carry and low mandatory entry costs.