Lisbon developers waiting for buildings to be condemned

The Portugal Resident reports that “HUNDREDS OF Lisbon city centre buildings are standing empty because owners don’t have the money to do them up.

Despite being granted planning permission for improvements and change of use, many 19th and early 20th century buildings remain in a dilapidated and rundown state because the owners believe it is cheaper to wait until they have to be torn down and sell the land on to developers….”

Read more @ the SOURCE: The Online Resident – online edition of The Resident – Algarve and Lisbon Edition – News, information and classifieds.

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