The last few years have been very interesting for Portugal, the 2008 crisis positioned the country in a great economic challenge.
The state leadership has managed to control the outcome and to confront the EU new regulations and restrictions, already in
Good news came across all segments, tourism went skyrocketing giving an enormous boost to the economy, export of goods and services showing great growth year over year, unemployment has reached a level of 8,9% in 2017 (17,5% in 2013) and is forecast to drop to 7,8% during 2018. The GDP growth for 2017 was revised up from 1.8% to 2.6%.
Adding to all that the ranking of Portugal in the global peace index in the 3rd position, the winning of many important tourism awards. It was considered the best place to retire in the world for the 3rd year in a row and much more great news which repositioned Portugal strongly on the
The Portuguese real estate market has recovered from a long restraint that lasted till 2014 and is performing strongly in all sectors, residential, high retail, offices and hotels.
The implementation of the Governments Golden Visa program in 2014 and strong incentive programs, alongside with the non-habitual tax resident benefits has proven to be extremely effective in attracting foreign investors.
The rehabilitation continues to be the main focus of investors Lisbon, Porto and Algarve will continue to lead.
The growth stability in the last years will continue to drive investors into Portugal. The long shortage in the real estate market will continue to push prices upwards for the next 3 years till new construction start and stabilize prices.
Porto will continue to be the centre of our group activity due to its attractiveness, especially in 1st and 2nd circles.
Lisbon will continue with strong demand and price level requires deep and extensive due diligence and punctual market research
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After an active 2017, in which the retail sector attracted 35% of the total invested in Portugal’s real estate market, transaction volumes appear set to be similarly robust through 2018.
The office sector was the second most actively traded, with 31% of the total investment volume. Office demand is strengthening and becoming more diversified.
In 2017, commercial real estate investment peaked at 1.9 billion €. And the prospects for 2018 are even better. While investments are expected to reach at least 2.5 billion €, the market’s current dynamism could see that level hit close to 3 billion €.
Increase in the housing price index per sqm during the last 2nd quarter of 2017 in both cities of Lisbon and Porto.
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