Portuguese property seekers may find Lisbon to be one of the best cities in which to invest when it comes to seeking an up-and-coming city.

In a feature on such cities, the Times lists the Portuguese capital as one of the top locations due to a number of factors.

These include new shops and hotels, refurbished old buildings, redeveloped districts, the proximity of beaches and the forthcoming arrival of a new international airport, which will improve access.

Commenting to the paper about the cost of property in the city, manager of the IRG property agency Alma Wright said: "Property in the city is still reasonably priced – £3,300 to £5,000 per square metre in prime areas such as Lapa and Estrela."

Located on the banks of the river Tagus, Lisbon dates from the 12th century, although much of its architecture dates from the period following the earthquake of 1755.

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