Overseas property news - Outcry from lisbon's locals

Outcry from lisbon's locals

A new high-density mixed-use development planned for the town of Oeiras in Portugal's capital, has caused upset amongst residents.

Lisbon is currently experiencing a property slowdown like most other European cities, and there remains little interest from international investors in the picturesque tiled buildings of old Lisbon.

For foreign buyers, Lisbon does has drawbacks, most notably the lack of a sandy beach, and, despite its castles and ancient narrow streets, the city has never developed an international reputation for that hip, urban vibe found in many coastal cities.

Lisbon locals are keen to protect their homeland, and the planned Oeiras development, led by contentious Oeiras Mayor, Isaltino Morais, has caused much controversy.

The development will consist of a 155,000sqm mixed-use scheme which will be built across an 82,000 square metre plot of land.

However, the project has already come under intense criticism because the density index per square metre is reported to be 1.84, which is three times the 0.48 limit, set by Municipal Plan, the local Camara's (Council) guidelines.

Members of the armed force have also rejected the project's dimensions, because it includes a couple of 25-storey towers, and the military will only accept six storeys.

They will only agree to lower buildings as they feel taller buildings may compromise the security of the nearby Medrosa Army Base.

The planned development will not go-ahead unless the disagreement between the Ministry of Defence and the Câmara is resolved.

All of the resistance from the military, opposition councillors and local residents will be discussed in a public enquiry which is set to continue until the end of this month.

There are still bargains to be had in Lisbon though, so browse properties for sale at www.themovechannel.com/property/portugal/lisbon


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