Global investors focusing on Portugal

• 27 December, 23

Global real estate investment activity is expected to increase in 2024, reaching a peak in the third quarter, according to Savills World Research. According to the most recent report from the real estate consultancy, Portugal “will be among the most sought-after destinations for investment due to its tourism potential”.

“Researchers at Savills predict a more positive property investment environment in 2024 with 57%, on average, expecting a moderate to strong increase in investment activity next year, although this figure will rise to 70% of respondents regarding ‘multifamily’ residential properties and 66% in terms of industrial and logistics properties”, Savills said in a statement reported by idealista.

At a global level, investment activity will tend to increase in the third quarter of 2024, with the recovery being driven by several important markets, such as the US and the UK.

The consultant is more optimistic about activity in global residential markets, especially in the multifamily sector, where demand exceeds supply in many areas, and in logistics.

Eri Mitsostergiou, Director of Savills World Research, highlights that “2024 should be a much better year for real estate investors worldwide, with a sustained recovery expected as yields become more attractive, “prime” rents rise and the revaluation of prices begins to realign the expectations of buyers and sellers in markets where this has not yet occurred”.

This opinion is shared by Alexandra Portugal Gomes, Head of Research at Savills Portugal: “For 2024, projections are slightly more optimistic, still with a very careful risk analysis on the part of investors. We will certainly continue to see greater portfolio diversification, as a strategy adopted by investors, directing their investment towards alternative segments such as residential, ‘senior living’, ‘healthcare’ and ‘student housing’.

Cre: Portugalnews