Real estate investment in Portugal exceeded one billion euros by September 2023, according to data from Savills Portugal. The retail and tourism sectors lead investment transactions in the national market.
"Despite the drop in energy prices and a stable job market, the context experienced across Europe in recent months, marked by high levels of inflation, the increase in loan costs, the reduction of government support measures, and the decline in private consumption is contributing to the more negative economic outlook".
According to the results, in the 3rd quarter of 2023, the real estate investment market in Portugal reached a total amount of 262 million euros, a value that represents a decrease of 46% compared to the previous quarter.
“Total investment in the first nine months of the year amounts to 1,021 million euros, indicating a decrease of 48% compared to the same period in 2022”.