Maria Carvalho

Urban Economist & Lisbon Real-Estate Analyst

Maria Carvalho is a Lisbon-born economist with over 12 years’ experience tracking Portugal’s residential and commercial property cycles. She began her career in JLL’s Market 360º research team, where she co-authored the firm’s flagship 2015 outlook on Portuguese real estate. Today, she advises institutional investors and family offices on acquisition strategy in Lisbon’s premium neighborhoods and fast-growing fringe districts, with direct cooperations with a Portuguese buyers agent firm, drawing on market-leading datasets and Residential Trends reports. Maria’s writing demystifies price drivers—from tightening supply and ECB rate moves to new affordable-housing legislation shaping Lisbon’s skyline—and her commentary is regularly quoted in Portugal and other industry briefs. When she isn’t modelling yield scenarios or speaking at PropTech Lisboa, Maria can be found cycling the coastal path from Cais do Sodré to Cascais, scouting emerging micro-markets for her next deep-dive feature.