The Portuguese capital is among Europe’s ten hotspots for property investment, according to the 2021 EMEA Investor Intentions Survey published by commercial real estate services company CBRE.
Lisbon came tenth in the latest ranking, close behind other leading European destinations such as Paris, Munich and Amsterdam. The list was headed by London, with Berlin and Frankfurt in second and third places respectively.
The report also found investors are largely upbeat about the investment market in 2021, with six in ten respondents expecting to increase their purchasing activity this year. Interestingly, offices remain the most preferred asset type for European-based investors, despite the trend for more flexible working arrangements that was accelerated by the pandemic.
In its separate Portugal Real Estate Outlook 2021, CBRE claimed the Portuguese market as a whole is likely to register uneven sector speeds. While logistics is tipped for a “great boost”, offices are expected to be “resilient”, and tourism is predicted to recover in line with vaccine rollouts, recovery in retail is forecast to be “highly dependent” on the country’s economic progress.
Source: Dinheiro Vivo / CBRE