According to Cushman & Wakefield, in 2017, the real estate investment in the Portuguese commercial sector should surpass the 2,000 million euros, which is a record amount.
The real estate investment in Portugal’s commercial sector reached 1,500 million euros between January and October. It has already surpassed the total amount invested in all of 2016, a dynamic which is influenced mainly by international investors’ activity, according to the real estate consultancy Cushman & Wakefield.
The consultancy has almost 40 investment businesses already performed in the sector throughout this year and in which the weight of foreign capital surpasses 80%.
In 2016, the overall transected volume has ascended to around 1,300 million euros. This means that the amount invested in the first ten months of 2017 is already 15% higher than what was registered last year.
“The worldwide growing capital flow allocated to the real estate sector, which has been pressuring the market with record liquidity levels, associated with Portugal’s excellent quality/price ratio concerning assets, are some of the factors that motivate investments in our country”, Cushman & Wakefield explain. “The very positive evolution the economy and the growing healthy occupational markets are equally favorable to the attractiveness of the Portuguese real estate assets”, the company states.
"The worldwide growing capital flow allocated to the real estate sector, which has been pressuring the market with record liquidity levels, associated with Portugal’s excellent quality/price ratio concerning assets, are some of the factors that motivate investments in our country. ”
The consultancy firm estimated that the investment volume in 12 months will surpass the 2,000 million euros, translating into a 60% growth in comparison to 2016 — and it should also surpass the record achieved in 2015, when investment reached 1,900 million. These estimates are based on the real estate operations in an advanced stage of negotiations.
Cushman & Wakefield also stated that in a broader time frame and assessing the volume implied in a very significant sample of investment assets currently in the market, the current pipeline value is higher than 3,000 million euros.