2019 was a year of massive growth for Commercial Property in Portugal

  • Home >
  • News >
  • 2019 was a year of massive growth for Commercial Property in Portugal

2019 was a year of massive growth for Commercial Property in Portugal
Published on 14th January 2020
(4min read)

Portugal’s commercial property market enjoyed a buoyant year in 2019 with around €3Bn transacted.

According to a study from Cushman & Wakefield, foreign investment continues to lead the way in the Portuguese market (78%) but Portuguese capital grew 135% – almost double from 2018. However, the consultant continues to point out a lack of quality offered in the market, particularly in the Office segment. Eric Van Leuven, Managing Director of C&W Portugal says that despite demand being limited due to a lack of quality offer, 2019 was an excellent year for Portuguese real estate.

Office space deals attracted €990 million

International investors were the ones who most contributed to this investment (78%), in a total of €1.4Bn, with the majority from Germany (32%), the United States (14%) and Spain (14%). Nevertheless, national investment skyrocketed by 135% to a total of €602 million, according to data from the consultants presented on Thursday.

Large-scale portfolios (bundles of two or more assets) form a total of 17 transactions, mainly in the office market which attracted €990 million. The FPM41 Tower bought by the German fund Deka and the Arts Business Centre and Torre Fernão Magalhães purchased by Merlin Properties stand out from among the largest deals.

Shopping Centres and Hotels were also main targets for investors

The shopping centre segment too was more buoyant, with key deals including AlgarveShopping and Albufeira Retail Park by Frey for €178 million as well as the sale of RioSul Shopping, 8th Avenida and LoureShopping to Harbert for €170 million.

But the hotel sector netted 19% of the amount invested in commercial real estate with a total of €520 million. The greatest transaction of the year was the sale of the Tivoli portfolio by Minor to Invesco for €313 million. Investment in student halls of residence has also attracted overseas investors as in the case of Xior which purchased eight residences for €160 million.

Source: Essential Business

2019 was a year of massive growth for Commercial Property in Portugal

About Portugal Homes

PortugalHomes.com specializes in investments through Real Estate and Golden Visa. We help buyers find the right property overseas, whether it be for Golden VisaNHR, Investment or simply a place in the sun. Our properties are selected with great thought in mind to give our clients the best opportunities. We offer the complete service from introducing them to the Legal RepresentativesCurrency ExchangeMortgage AdvisorsProperty ManagementRental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario. Portugal Homes provides the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.

To find out more, please contact us:
  • Phone: +351 213 471 603
  • E-Mail: info@portugalhomes.com
14th January 2020
(4min read) Forbes says Porto is one of six cities to invest in 2020 Last…
14th January 2020
(6min read) Residency and citizenship are not the same thing. This is…

Buying Property in Portugal

Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.

Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!

To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.

Extremely helpful and professional. A pleasure to meet you!

Li Sze Ki and Man Chi Ning from Hong Kong

Ryan is fantastic. Very helpful, nice and professional. He provides swift responses to me whenever I raise him a question.

Rubby Lee from Hong Kong

Thank you. Lovely experience with all of the staff. George was very helpful, knowledgeable and had a good grasp of the financials. Will recommend Portugal Homes to friends. Also excellent experience with the After Sales - very helpful.

Nadia Webb

Very knowledgeable and professional, able to provide clear advice that meets my need such that I can make decision quickly. Efficient and energetic team.

Tang Wing Yun from Hong Kong

Simon has been wonderful to work with. We did not feel pushed in any way.

Andre & Lena Jourdan from USA

Portugal Homes is very customer-oriented. Mr. George Hobson epitomizes professionalism and dedication. This in addition to his amiable and congenial attitude.

Investor from Algeria