■ Value: Lisbon is a Western European capital city that offers value for money. The price differential with competing cities suggests scope for future price growth.
■ Sector performance: Portugal’s economic recovery is tentative, but Lisbon is outperforming as an international tourist centre and emerging 'tech city'.
■ Growth markets: Lisbon attracts investment from Latin America, notably Brazil, in small but growing volumes. If Lisbon finds itself a springboard into Europe from this group and investment grows to levels seen in Miami, the longer term impact on Lisbon could be transformative.
■ Rise of the small city: Lisbon is well positioned to benefit from the global small-city renaissance. Compared to the big urban centres, it offers shorter commutes, a lower cost of living and a high quality of life.