Investors regain confidence and real estate resumes growth in Portugal

• 23 November, 21

1.1 billion euros have already been invested in commercial real estate in the country and the value could reach 2 billion this year.

The real estate market in Portugal is recovering from the growth trajectory it registered before the Covid-19 pandemic, a strengthening largely driven by the recovery of investor confidence. This is one of Savills’ conclusions to the Portuguese real estate situation, which forecasts that the sector’s growth will continue in 2022.

According to the consultant, from January to date, 1.1 billion euros were invested in commercial real estate in Portugal, with the volume of investment in the third quarter being 534 million euros. Savills estimates that the 2 billion mark could be reached by the end of the year.

“Since the beginning of the year, the office segment has (…) led the growth of the real estate market, with a share of 36%, closely followed by the hospitality sector, with a market share of 20%. On the other side of the coin, the retail sector has suffered the most from the effects of the pandemic context, with 8% in the real estate market in Portugal, in a YTD (‘year-to-date’) analysis”, says the consultant, in a statement.

Cre:Idealista