The Portuguese market continues to show strong fundamentals, despite a context of uncertainty
Miguel Marques dos Santos | Vieira de Almeida
Dear investors,
It is in a context of mixed feelings that we launch this 8th update of “The Property Handbook - a Real Estate Investment Guide”.
This guide was first published in 2013, when Portugal was starting to exit from a very turbulent economic and financial period.
Since then, the economy has become more resilient and the Portuguese market has earned a new place in the global investment panorama, with numerous opportunities. New peak levels were recorded in real estate activity, namely in investment volumes, take-up, prices and rents. Simultaneously, new asset classes have emerged and became operationally sophisticated, such as student housing, senior living and agribusiness, capturing significant inflows of capital into the country.
Now the world as a whole is living a moment of political and economic uncertainty, driven by the war in Ukraine, growing inflation, the rise of interest rates and higher construction costs. However, due to more than a decade of very low development activity and Portugal’s increasing attractiveness as a living and working destination, several asset classes maintain strong fundamentals.
In this joint initiative, which brings together CBRE and VdA, we want to ensure that investors are updated with the performance of the real estate market in Portugal and the respective legal and tax framework. As in 2013, our purpose is again to keep investors informed in a context of uncertainty, in order to make the best business decisions.
We look forward to working together!
15th April 2023